Department of Treasury November 2011 – Federal Register Recent Federal Regulation Documents

Proposed Collection; Comment Request for Form
Document Number: 2011-28823
Type: Notice
Date: 2011-11-08
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 Request for Closing Agreement Relating to Advance Refunding Issue Under Sections 148 and 7121 and Revenue Procedure 96-41.
Proposed Collection; Comment Request for Regulation Project
Document Number: 2011-28822
Type: Notice
Date: 2011-11-08
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 income attributable to domestic production activities.
Proposed Collection; Comment Request for Regulation Project
Document Number: 2011-28821
Type: Notice
Date: 2011-11-08
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 substantiation and reporting requirements for cash and noncash charitable contribution deductions.
Proposed Collection; Comment Request for Regulation Project
Document Number: 2011-28819
Type: Notice
Date: 2011-11-08
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 Tax Shelter Regulations.
New Markets Tax Credit Program
Document Number: 2011-28687
Type: Notice
Date: 2011-11-07
Agency: Community Development Financial Institutions Fund, Department of Treasury, Department of the Treasury
This notice invites comments from the public regarding the New Markets Tax Credit (NMTC) Program, which is jointly administered by the Community Development Financial Institutions Fund (CDFI Fund) and the Internal Revenue Service (IRS). All materials submitted will be available for public inspection and copying.
Funds Availability (NOFA) Inviting Applications for the Community Development Financial Institutions (CDFI) Program FY 2012 Funding Round (the FY 2012 Funding Round)
Document Number: 2011-28684
Type: Notice
Date: 2011-11-07
Agency: Community Development Financial Institutions Fund, Department of Treasury, Department of the Treasury
Executive Summary: Subject to funding availability, this NOFA is issued in connection with the FY 2012 Funding Round of the CDFI Program, administered by the Community Development Financial Institutions (CDFI) Fund.
Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
Document Number: 2011-27184
Type: Proposed Rule
Date: 2011-11-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Board of Governors of the Federal Reserve System
The OCC, Board, FDIC, and SEC (individually, an ``Agency,'' and collectively, ``the Agencies'') are requesting comment on a proposed rule that would implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'') which contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund.
Tax Return Preparer Penalties Under Section 6695; Hearing Cancellation
Document Number: 2011-28660
Type: Proposed Rule
Date: 2011-11-04
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on notice of proposed rulemaking and notice of public hearing (REG-140280-09) that would modify existing regulations related to the tax return preparer penalties under section 6695 of the Internal Revenue Code.
Tax Accounting Elections on Behalf of Foreign Corporations
Document Number: 2011-28658
Type: Proposed Rule
Date: 2011-11-04
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
These proposed regulations would clarify the rules for controlling domestic shareholders to adopt or change a method of accounting or taxable year on behalf of a foreign corporation. The regulations affect United States persons that own stock in certain foreign corporations.
Proposed Revision to Vintage Date Requirements
Document Number: 2011-28645
Type: Proposed Rule
Date: 2011-11-04
Agency: Alcohol and Tobacco Tax and Trade Bureau, Department of Treasury, Department of the Treasury
The Alcohol and Tobacco Tax and Trade Bureau proposes to amend its wine labeling regulations to allow a vintage date to appear on a wine that is labeled with a country as an appellation of origin. The proposal would provide greater grape sourcing and wine labeling flexibility to winemakers, both domestic and foreign, while still ensuring that consumers are provided with adequate information as to the identity and quality of the wines they purchase.
Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System
Document Number: 2011-28589
Type: Notice
Date: 2011-11-04
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
The Department of the Treasury (Treasury) is announcing a new fee schedule applicable to transfers of U.S. Treasury book-entry securities maintained on the National Book-Entry System (NBES) that occur on or after January 3, 2012.
Income of Foreign Governments and International Organizations
Document Number: 2011-28531
Type: Proposed Rule
Date: 2011-11-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed Income Tax Regulations that provide guidance relating to the taxation of the income of foreign governments from investments in the United States under section 892 of the Internal Revenue Code of 1986 (Code). The regulations will affect foreign governments that derive income from sources within the United States.
United States-Peru Trade Promotion Agreement
Document Number: 2011-28471
Type: Rule
Date: 2011-11-03
Agency: Department of Homeland Security, U.S. Customs and Border Protection, Department of the Treasury, Department of Treasury
This rule amends the U.S. Customs and Border Protection (CBP) regulations on an interim basis to implement the preferential tariff treatment and other customs-related provisions of the United States- Peru Trade Promotion Agreement.
Additional Designations, Foreign Narcotics Kingpin Designation Act
Document Number: 2011-28390
Type: Notice
Date: 2011-11-02
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 2 entities and 3 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).
Notification of Expanded Pricing Grid for Precious Metals Products Containing Platinum and Gold-Excluding Commemorative Gold Coins
Document Number: 2011-28354
Type: Notice
Date: 2011-11-02
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint published a document in the Federal Register on January 6, 2009, outlining the new pricing methodology for numismatic products containing platinum and gold. Since that time, the price of platinum and gold has increased considerably, and is approaching the upper bracket of the pricing grid. As a result, it is necessary to expand the pricing grid by adding additional pricing brackets.
Pricing for the American Eagle 25th Anniversary Silver Coin Set
Document Number: 2011-28327
Type: Notice
Date: 2011-11-02
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing the price of the American Eagle 25th Anniversary Silver Coin Set. The coin set will be offered for sale at a price of $299.95.
List of Countries Requiring Cooperation With an International Boycott
Document Number: 2011-28310
Type: Notice
Date: 2011-11-02
Agency: Office of the Secretary, Department of the Treasury, Department of Treasury
Extending Religious and Family Member FICA and FUTA Exceptions To Disregard Entities
Document Number: 2011-28177
Type: Proposed Rule
Date: 2011-11-01
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 to extend the exceptions from taxes under the Federal Insurance Contributions Act (``FICA'') and the Federal Unemployment Tax Act (``FUTA'') under sections 3121(b)(3), 3127, and 3306(c)(5) to entities that are disregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406. The text of those regulations also serves as the text of these proposed regulations.
Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities
Document Number: 2011-28176
Type: Rule
Date: 2011-11-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final and temporary regulations amending 26 CFR parts 31 and 301. These regulations extend the exceptions from taxes under the Federal Insurance Contributions Act (``FICA'') and the Federal Unemployment Tax Act (``FUTA'') under sections 3121(b)(3) (concerning individuals who work for certain family members), 3127 (concerning members of religious faiths), and 3306(c)(5) (concerning persons employed by children and spouses and children under 21 employed by their parents) of the Internal Revenue Code (``Code'') to entities that are disregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register.
Advisory Group to the Commissioner of Internal Revenue; Renewal of Charter
Document Number: 2011-28171
Type: Notice
Date: 2011-11-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Charter for the Information Reporting Program Advisory Committee (IRPAC), has been renewed for a two-year period beginning October 20, 2011.