Department of Treasury January 7, 2008 – Federal Register Recent Federal Regulation Documents

S Corporation Guidance Under AJCA of 2004 and GOZA of 2005; Hearing Cancellation
Document Number: E8-24
Type: Proposed Rule
Date: 2008-01-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on proposed regulations that provide guidance regarding certain changes made to the rules governing S corporations under the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.
Departmental Offices; Proposed Collection; Comment Request
Document Number: E7-25649
Type: Notice
Date: 2008-01-07
Agency: Department of the Treasury, Department of Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on an information collection that is due for extension approval by the Office of Management and Budget. The Office of International Affairs within the Department of the Treasury is soliciting comments concerning the collection of data for the Annual Report of Foreign-Residents' Holdings of U.S. Securities, including Selected Money Market Instruments. The next such collection is to be conducted as of June 30, 2008.
Unblocking of Specially Designated Narcotics Trafficker Pursuant to Executive Order 12978
Document Number: E7-25591
Type: Notice
Date: 2008-01-07
Agency: Department of the Treasury, Office of Foreign Assets Control, Foreign Assets Control Office, Department of Treasury
The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the name of three 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.
Guidance Regarding Marketing of Refund Anticipation Loans (RALs) and Certain Other Products in Connection With the Preparation of a Tax Return
Document Number: 08-2
Type: Proposed Rule
Date: 2008-01-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document describes rules that the Treasury Department and the IRS are considering proposing, in a notice of proposed rulemaking, regarding the disclosure and use of tax return information by tax return preparers. The rules would apply to the marketing of refund anticipation loans (RALs) and certain other products in connection with the preparation of a tax return and, as an exception to the general principle that taxpayers should have control over their tax return information that is reflected in final regulations published in T.D. 9375, which is published elsewhere in this issue of the Federal Register, provide that a tax return preparer may not obtain a taxpayer's consent to disclose or use tax return information for the purpose of soliciting taxpayers to purchase such products. This document invites comments from the public regarding these contemplated rules. All materials submitted will be available for public inspection and copying.
Guidance Necessary To Facilitate Electronic Tax Administration-Updating of Section 7216 Regulations
Document Number: 08-1
Type: Rule
Date: 2008-01-07
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains regulations to update the rules regarding the disclosure and use of tax return information by tax return preparers. Among other things, the regulations finalize rules for taxpayers to consent to the disclosure or use of their tax return information by tax return preparers.