Department of the Treasury March 2015 – Federal Register Recent Federal Regulation Documents

Certain Employee Remuneration in Excess of $1,000,000 Under Internal Revenue Code Section 162(m)
Document Number: 2015-07386
Type: Rule
Date: 2015-03-31
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the deduction limitation for certain employee remuneration in excess of $1,000,000 under the Internal Revenue Code (Code). These regulations affect publicly held corporations.
Period of Limitations on Assessment for Listed Transactions Not Disclosed Under Section 6011
Document Number: 2015-07378
Type: Rule
Date: 2015-03-31
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the exception to the general three-year period of limitations on assessment under section 6501(c)(10) of the Internal Revenue Code (Code) for listed transactions that a taxpayer failed to disclose as required under section 6011. These final regulations affect taxpayers who fail to disclose listed transactions in accordance with section 6011.
Electronic Tax Administration Advisory Committee (ETAAC); Nominations
Document Number: 2015-07336
Type: Notice
Date: 2015-03-31
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Internal Revenue Service (IRS) requests applications of individuals to be considered for selection as members of the Electronic Tax Administration Advisory Committee (ETAAC). Nominations should describe and document the proposed member's qualification for ETAAC membership, including the applicant's knowledge of regulations and the applicant's past or current affiliations and dealings with the particular tax segment or segments of the community that the applicant wishes to represent on the council. Applications will be accepted for current vacancies from qualified individuals and from professional and public interest groups that wish to have representation on ETAAC. Submittal of an application and resume is required. The ETAAC provides an organized public forum for discussion of electronic tax administration issues in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC members convey the public's perception of IRS electronic tax administration activities, offer constructive observations about current or proposed policies, programs, and procedures, and suggest improvements. The IRS seeks a diverse group of individuals to represent various groups including: (1) Tax practitioners and preparers, (2) tax software developers, (3) large and small business, (4) employers and payroll service providers, (5) individual taxpayers, (6) financial industry (payers, payment options and best practices), (7) system integrators or technology providers, (8) digital or online service providers, (9) academic (marketing, sales or technical perspectives), (10) trusts and estates, (11) tax exempt organizations, and (12) state and local governments. This is a volunteer position and members will serve a three-year term on the ETAAC to allow for a rotation in membership which ensures that different perspectives are represented. Travel expenses within government guidelines will be reimbursed. Potential candidates must pass an IRS tax compliance check and Federal Bureau of Investigation (FBI) background investigation.
Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Cuban Assets Control Regulations
Document Number: 2015-07315
Type: Notice
Date: 2015-03-31
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 name of six individuals, 28 entities, and 11 vessels whose property and interests in property have been unblocked pursuant to the Cuban Assets Control Regulations, 31 CFR part 515.
List of Countries Requiring Cooperation With an International Boycott
Document Number: 2015-07309
Type: Notice
Date: 2015-03-31
Agency: Office of the Secretary, Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2015-07306
Type: Notice
Date: 2015-03-31
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2015-07291
Type: Notice
Date: 2015-03-31
Agency: Department of the Treasury
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Submission for OMB Review; Comment Request
Document Number: 2015-07063
Type: Notice
Date: 2015-03-27
Agency: Department of the Treasury
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Collection; Comment Request for Revenue Procedure
Document Number: 2015-06708
Type: Notice
Date: 2015-03-24
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)). The IRS is soliciting comments concerning information collection requirements related to and disclosure with the SEC.
Proposed Collection; Comment Request for Regulation Project
Document Number: 2015-06706
Type: Notice
Date: 2015-03-24
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 applicable conventions under the accelerated cost recovery system.
Minority Depository Institutions Advisory Committee
Document Number: 2015-06681
Type: Notice
Date: 2015-03-24
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 Minority Depository Institutions Advisory Committee (MDIAC).
Submission for OMB Review; Comment Request
Document Number: 2015-06679
Type: Notice
Date: 2015-03-24
Agency: Department of the Treasury
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance, in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Additional Designations, Foreign Narcotics Kingpin Designation Act
Document Number: 2015-06618
Type: Notice
Date: 2015-03-24
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 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).
Proposed Collection; Comment Request for Regulation Project
Document Number: 2015-06500
Type: Notice
Date: 2015-03-23
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)). The IRS is soliciting comments concerning third-party disclosure requirements in IRS regulations.
Agency Information Collection Activities; Proposals, Submissions, and Approvals
Document Number: 2015-06233
Type: Notice
Date: 2015-03-18
Agency: Community Development Financial Institutions Fund, 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 comment on proposed 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 Community Development Financial Institutions Fund (CDFI Fund), Department of the Treasury, is soliciting comments concerning an evaluation of the CDFI Fund's Bank Enterprise Award (BEA) Program.
Amendments to Excepted Benefits
Document Number: 2015-06066
Type: Rule
Date: 2015-03-18
Agency: Employee Benefits Security Administration, Department of Labor, Department of Health and Human Services, Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code, and the Public Health Service Act to specify requirements for limited wraparound coverage to qualify as an excepted benefit. Excepted benefits are generally exempt from the requirements that were added to those laws by the Health Insurance Portability and Accountability Act and the Affordable Care Act.
Internal Revenue Service
Document Number: 2015-06073
Type: Notice
Date: 2015-03-17
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)). The IRS is soliciting comments concerning information collection requirements related to branded prescription drug fee.
Proposed Collection; Comment Request for Form 8845
Document Number: 2015-06071
Type: Notice
Date: 2015-03-17
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 8845, Indian Employment Credit.
Proposed Collection; Comment Request for Form 4419
Document Number: 2015-06070
Type: Notice
Date: 2015-03-17
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, Pub. L. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 4419, Application for Filing Information Returns Electronically (FIRE).
Submission for OMB Review; Comment Request
Document Number: 2015-06059
Type: Notice
Date: 2015-03-17
Agency: Department of the Treasury
Sanctions Actions Pursuant to Executive Orders 13660 and 13685
Document Number: 2015-06056
Type: Notice
Date: 2015-03-17
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 sixteen persons whose property and interests in property are blocked pursuant to one or more of the following authorities: Executive Order (E.O.) 13660 and E.O. 13685.
Privacy Act of 1974, as Amended; System of Records
Document Number: 2015-06023
Type: Notice
Date: 2015-03-17
Agency: Department of the Treasury, Bureau of Engraving and Printing
In accordance with the Privacy Act of 1974, 5 U.S.C. 552a, the Department of the Treasury, Bureau of Engraving and Printing, proposes to establish a new Privacy Act system of records titled ``Treasury/BEP .050Use of Shredded U.S. Currency System''.
Privacy Act of 1974; Implementation
Document Number: 2015-06021
Type: Rule
Date: 2015-03-17
Agency: Office of the Secretary, Department of the Treasury
In accordance with the Privacy Act of 1974, as amended, the Department of the Treasury (Treasury) gives notice of an amendment to update its Privacy Act regulations to add an exemption from certain provisions of the Privacy Act for a system of records related to the Internal Revenue Service Return Preparer Office.
Proposed Collection
Document Number: 2015-06006
Type: Notice
Date: 2015-03-17
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 the Implementation and redesign of Form 990.
Submission for OMB Review; Comment Request
Document Number: 2015-06005
Type: Notice
Date: 2015-03-17
Agency: Department of the Treasury
Submission for OMB Review; Comment Request
Document Number: 2015-06004
Type: Notice
Date: 2015-03-17
Agency: Department of the Treasury
Proposed Collection; Comment Request
Document Number: 2015-06003
Type: Notice
Date: 2015-03-17
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 guidance regarding the treatment of certain contingent payment debt instructions with one or more payments that are denominated in, or determined by reference to, a nonfunctional currency.
Proposed Information Collection; Comment Request
Document Number: 2015-06002
Type: Notice
Date: 2015-03-17
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)).
Recruitment Notice for the Taxpayer Advocacy Panel; Correction
Document Number: 2015-05999
Type: Notice
Date: 2015-03-17
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
In the Federal Register notice that was originally published on March 9, 2015, (80 FR 12549) the application period is incorrect. The application period should be from March 9, 2015, through April 20, 2015. Notice of Open Season for Recruitment of IRS Taxpayer Advocacy Panel (TAP) Members.
Additional Identifying Information Associated With Perons Whose Property and Interests in Property Are Blocked Pursuant to the Executive Order of March 9, 2015, “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela”
Document Number: 2015-05928
Type: Notice
Date: 2015-03-16
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 additional identifying information associated with the seven individuals listed in the Annex to the Executive Order of March 9, 2015, ``Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela,'' whose property and interests in property have been blocked.
Submission for OMB Review; Comment Request
Document Number: 2015-05904
Type: Notice
Date: 2015-03-16
Agency: Department of the Treasury
Imposition of Sanctions Pursuant to Executive Order 13687 on January 2, 2015
Document Number: 2015-05398
Type: Notice
Date: 2015-03-16
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 10 individuals and three entities whose property and interests in property are blocked pursuant to Executive Order 13687 of January 2, 2015, ``Imposing Additional Sanctions With Respect To North Korea.''
Notice of Finding That Banca Privada d'Andorra Is a Financial Institution of Primary Money Laundering Concern
Document Number: 2015-05911
Type: Notice
Date: 2015-03-13
Agency: Department of the Treasury
This document provides notice that, pursuant to the authority contained in the USA PATRIOT Act, the Director of FinCEN found on March 6, 2015 that reasonable grounds exist for concluding that Banca Privada d'Andorra (``BPA'') is a financial institution operating outside of the United States of primary money laundering concern.
Sanctions Actions Pursuant to Executive Order 13224
Document Number: 2015-05774
Type: Notice
Date: 2015-03-13
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (OFAC) is publishing the name of 3 individuals and 3 entities whose property and interests in property are blocked pursuant to E.O. 13224 and whose name has been added to OFAC's list of Specially Designated Nationals and Blocked Persons (SDN List).
Sanctions Actions Pursuant to Executive Order 13224
Document Number: 2015-05771
Type: Notice
Date: 2015-03-13
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (OFAC) is removing the name of 1 individual and 8 entities, whose property and interests in property were blocked pursuant to E.O.13224, from the list of Specially Designated Nationals and Blocked Persons (SDN List).
Submission for OMB Review; Comment Request
Document Number: 2015-05739
Type: Notice
Date: 2015-03-13
Agency: Department of the Treasury
Imposition of Special Measure against Banca Privada d'Andorra as a Financial Institution of Primary Money Laundering Concern
Document Number: 2015-05724
Type: Proposed Rule
Date: 2015-03-13
Agency: Department of the Treasury, Financial Crimes Enforcement Network
In a finding, notice of which is published elsewhere in this issue of the Federal Register (``Notice of Finding''), the Director of FinCEN found that Banca Privada d'Andorra (``BPA'') is a financial institution operating outside of the United States that is of primary money laundering concern. FinCEN is issuing this notice of proposed rulemaking (``NPRM'') to propose the imposition of a special measure against BPA.
Proposed Collection; Comment Request for Forms 9779, 9783, 9787, and 9789
Document Number: 2015-05660
Type: Notice
Date: 2015-03-13
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, Pub. L. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Forms 9779, 9783, 9787, and 9789, Electronic Federal Tax Payment System (EFTPS).
Reporting of Original Issue Discount on Tax-Exempt Obligations; Basis and Transfer Reporting by Securities Brokers for Debt Instruments and Options
Document Number: 2015-05654
Type: Proposed Rule
Date: 2015-03-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to information reporting by brokers for transactions involving debt instruments and options, including the reporting of original issue discount (OID) and acquisition premium on tax-exempt obligations, the treatment of certain holder elections for reporting a taxpayer's adjusted basis in a debt instrument, and transfer reporting for section 1256 options and debt instruments. The text of those regulations also serves as the text of these proposed regulations.
Reporting for Premium; Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options
Document Number: 2015-05648
Type: Rule
Date: 2015-03-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to information reporting by brokers for bond premium and acquisition premium. This document also contains final and temporary regulations relating to information reporting by brokers for transactions involving debt instruments and options, including the reporting of original issue discount (OID) on tax-exempt obligations, the treatment of certain holder elections for reporting a taxpayer's adjusted basis in a debt instrument, and transfer reporting for section 1256 options and debt instruments. The regulations in this document provide guidance to brokers and payors and to their customers. The text of the temporary regulations in this document also serves as the text of the proposed regulations (REG-143040-14) set forth in the Proposed Rules section in this issue of the Federal Register.
Proposed Collection; Comment Request for Form 56
Document Number: 2015-05663
Type: Notice
Date: 2015-03-12
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 56, Notice Concerning Fiduciary Relationship.
Proposed Information Collections; Comment Request (No. 51)
Document Number: 2015-05657
Type: Notice
Date: 2015-03-12
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.
Additional Requirements for Charitable Hospitals; Community Health Needs Assessments for Charitable Hospitals; Requirements of a Section 4959 Excise Tax Return and Time for Filing the Return; Correction
Document Number: 2015-05520
Type: Rule
Date: 2015-03-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9708) that were published in the Federal Register on December 31, 2014 (79 FR 78954). The final regulations provide guidance regarding the requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act of 2010.
Additional Requirements for Charitable Hospitals; Community Health Needs Assessments for Charitable Hospitals; Requirements of a Section 4959 Excise Tax Return and Time for Filing the Return; Correction
Document Number: 2015-05519
Type: Rule
Date: 2015-03-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9708) that were published in the Federal Register on December 31, 2014 (79 FR 78954). The final regulations provide guidance regarding the requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act of 2010.
Application for Recognition as a 501(c)(29) Organization; Correction
Document Number: 2015-05518
Type: Rule
Date: 2015-03-11
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9709) that were published in the Federal Register on January 29, 2015 (79 FR 4791). The final regulations authorize the IRS to prescribe the procedure by which certain entities may apply to the IRS for recognition of exemption from Federal income tax.
Sanctions Actions Pursuant to Executive Orders 13382, 13572, 13573, 13582, and 13608
Document Number: 2015-05396
Type: Notice
Date: 2015-03-09
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 37 persons whose property and interests in property are blocked pursuant to one or more of the following authorities: Executive Order (E.O.) 13382, E.O. 13572, E.O. 13573, and E.O. 13582. OFAC is also publishing the names of six persons upon which measures have also been imposed pursuant to E.O. 13608.
Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee
Document Number: 2015-05365
Type: Notice
Date: 2015-03-09
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 Special Projects Committee
Document Number: 2015-05364
Type: Notice
Date: 2015-03-09
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Special Projects 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: 2015-05363
Type: Notice
Date: 2015-03-09
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: 2015-05361
Type: Notice
Date: 2015-03-09
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.