Department of the Treasury 2013 – Federal Register Recent Federal Regulation Documents

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of six individuals identified as the Government of Iran pursuant to the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (``ITSR''), and Executive Order 13599.

This document contains a notice that the IRS has made available the 2014 Grant Application Package and Guidelines (Publication 3319) for organizations interested in applying for a Low Income Taxpayer Clinic (LITC) matching grant for the 2014 grant year, which runs from January 1, 2014, through December 31, 2014. The application period runs from May 28, 2013, through July 12, 2013. The IRS will award a total of up to $6,000,000 (unless otherwise provided by specific Congressional appropriation) to qualifying organizations, subject to the limitations of Internal Revenue Code section 7526, for matching grants. A qualifying organization may receive a matching grant of up to $100,000 per year for up to a three- year project period. Qualifying organizations that provide representation for free or for a nominal fee to low income taxpayers involved in tax disputes with the IRS, or educate individuals for whom English is a second language of their taxpayer rights and responsibilities, or both, can apply for a grant. Examples of qualifying organizations include: (1) A clinical program at an accredited law, business or accounting school whose students represent low income taxpayers in tax controversies with the IRS, (2) an organization exempt from tax under I.R.C. Sec. 501(a) that represents low income taxpayers in tax controversies with the IRS or refers those taxpayers to qualified representatives, and (3) an organization exempt from tax under I.R.C. Sec. 501(a) that operates programs to inform individuals for whom English is a second language about their rights and responsibilities as taxpayers.

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). Under PRA, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information. In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning its information collection titled, ``Notice Regarding Unauthorized Access to Customer Information.'' The OCC is also giving notice that it has sent the collection to OMB for review.

Bureau of Fiscal 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 Fiscal Service solicits comments concerning the form ``Assignment Form.''

This document adopts as a final rule, with two changes, interim amendments to the U.S. Customs and Border Protection (``CBP'') regulations which were published in the Federal Register on March 19, 2012, as CBP Dec. 12-03, to implement the preferential tariff treatment and other customs-related provisions of the United States-Korea Free Trade Agreement entered into by the United States and the Republic of Korea.

The Bureau of the Fiscal Service, Fiscal 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 Fiscal Service solicits comments concerning the ``Final RuleManagement of Federal Agency Disbursements.''

In accordance with the Federal Advisory Committee Act, as amended (Pub. L. 92-463; 5 U.S.C. App. 2), with the concurrence of the General Services Administration, the Secretary of the Treasury is renewing the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association (the ``Committee'').

Closed meeting of the Art Advisory Panel will be held in Baltimore, MD.

An open meeting of the Electronic Tax Administration Advisory Committee (ETAAC) will be conducted via telephone conference call. The ETAAC will discuss recommendations for electronic tax administration which will be published in the Annual Report to Congress.

Treasury, SSA, VA, RRB and OPM (Agencies) are adopting as final an interim rule to amend their regulation governing the garnishment of certain Federal benefit payments that are directly deposited to accounts at financial institutions. The rule establishes procedures that financial institutions must follow when they receive a garnishment order against an account holder who receives certain types of Federal benefit payments by direct deposit. The rule requires financial institutions that receive such a garnishment order to determine the sum of such Federal benefit payments deposited to the account during a two month period, and to ensure that the account holder has access to an amount equal to that sum or to the current balance of the account, whichever is lower.

Pursuant to United States Code, Title 31, section 5135(b)(8)(C), the United States Mint announces the Citizens Coinage Advisory Committee (CCAC) public meeting scheduled for May 30, 2013. Date: May 30, 2013. Time: 1:00 p.m. to 2:00 p.m. Location: CCAC members will participate via teleconference. Interested members of the public may attend the meeting at the United States Mint, 801 9th Street NW., Washington, DC, Conference Room A. Subject: Review and consideration of themes for the proposed Congressional Gold Medal for Addie Mae Collins, Denise McNair, Carole Robertson, and Cynthia Wesley to commemorate the lives they lost 50 years ago in the bombing of the Sixteenth Street Baptist Church. Interested persons should call the CCAC HOTLINE at (202) 354-7502 for the latest update on meeting time and room location. In accordance with 31 U.S.C. 5135, the CCAC: [ssquf] Advises the Secretary of the Treasury on any theme or design proposals relating to circulating coinage, bullion coinage, Congressional Gold Medals, and national and other medals. [ssquf] Advises the Secretary of the Treasury with regard to the events, persons, or places to be commemorated by the issuance of commemorative coins in each of the five calendar years succeeding the year in which a commemorative coin designation is made. [ssquf] Makes recommendations with respect to the mintage level for any commemorative coin recommended.

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the name of one (1) individual whose property and interests in property are blocked pursuant to Executive Order 13572 of April 29, 2011, ``Blocking Property of Certain Persons with Respect to Human Rights Abuses in Syria'' and Executive Order 13573 of May 18, 2011, ``Blocking Property of Senior Officials of the Government of Syria.''

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 1099-INT, Interest Income.

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the name of one entity identified as the Government of Iran under the Iranian Transactions and Sanctions Regulations (the ``ITSR''), 31 CFR Part 560, and Executive Order 13599, and has updated OFAC's list of Specially Designated Nationals and Blocked Persons (``SDN List'') to identify this entity.

The United States Mint is announcing the re-pricing of the 2012 and 2013 United States Mint America the Beautiful Quarters Silver Proof Set, the 2013 United States Mint Silver Proof Set, and the 2013 United States Mint Congratulations Set. 2012 and 2013 United States Mint America the Beautiful Quarters Silver Proof Sets will be offered for sale at a price of $36.95. 2013 United States Mint Silver Proof Set will be offered for sale at a price of $60.95. 2013 United States Mint Congratulations Set will be offered for sale at a price of $59.95.

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of eight vessels identified as property in which the Government of Iran has an interest that are blocked pursuant to the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (``ITSR'') and Executive Order 13599 and is also updating the entries on OFAC's list of Specially Designated Nationals and Blocked Persons to identify the new names and/or other information associated with eight previously-identified vessels.

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 the requirements relating to the maintenance and retention of such records that are sufficient to show whether or not a person is liable for tax.

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 4952, Investment Interest Expense Deduction.

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.

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 1120-C, U.S. Income Tax Return for Cooperative Associations.

This final rule amends the Alcohol and Tobacco Tax and Trade Bureau regulations setting forth the standards of identity for distilled spirits to include Pisco as a type of brandy that must be manufactured in accordance with the laws and regulations of either Peru or Chile, as appropriate, governing the manufacture of those products. This final rule also removes ``Pisco brandy'' from the list of examples of geographical designations in the distilled spirits standards of identity, and it includes a technical correction to remove ``Cognac'' from the same list of examples. These changes provide greater clarity in distilled spirits labeling.