Department of Treasury February 25, 2005 – Federal Register Recent Federal Regulation Documents

Financial Literacy and Education Commission's National Strategy Information Gathering Public Meetings
Document Number: 05-3821
Type: Notice
Date: 2005-02-25
Agency: Department of the Treasury, Department of Treasury
This notice announces six information-gathering public meetings to be held at various locations on behalf of a financial education national strategy working group of the Financial Literacy and Education Commission (Commission), established by the Financial Literacy and Education Improvement Act (Title V of the Fair and Accurate Credit Transactions Act of 2003).
Real Estate Mortgage Investment Conduits
Document Number: 05-3697
Type: Rule
Date: 2005-02-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the application of the unified partnership audit procedures to disputes regarding the ownership of residual interests in a Real Estate Mortgage Investment Conduit (REMIC). These regulations will affect taxpayers that invest in REMIC residual interests.
Proposed Collection; Comment Request for Regulation Project
Document Number: 05-3696
Type: Notice
Date: 2005-02-25
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 existing final regulations, REG-208156-91 (TD 8929), Accounting for Long-Term Contracts (Sec. 1.460-1).
Proposed Collection; Comment Request for Forms 4070, 4070A, 4070PR, and 4070A-PR
Document Number: 05-3694
Type: Notice
Date: 2005-02-25
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 4070, Employee's Report of Tips to Employer, Form 4070A, Employee's Daily Record of Tips; Forma 4070PR, Informe al Patrono de Propinas Recibidas por el Empleado; Forma 4070A-PR, Registro Diario de Propinas del Empleado.
Proposed Collection; Comment Request for Revenue Procedure 2002-15
Document Number: 05-3693
Type: Notice
Date: 2005-02-25
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 Revenue procedure 2002-15, Automatic Relief for Late Initial Entity Classification ElectionsCheck the Box.
Art Advisory Panel-Notice of Availability of Report of 2004 Closed Meetings
Document Number: 05-3692
Type: Notice
Date: 2005-02-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Pursuant to 5 U.S.C. app. I section 10(d), of the Federal Advisory Committee Act, and 5 U.S.C. section 552b, the Government in the Sunshine Act, a report summarizing the closed meeting activities of the Art Advisory Panel during 2004 has been prepared. A copy of this report has been filed with the Assistant Secretary of the Treasury for Management.
Submission for OMB Review; Comment Request
Document Number: 05-3653
Type: Notice
Date: 2005-02-25
Agency: Department of the Treasury, Department of Treasury
Submission for OMB Review; Comment Request
Document Number: 05-3652
Type: Notice
Date: 2005-02-25
Agency: Department of the Treasury, Department of Treasury
Cuban Assets Control Regulations
Document Number: 05-3651
Type: Rule
Date: 2005-02-25
Agency: Department of the Treasury, Office of Foreign Assets Control, Foreign Assets Control Office, Department of Treasury
The Office of Foreign Assets Control (``OFAC'') of the U.S. Department of the Treasury is amending the Cuban Assets Control Regulations, 31 CFR part 515 (the ``CACR''), to clarify the meaning of the term ``payment of cash in advance,'' which is used in the restrictions on payment and financing terms for authorized exports from the United States to Cuba.
Qualified Interests
Document Number: 05-3589
Type: Rule
Date: 2005-02-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations amending the regulations under the gift tax special valuation rules to provide that a unitrust or annuity interest payable for a specified term of years to the grantor, or to the grantor's estate if the grantor dies prior to the expiration of the term, is a qualified interest for the specified term. The final regulations also clarify that the exception treating a spouse's revocable successor interest as a retained qualified interest applies only if the spouse's annuity or unitrust interest, standing alone, would constitute a qualified interest that meets the requirements of Sec. 25.2702-3(d)(3), but for the grantor's revocation power.
Reorganizations Under Section 368(a)(1)(E) and Section 368(a)(1)(F)
Document Number: 05-3588
Type: Rule
Date: 2005-02-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations regarding reorganizations under section 368(a)(1)(E) and section 368(a)(1)(F) of the Internal Revenue Code. The regulations affect corporations and their shareholders.
Modification of Check the Box
Document Number: 05-3587
Type: Rule
Date: 2005-02-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations that clarify that qualified REIT subsidiaries, qualified subchapter S subsidiaries, and single owner eligible entities that are disregarded as entities separate from their owners are treated as separate entities for purposes of any Federal tax liability for which the entity is liable. These regulations affect disregarded entities that are liable for Federal taxes with respect to tax periods during which they were not disregarded or because they are successors or transferees of taxable entities.