Department of the Treasury December 27, 2006 – Federal Register Recent Federal Regulation Documents

Source of Income From Certain Space and Ocean Activities; Source of Communications Income
Document Number: E6-22174
Type: Rule
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations under section 863(d) governing the source of income from certain space and ocean activities. It also contains final regulations under section 863(a), (d), and (e) governing the source of income from certain communications activities. In addition, this document contains final regulations under section 863(a) and (b), amending the regulations in Sec. 1.863-3 to conform those regulations to these final regulations. The final regulations primarily affect persons who derive income from activities conducted in space, or on or under water not within the jurisdiction of a foreign country, possession of the United States, or the United States (in international water). The final regulations also affect persons who derive income from transmission of communications.
Income and Currency Gain or Loss With Respect to a Section 987 QBU; Correction
Document Number: E6-22169
Type: Proposed Rule
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to a notice of proposed rulemaking that was published in the Federal Register on Thursday, September 7, 2006 (71 FR 52876), regarding the determination of the items of income or loss of a taxpayer with respect to a section 987 qualified business unit as well as the timing, amount, character and source of any section 987 gain or loss.
Proposed Collection; Comment Request for Regulation Project
Document Number: E6-22168
Type: Notice
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing final regulation, REG-120200-97 (TD 8775), Election Not to Apply Look-Back Method in De Minimis Cases (Sec. 1.460-6).
Flat Rate Supplemental Wage Withholding; Correction
Document Number: E6-22022
Type: Rule
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9276) that were published in the Federal Register on Tuesday, July 25, 2006 (71 FR 42049), amending the regulations that provide for determining the amount of income tax withholding on supplemental wages. These regulations apply to all employers and others making supplemental wage payments to employees.
Exchanges of Property for an Annuity
Document Number: E6-22020
Type: Proposed Rule
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
On October 18, 2006, on page 61441 of the Federal Register (71 FR 61441), a notice of proposed rulemaking and notice of public hearing announced that a public hearing concerning guidance on the taxation of the exchange of property for an annuity contract will be held February 16, 2007 in the auditorium of the New Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 20706. The location of the public hearing has changed.
Railroad Track Maintenance Credit; Hearing Cancellation
Document Number: E6-22018
Type: Proposed Rule
Date: 2006-12-27
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on proposed regulations by cross-reference to temporary regulations relating to the railroad track maintenance credit determined for qualified railroad track maintenance expenditures paid or incurred by a Class II or Class III railroad and other eligible taxpayers during the taxable year.
Proposed Agency Information Collection Activities; Comment Request-Savings Association Holding Company Report H-(b)11
Document Number: 06-9893
Type: Notice
Date: 2006-12-27
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the Department of the Treasury will submit the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. Today, OTS is soliciting public comments on its proposal to extend this information collection.
Financial Management Service; Proposed Collection of Information: Direct Deposit Sign-Up Form
Document Number: 06-9858
Type: Notice
Date: 2006-12-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the Form 1199A ``Direct Deposit Sign-Up Form'' and Form 1200 ``Go Direct Sign Up Form for Direct Deposit of Federal Benefit Payments.''
Financial Management Service; Proposed Collection of Information: Final Rule-Management of Federal Agency Disbursements
Document Number: 06-9857
Type: Notice
Date: 2006-12-27
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Financial Management Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to make this opportunity to comment on a continuing information collection. By this notice, the Financial Management Service solicits comments concerning the ``Final Rule Management of Federal Agency Disbursements.''
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