Department of the Treasury 2012 – Federal Register Recent Federal Regulation Documents

Minimum Capital Ratios; Issuance of Directives
Document Number: 2012-31485
Type: Rule
Date: 2012-12-31
Agency: Comptroller of the Currency, Department of Treasury, Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2012-31388
Type: Notice
Date: 2012-12-31
Agency: Department of the Treasury
Proposed Collection; Comment Request; Office of Small and Disadvantaged Business Utilization
Document Number: 2012-31385
Type: Notice
Date: 2012-12-31
Agency: 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 Departmental Offices, OSDBU within the Department of the Treasury is soliciting comments concerning the Electronic Capability Statement (ECS).
Lending Limits
Document Number: 2012-31267
Type: Rule
Date: 2012-12-31
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) is amending its lending limits rule to extend the rule's temporary exception for credit exposures arising from a derivative transaction or securities financing transaction from January 1, 2013 to July 1, 2013.
Submission for OMB Review; Comment Request
Document Number: 2012-31237
Type: Notice
Date: 2012-12-31
Agency: Department of the Treasury
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Foreign Narcotics Kingpin Designation Act
Document Number: 2012-31207
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of five individuals and two entities whose property and interests in property have been unblocked pursuant to the Foreign Narcotics Kingpin Designation Act (``Kingpin Act'') (21 U.S.C. 1901-1908, 8 U.S.C. Sec. 1182).
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978
Document Number: 2012-31203
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of six individuals whose property and interests in property have been unblocked pursuant to Executive Order 12978 of October 21, 1995, ``Blocking Assets and Prohibiting Transactions With Significant Narcotics Traffickers''.
Prompt Payment Interest Rate; Contract Disputes Act
Document Number: 2012-31194
Type: Notice
Date: 2012-12-28
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
For the period beginning January 1, 2013, and ending on June 30, 2013, the prompt payment interest rate is 1-3/8 per centum per annum.
Rules of Practice and Procedure; Rules of Practice and Procedure in Adjudicatory Proceedings; Civil Money Penalty Inflation Adjustments
Document Number: 2012-31187
Type: Rule
Date: 2012-12-28
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) is clarifying the effective dates of the adjustments to the maximum amount of CMPs the OCC administers that were published on November 6, 2012.
Community Development Financial Institutions Fund
Document Number: 2012-31167
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury
Subject to funding availability, this NOFA is issued in connection with the FY 2013 Funding Round of the CDFI Program, administered by the Community Development Financial Institutions (CDFI) Fund.
Community Development Financial Institutions Fund
Document Number: 2012-31164
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury
Subject to funding availability, this NOFA is issued in connection with the FY 2013 Funding Round of the NACA Program, administered by the Community Development Financial Institutions (CDFI) Fund.
Partner's Distributive Share
Document Number: 2012-31155
Type: Rule
Date: 2012-12-28
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations regarding the application of the substantiality de minimis rule. In the interest of sound tax administration, this rule is being made inapplicable. These final regulations affect partnerships and their partners.
Submission for OMB Review; Comment Request
Document Number: 2012-31147
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2012-31139
Type: Notice
Date: 2012-12-28
Agency: Department of the Treasury
Payout Requirements for Type III Supporting Organizations That Are Not Functionally Integrated
Document Number: 2012-31050
Type: Rule
Date: 2012-12-28
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains both final regulations and temporary regulations regarding the requirements to qualify as a Type III supporting organization that is operated in connection with one or more supported organizations. The regulations reflect changes to the law made by the Pension Protection Act of 2006. The regulations will affect Type III supporting organizations and their supported organizations. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the Proposed Rules section in this issue of the Federal Register.
Payout Requirements for Type III Supporting Organizations That Are Not Functionally Integrated
Document Number: 2012-31046
Type: Proposed Rule
Date: 2012-12-28
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document withdraws portions of the notice of proposed rulemaking published on September 24, 2009, relating to the payout requirements for Type III supporting organizations that are not functionally integrated. The withdrawal affects Type III supporting organizations that are not functionally integrated. In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations regarding the requirements to qualify as a Type III supporting organization that is operated in connection with one or more supported organizations. Those regulations reflect changes to the law made by the Pension Protection Act of 2006 and will affect Type III supporting organizations and their supported organizations. The text of those temporary regulations published in this issue of the Federal Register also serves as the text of these proposed regulations.
Use of Controlled Corporations To Avoid the Application of Section 304
Document Number: 2012-30967
Type: Rule
Date: 2012-12-26
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations addressing sales of stock between related corporations. The regulations finalize proposed regulations and remove temporary regulations that apply to certain sales of stock that are recharacterized as contributions and redemptions, but that are structured with a principal purpose of redesignating the issuing corporation or the acquiring corporation. The regulations affect persons treated as receiving distributions in redemption of stock as a result of such transactions.
Iranian Transactions and Sanctions Regulations
Document Number: 2012-30680
Type: Rule
Date: 2012-12-26
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is amending the Iranian Transactions and Sanctions Regulations (the ``ITSR'') to implement section 218 and portions of sections 602 and 603 of the Iran Threat Reduction and Syria Human Rights Act of 2012; section 5, portions of section 6, and other related provisions of Executive Order 13622 of July 30, 2012; and section 4 of Executive Order 13628 of October 9, 2012. These amendments, inter alia, add a new section to the ITSR to prohibit certain transactions by entities owned or controlled by a U.S. person and established or maintained outside the United States. They also expand the categories of persons whose property and interests in property are blocked to include any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to have provided material support for certain Government of Iran-related entities or certain activities by the Government of Iran.
Supplemental Identification Information for 1 Individual Designated Pursuant to Executive Order 13441
Document Number: 2012-30823
Type: Notice
Date: 2012-12-21
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing supplemental information for the name of 1 individual whose property and interests in property are blocked pursuant to Executive Order 13441 of August 1, 2007, ``Blocking Property of Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions.''
Community Reinvestment Act Regulations
Document Number: 2012-30775
Type: Rule
Date: 2012-12-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, the Board, and the FDIC (collectively, the agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ``small bank'' or ``small savings association'' and ``intermediate small bank'' or ``intermediate small savings association.'' As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index.
Joint Report: Differences in Accounting and Capital Standards Among the Federal Banking Agencies; Report to Congressional Committees
Document Number: 2012-30608
Type: Notice
Date: 2012-12-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, the Board, and the FDIC (collectively, the agencies) have prepared this report pursuant to section 37(c) of the Federal Deposit Insurance Act. Section 37(c) requires the agencies to jointly submit an annual report to the Committee on Financial Services of the U.S. House of Representatives and to the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate describing differences between the capital and accounting standards used by the agencies. The report must be published in the Federal Register.
Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property
Document Number: 2012-30490
Type: Rule
Date: 2012-12-19
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains correcting amendments to the temporary regulations (TD 9564), which were published in the Federal Register on Tuesday, December 27, 2011, relating to guidance regarding deduction and capitalization of expenditures related to tangible property. These amendments revise the general asset account regulations to provide the time and manner of making a general asset account election. The amendatory instructions of TD 9564 inadvertently redesignated paragraphs (m)(2) and (m)(3) for the general asset account regulations as in effect before TD 9564 as paragraphs (l)(2) and (l)(3) for the general asset account regulations as amended by TD 9564. These correcting amendments will affect all taxpayers that make a general asset account election.
Surety Companies Acceptable on Federal Bonds: Termination; ULLICO Casualty Company
Document Number: 2012-30422
Type: Notice
Date: 2012-12-19
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 3 to the Treasury Department Circular 570; 2012 Revision, published July 2, 2012, at 77 FR 39322.
Surety Companies Acceptable on Federal Bonds: Termination; Universal Insurance Company
Document Number: 2012-30421
Type: Notice
Date: 2012-12-19
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 2 to the Treasury Department Circular 570; 2012 Revision, published July 2, 2012, at 77 FR 39322.
Awards for Information Relating To Detecting Underpayments of Tax or Violations of the Internal Revenue Laws
Document Number: 2012-30512
Type: Proposed Rule
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
These regulations provide comprehensive guidance for the award program authorized under Internal Revenue Code (Code) section 7623, as amended. The regulations provide guidance on submitting information regarding underpayments of tax or violations of the internal revenue laws and filing claims for award, as well as on the administrative proceedings applicable to claims for award under section 7623. The regulations also provide guidance on the determination and payment of awards, and provide definitions of key terms used in section 7623. Finally, the regulations confirm that the Director, officers, and employees of the Whistleblower Office are authorized to disclose return information to the extent necessary to conduct whistleblower administrative proceedings. The regulations provide needed guidance to the general public as well as officers and employees of the IRS who review claims under section 7623. This document also provides notice of a request for a public hearing on the proposed regulations.
Additional Designations, Foreign Narcotics Kingpin Designation Act
Document Number: 2012-30424
Type: Notice
Date: 2012-12-18
Agency: Department of the Treasury, Office of Foreign Assets Control
The U.S. Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of three individuals and one entity whose property and interests in property have been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (``Kingpin Act'') (21 U.S.C. 1901-1908, 8 U.S.C. 1182). In addition, OFAC is publishing an addition to the identifying information for one individual previously designated pursuant to the Kingpin Act.
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Foreign Narcotics Kingpin Designation Act
Document Number: 2012-30423
Type: Notice
Date: 2012-12-18
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of six individuals and one entity whose property and interests in property have been unblocked pursuant to the Foreign Narcotics Kingpin Designation Act (``Kingpin Act'') (21 U.S.C. 1901-1908, 8 U.S.C. 1182). In addition, OFAC is publishing an amendment to the identifying information of one individual previously designated pursuant to the Kingpin Act.
Designation of Two (2) Individuals Pursuant to Executive Order 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism”
Document Number: 2012-30420
Type: Notice
Date: 2012-12-18
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of two (2) individuals whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.''
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978
Document Number: 2012-30411
Type: Notice
Date: 2012-12-18
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the names of 27 individuals and 9 entities whose property and interests in property have been unblocked pursuant to Executive Order 12978 of October 21, 1995, ``Blocking Assets and Prohibiting Transactions With Significant Narcotics Traffickers''.
Open Meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee
Document Number: 2012-30366
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee
Document Number: 2012-30365
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee
Document Number: 2012-30364
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee
Document Number: 2012-30363
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee
Document Number: 2012-30362
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Joint Committee
Document Number: 2012-30361
Type: Notice
Date: 2012-12-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Joint Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Proposed Information Collections; Comment Request
Document Number: 2012-30350
Type: Notice
Date: 2012-12-17
Agency: Alcohol and Tobacco Tax and Trade Bureau, Department of Treasury, Department of the Treasury
As part of our continuing effort to reduce paperwork and respondent burden, and as required by the Paperwork Reduction Act of 1995, we invite comments on the proposed or continuing information collections listed below in this notice.
Submission for OMB Review; Comment Request
Document Number: 2012-30291
Type: Notice
Date: 2012-12-17
Agency: Department of the Treasury
Proposed Collection; Comment Request for Form 706-D
Document Number: 2012-30255
Type: Notice
Date: 2012-12-17
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 Form 706-D, United States Additional Estate Tax Return Under Code Section 2057.
Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property
Document Number: 2012-30252
Type: Rule
Date: 2012-12-17
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains amendments to temporary regulations relating to guidance regarding deduction and capitalization of expenditures related to tangible property. These amendments change the applicability dates of the temporary regulations to taxable years beginning on or after January 1, 2014, while permitting taxpayers to choose to apply the temporary regulations for taxable years beginning on or after January 1, 2012. The amendments to the temporary regulations will affect all taxpayers that acquire, produce, or improve tangible property.
Submission for OMB Review; Comment Request
Document Number: 2012-30207
Type: Notice
Date: 2012-12-14
Agency: Department of the Treasury
Proposed Collection; Comment Request; Renewal Without Change of the Requirement for Information Sharing Between Government Agencies and Financial Institutions
Document Number: 2012-30121
Type: Notice
Date: 2012-12-13
Agency: Department of the Treasury, Financial Crimes Enforcement Network
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, FinCEN is soliciting comments concerning the renewal without change of the ``Information sharing between government agencies and financial institutions'' under 31 CFR 1010.520, generally referred to as the 314(a) program.
Submission for OMB Review; Comment Request
Document Number: 2012-30083
Type: Notice
Date: 2012-12-13
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2012-29933
Type: Notice
Date: 2012-12-12
Agency: Department of the Treasury
Allocation of Costs Under the Simplified Methods; Hearing
Document Number: 2012-29932
Type: Proposed Rule
Date: 2012-12-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document provides notice of public hearing on proposed regulations that provide guidance on allocating costs to certain property produced by the taxpayer or acquired by the taxpayer for resale.
Mutual Savings Association Advisory Committee Meeting
Document Number: 2012-29919
Type: Notice
Date: 2012-12-12
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) announces a meeting of the Mutual Savings Association Advisory Committee (MSAAC or Committee).
Submission for OMB Review; Comment Request
Document Number: 2012-29915
Type: Notice
Date: 2012-12-12
Agency: Department of the Treasury
Proposed Collection: Comment Request
Document Number: 2012-29889
Type: Notice
Date: 2012-12-12
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 concerning the extension of information collections under the regulations which were issued pursuant to the Government Securities Act.
Deduction for Qualified Film and Television Production Costs
Document Number: 2012-29630
Type: Rule
Date: 2012-12-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to deductions for the cost of producing qualified film and television productions. These final regulations reflect changes to the law made by the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 and affect taxpayers that produce films and television productions within the United States.
Taxable Medical Devices
Document Number: 2012-29628
Type: Rule
Date: 2012-12-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that provide guidance on the excise tax imposed on the sale of certain medical devices, enacted by the Health Care and Education Reconciliation Act of 2010 in conjunction with the Patient Protection and Affordable Care Act. The final regulations affect manufacturers, importers, and producers of taxable medical devices.
Mutual Savings Association Advisory Committee
Document Number: 2012-29553
Type: Notice
Date: 2012-12-07
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC has determined that the renewal of the charter of the OCC Mutual Savings Association Advisory Committee (MSAAC) is necessary and in the public interest. The OCC hereby gives notice of the renewal of the charter.