Department of Treasury December 2008 – Federal Register Recent Federal Regulation Documents

Surety Companies Acceptable on Federal Bonds: Allegheny Surety Company
Document Number: E8-28890
Type: Notice
Date: 2008-12-09
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 5 to the Treasury Department Circular 570, 2008 Revision, published July 1, 2008, at 73 FR 37644.
Additional Designation of Four Individuals Pursuant to Executive Order 13224
Document Number: E8-28944
Type: Notice
Date: 2008-12-08
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 four newly-designated individuals 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.''
Submission for OMB Review; Comment Request
Document Number: E8-28943
Type: Notice
Date: 2008-12-08
Agency: Department of the Treasury, Department of Treasury
Savings and Loan Holding Company Registration Statement-H-(b)10
Document Number: E8-28895
Type: Notice
Date: 2008-12-08
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal.
Further Guidance on the Application of Section 409A to Nonqualified Deferred Compensation Plans
Document Number: E8-28894
Type: Proposed Rule
Date: 2008-12-08
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations on the calculation of amounts includible in income under section 409A(a) and the additional taxes imposed by such section with respect to service providers participating in certain nonqualified deferred compensation plans. The regulations would affect such service providers and the service recipients for whom the service providers provide services. This document also provides a notice of public hearing on these proposed regulations.
Office of Investment Security; Guidance Concerning the National Security Review Conducted by the Committee on Foreign Investment in the United States
Document Number: E8-28791
Type: Notice
Date: 2008-12-08
Agency: Department of the Treasury, Department of Treasury
This notice provides guidance to U.S. businesses and foreign persons that are parties to transactions that are covered by section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007, and the regulations at 31 CFR part 800. The guidance is issued pursuant to section 721(b)(2)(E), which requires the Chairperson of the Committee on Foreign Investment in the United States to publish guidance regarding the types of transactions that it has reviewed and that have presented national security considerations.
Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Exemptions from the Requirement to Report Transactions in Currency
Document Number: E8-28858
Type: Rule
Date: 2008-12-05
Agency: Department of the Treasury, Department of Treasury
FinCEN is issuing this final rule to amend the Bank Secrecy Act (BSA) regulation that allows depository institutions to exempt transactions of certain persons from the requirement to report transactions in currency in excess of $10,000. Modification of the exemption procedures is a part of the Department of the Treasury's continuing effort to increase the efficiency and effectiveness of its anti-money laundering and counter-terrorist financing policies.
Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Suspicious Activity Report by the Securities and Futures Industry
Document Number: E8-28804
Type: Notice
Date: 2008-12-05
Agency: Department of the Treasury, Department of Treasury
FinCEN invites comment on a renewal without change of an information collection contained in the form, ``Suspicious Activity Report by the Securities and Futures Industry (SAR-SF).'' The form will be used by the securities and futures industry to report suspicious activity to the Department of the Treasury. This request for comments also covers 31 CFR 103.17 and 31 CFR 103.19. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).
Withholding Under Internal Revenue Code Section 3402(t)
Document Number: E8-28789
Type: Proposed Rule
Date: 2008-12-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations relating to withholding under section 3402(t) of the Internal Revenue Code (Code). The proposed regulations reflect changes in the law made by the Tax Increase Prevention and Reconciliation Act of 2005 that require Federal, State, and local government entities to withhold income tax when making payments to persons providing property or services. These proposed regulations provide guidance to assist the government entities in complying with section 3402(t). The regulations also provide certain guidance to persons receiving payments for property or services from government entities. This document also contains proposed amendments to regulations under sections 3406, 6011, 6051, 6071, and 6302 of the Code.
Iranian Transactions Regulations
Document Number: E8-28711
Type: Rule
Date: 2008-12-04
Agency: Department of the Treasury, Office of Foreign Assets Control, Foreign Assets Control Office, Department of Treasury
The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is amending the Iranian Transactions Regulations to expand the scope of Appendix A to Part 560 to include non-financial as well as financial institutions determined to be owned or controlled by the Government of Iran, and to add to the appendix three non-financial institutions that have been determined to be owned or controlled by the Government of Iran: The National Iranian Oil Company (a.k.a. NIOC), Naftiran Intertrade Company Ltd (a.k.a. NICO), and Naftiran Intertrade Co. (NICO) Sarl.
Downey Savings and Loan Association, F.A.; Newport Beach, CA; Notice of Appointment of Receiver
Document Number: E8-28624
Type: Notice
Date: 2008-12-04
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
Additional Designations Pursuant to Executive Order 13469 of July 25, 2008 “Blocking Property of Additional Persons Undermining Democratic Processes or Institutions in Zimbabwe” (the “Order”)
Document Number: E8-28642
Type: Notice
Date: 2008-12-03
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 names of twenty-one newly-designated entities and four individuals whose property and interests in property are blocked pursuant to the Order.
PFF Bank & Trust, Pomona, CA; Notice of Appointment of Receiver
Document Number: E8-28484
Type: Notice
Date: 2008-12-03
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
Procedure and Administration; Tax Shelter Registration; Correction
Document Number: E8-28525
Type: Rule
Date: 2008-12-02
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains a correction to temporary regulations (TD 7964) that were published in the Federal Register on Wednesday, August 15, 1984 (49 FR 32712) relating to tax shelter registration. In addition, the text of the temporary regulations set forth in this document also serves as the text of the proposed regulations cross- referenced in the Notice of Proposed Rulemaking in the Proposed Rules section of this issue of the Federal Register. Changes to the applicable tax law were made by the Tax Reform Act of 1984. The regulations affect organizers, sellers, investors and certain other persons associated with investments that are considered tax shelters.
Proposed Collection; Comment Request for REG-106486-98 (TD 9157-Final)
Document Number: E8-28524
Type: Notice
Date: 2008-12-02
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 REG-106486-98 (TD 9157- Final), 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.
Internal Revenue Service
Document Number: E8-28523
Type: Notice
Date: 2008-12-02
Agency: Department of the Treasury, Internal Revenue Service, Department of 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 TE/GE Compliance Check Questionnaires.
Determining the Amount of Taxes Paid for Purposes of Section 901; Hearing Cancellation
Document Number: E8-28522
Type: Proposed Rule
Date: 2008-12-02
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on proposed rulemaking by cross-reference to temporary regulations that provide guidance relating to the determination of the purposes of the foreign tax credits. The text of those temporary regulations also serves as the text of these proposed regulations.
Unblocking of Specially Designated Narcotics Traffickers Pursuant to Executive Order 12978
Document Number: E8-28516
Type: Notice
Date: 2008-12-02
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 names of five 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.
Proposed Collection; Comment Request for Revenue Procedure 2008-60
Document Number: E8-28515
Type: Notice
Date: 2008-12-02
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 2008-60, Election Involving the Repeal of the Bonding Requirement under Sec. 42(j)(6).
Proposed Collection; Comment Request for Rev. Proc 2005-51
Document Number: E8-28514
Type: Notice
Date: 2008-12-02
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 Rev. Proc 2005-51, Revenue Procedures regarding I.R.C. 6707A(e) and Disclosure with the SEC.
Internal Revenue Service
Document Number: E8-28513
Type: Notice
Date: 2008-12-02
Agency: Department of the Treasury, Internal Revenue Service, Department of 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 4029, Application for Exemption from Social Security and Medicare Taxes and Waiver of Benefits.
Proposed Collection; Comment Request for Regulation Project
Document Number: E8-28512
Type: Notice
Date: 2008-12-02
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 an existing proposed regulations, REG-105847-05, Income Attributable to Domestic Production Activities.
Proposed Collection; Comment Request for Form 4419
Document Number: E8-28511
Type: Notice
Date: 2008-12-02
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 4419, Application for Filing Information Returns Magnetically/ Electronically.