Department of Treasury May 28, 2009 – Federal Register Recent Federal Regulation Documents

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 June 3, 2009.

This document contains final regulations that provide guidance regarding the information reporting requirements contained in section 6045(e) of the Internal Revenue Code (Code) on sales or exchanges of standing timber for lump-sum (outright) payments. The final regulations amend Sec. 1.6045-4 of the Income Tax Regulations to require real estate reporting persons, as defined in section 6045(e)(2) of the Code, to report lump-sum payments received by sellers (landowners) for sales or exchanges of standing timber. The final regulations do not change the information reporting requirements that currently apply to sales or exchanges of standing timber for pay-as-cut (contingent) payments under section 6050N of the Code.

The Department of the Treasury's Office of Foreign Assets Control (``OFAC'') is adding a new part to the Code of Federal Regulations to implement Executive Order 13400 of April 26, 2006, ``Blocking Property of Persons in Connection With the Conflict in Sudan's Darfur Region.''