Department of the Treasury April 2014 – Federal Register Recent Federal Regulation Documents

This is Supplement No. 5 to the Treasury Department Circular 570, 2013 Revision, published July 1, 2013, at 78 FR 39440.

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing supplemental information for the names of one (1) individual 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.''

The United States Mint hosted a meeting with coin industry stakeholders on March 13, 2014, at which bureau officials solicited individual input and answered questions from participants on the effects of changing the metal composition of circulating United States coinage (See Federal Register, February 4, 2014). This notice and request for comment is to supplement the information that the United States Mint has received to date from its stakeholders on factors identified as a result of the bureau's research and development efforts on alternative metals for circulating United States coinage. Specifically, we are seeking input on these factors that the United States Mint identified in its Biennial Report to Congress on the Current Status of Coin Production Costs and Analysis of Alternative Content submitted to Congress in December 2012, which is available at the following Web site: https://www.usmint.gov/about_the_mint/PDFs/ United_States_Mint_Report_2012_Biennial_Report_to_the_ Congress_on_the_Current_Status_of_Coin_Production_Costs_and_ Analysis_of_Alternative_Content_December_2012.pdf, These factors include changes in weight, color, electromagnetic signature, environmental impact, and transition/implementation period.

Publication of the inflation adjustment factor, nonconventional source fuel credit, and reference price for calendar year 2013 as required by section 45K of the Internal Revenue Code (26 U.S.C. 45K). The inflation adjustment factor and reference price are used to determine the credit allowable under section 45K for coke or coke gas (other than from petroleum based products) for calendar year 2013.

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 1065 (U.S. Return of Partnership Income), 1065X (Amended Return or Administrative Adjustment Request), Schedule C (Additional Information for Schedule M-3 Filers), Schedule D (Capital Gains and Losses), Schedule K-1 (Partner's Share of Income, Credits, Deductions and Other Items), Schedule L (Balance Sheets per Books), Schedule M-1 (Reconciliation of Income (Loss) per Books With Income (Loss) per Return)), Schedule M-2 (Analysis of Partners' Capital Accounts), Schedule M-3 (Net Income (Loss) Reconciliation for Certain Partnerships), and Schedule B-1, Information on Partners Owning 50% or More of Partnerships).

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)). The IRS is soliciting comments concerning information collection requirements related to Revenue Procedure 2005-24, waiver of spousal election, and Notice 2006-15, extension of June 28, 2005, safe harbor date.

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 April 8, 2014. Date: April 8, 2014. Time: 2:00 p.m. to 4:00 p.m. Location: This meeting will occur 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: Discussion of potential recommendation to change the reverse design of the American Eagle Silver $1 Bullion Coin, and discussion and potential recommendation to recommend designs for national medals. 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 U.S. Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is publishing the name of one individual whose property and interests in property has been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (``Kingpin Act'') (21 U.S.C. 1901-1908, 8 U.S.C. 1182).

This document contains corrections to final regulations (TD 9644) that were published in the Federal Register on Monday, December 2, 2013 (78 FR 72394). The final regulations provide guidance on the general application of the Net Investment Income Tax and the computation of Net Investment Income.