Department of the Treasury February 7, 2011 – Federal Register Recent Federal Regulation Documents

Proposed Collection: Comment Request
Document Number: 2011-2578
Type: Notice
Date: 2011-02-07
Agency: Department of the Treasury, Bureau of the Public Debt
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 Bureau of the Public Debt within the Department of the Treasury is soliciting comments which concern ``Conducting Focus Groups for Retail Securities Products.''
Time and Manner for Electing Capital Asset Treatment for Certain Self-Created Musical Works
Document Number: 2011-2549
Type: Rule
Date: 2011-02-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains a final regulation that provides the time and manner rules for electing to treat the sale or exchange of a musical composition or a copyright in a musical work created by the taxpayer (or received by the taxpayer from the composition or work's creator in a transferred basis transaction) as the sale or exchange of a capital asset. The regulation reflects changes to the law made by the Tax Increase Prevention and Reconciliation Act of 2005 and the Tax Relief and Health Care Act of 2006. The regulation affects taxpayers who elect to treat gain or loss from such a sale or exchange as capital gain or loss.
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