Department of Treasury January 2012 – Federal Register Recent Federal Regulation Documents

Proposed Collection; Comment Request for Form 8939
Document Number: 2012-1971
Type: Notice
Date: 2012-01-31
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 8939, Allocation of Increase in Basis for Property Acquired From a Decedent.
Proposed Collection; Comment Request for Form 8932
Document Number: 2012-1723
Type: Notice
Date: 2012-01-27
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 8932, Credit for Employer Differential Wage Payments.
Agency Information Collection Activity; Proposed Collection
Document Number: 2012-1721
Type: Notice
Date: 2012-01-27
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)).
Proposed Collection; Comment Request for Form 8832
Document Number: 2012-1719
Type: Notice
Date: 2012-01-27
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 8832, Entity Classification Election.
Agency Information Collection Activity; Proposed Collection
Document Number: 2012-1718
Type: Notice
Date: 2012-01-27
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)).
Proposed Collection; Comment Request for Form 8725
Document Number: 2012-1717
Type: Notice
Date: 2012-01-27
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 8725, Excise Tax on Greenmail.
Proposed Collection; Comment Request for Form 1120X
Document Number: 2012-1716
Type: Notice
Date: 2012-01-27
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 1120X, Amended U.S. Corporation Income Tax Return.
Prices for 2012 Infantry Soldier Silver Dollar and 2012 Star-Spangled Banner Commemorative Coin Program Products
Document Number: 2012-1599
Type: Notice
Date: 2012-01-26
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing pricing for the 2012 Infantry Soldier Silver Dollar and 2012 Star-Spangled Banner Commemorative Coin Program products. Prices for the silver products are in the table below. The attached grid is the pricing for products that include gold coins based on the market price of gold.
Information Reporting by Passport Applicants
Document Number: 2012-1567
Type: Proposed Rule
Date: 2012-01-26
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations that provide information reporting rules for certain passport applicants. These regulations do not provide information reporting rules for individuals applying to become permanent residents (green card holders). This document also withdraws the notice of proposed rulemaking (57 FR 61373) published in the Federal Register on December 24, 1992.
Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction
Document Number: 2012-895
Type: Rule
Date: 2012-01-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9568), which were published in the Federal Register on Thursday, December 22, 2011 (76 FR 80082), Relating to section 482 and methods to determine taxable income in connection with a cost sharing arrangement.
Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction
Document Number: 2012-894
Type: Rule
Date: 2012-01-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9568), which were published in the Federal Register on Thursday, December 22, 2011 (76 FR 80082), Relating to section 482 and methods to determine taxable income in connection with a cost sharing arrangement.
Proposed Collection; Comment Request for Notice 2011-74
Document Number: 2012-1410
Type: Notice
Date: 2012-01-25
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 Notice 2011-74, Vermont Low-Income Housing Relief Credit.
Proposed Collection; Comment Request for Regulation Project
Document Number: 2012-1407
Type: Notice
Date: 2012-01-25
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 debt instruments with original discount; imputed interest on deferred payment sales or exchanges of property.
Annual Stress Test
Document Number: 2012-1274
Type: Proposed Rule
Date: 2012-01-24
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
This proposed rule would implement section 165(i) of the Dodd- Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'') which requires certain companies to conduct annual stress tests pursuant to regulations prescribed by their respective primary financial regulatory agencies. Specifically, this proposed rule would require national banks and Federal savings associations with total consolidated assets of more than $10 billion to conduct an annual stress test as prescribed by this proposed rule. In addition to the annual stress test requirement, such institutions would be subject to certain reporting and disclosure requirements.
Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Hearing
Document Number: 2012-1256
Type: Proposed Rule
Date: 2012-01-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document changes the date of a public hearing on proposed regulations relating to the deduction and capitalization of expenditures related to tangible property.
Damages Received on Account of Personal Physical Injuries or Physical Sickness
Document Number: 2012-1255
Type: Rule
Date: 2012-01-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the exclusion from gross income for amounts received on account of personal physical injuries or physical sickness. The final regulations reflect amendments under the Small Business Job Protection Act of 1996. The final regulations affect taxpayers receiving damages on account of personal physical injuries or physical sickness and taxpayers paying these damages.
Determination of Governmental Plan Status
Document Number: 2012-1253
Type: Proposed Rule
Date: 2012-01-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document announces a public hearing on proposed regulations, (REG-157714-06) relating to the determination of governmental plans.
Indian Tribal Government Plans
Document Number: 2012-1252
Type: Proposed Rule
Date: 2012-01-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document announces a public hearing on proposed regulations, (REG-133223-08) relating to Indian tribal government plans.
Dividend Equivalents From Sources Within the United States
Document Number: 2012-1234
Type: Rule
Date: 2012-01-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains temporary regulations relating to dividend equivalents for purposes of section 871(m) of the Internal Revenue Code (Code). The regulations provide guidance to nonresident aliens and foreign corporations that hold notional principal contracts (NPCs) providing for payments determined by reference to payments of dividends from sources within the United States. 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.
Dividend Equivalents From Sources Within the United States
Document Number: 2012-1231
Type: Proposed Rule
Date: 2012-01-23
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 that provide guidance on the definition of the term ``specified notional principal contract'' for purposes of section 871(m) of the Internal Revenue Code (Code) beginning after March 18, 2012 through December 31, 2012. The text of those regulations also serves as the text of the proposed regulations. The preamble to the temporary regulations explains the amendments added by the temporary regulations. The preamble to this notice of proposed rulemaking explains the proposed regulations, which provide guidance to nonresident aliens and foreign corporations that hold certain financial products providing for payments that are contingent upon or determined by reference to payments of dividends from sources within the United States. This document also provides a notice of a public hearing on these proposed regulations.
Pricing for 2012 Annual Sets and America the Beautiful Quarters® Bags & Rolls
Document Number: 2012-1024
Type: Notice
Date: 2012-01-20
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing 2012 pricing for annual sets and the America the Beautiful Quarters[supreg] Bags and Rolls. Please see the table below.
Agency Information Collection Activities: Proposed Information Collection; Comment Request
Document Number: 2012-1018
Type: Notice
Date: 2012-01-20
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, ``Recordkeeping Requirements for Securities Transactions12 CFR parts 12 and 151.''
Agency Information Collection Activities: Proposed Information Collection; Comment Request
Document Number: 2012-1017
Type: Notice
Date: 2012-01-20
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, ``International RegulationPart 28.''
Open Meeting of the Taxpayer Advocacy Panel Toll-Free Project Committee
Document Number: 2012-763
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Toll-Free Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Refund Processing Communications Project Committee
Document Number: 2012-762
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Refund Processing Communications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Face-to-Face Service Methods Project Committee
Document Number: 2012-761
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Face-to-Face Service Methods Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Small Business/Self-Employed Decreasing Non-Filers Project Committee
Document Number: 2012-760
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Small Business/ Self-Employed Decreasing Non-Filers Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open meeting of Taxpayer Advocacy Panel Taxpayer Burden Reduction Project Committee
Document Number: 2012-759
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Taxpayer Burden Reduction Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee
Document Number: 2012-758
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Bankruptcy Compliance Project Committee
Document Number: 2012-757
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Bankruptcy Compliance Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Open Meeting of the Taxpayer Advocacy Panel Return Processing Delays Project Committee
Document Number: 2012-756
Type: Notice
Date: 2012-01-18
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
An open meeting of the Taxpayer Advocacy Panel Return Processing Delays Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.
Allocation and Apportionment of Interest Expense
Document Number: 2012-597
Type: Rule
Date: 2012-01-17
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains temporary regulations that provide guidance regarding the allocation and apportionment of interest expense. These temporary regulations provide guidance concerning the allocation and apportionment of interest expense by corporations owning a 10 percent or greater interest in a partnership, as well as the allocation and apportionment of interest expense using the fair market value method. These temporary regulations also update the interest allocation regulations to conform to the statutory changes made by section 216 of the legislation commonly referred to as the Education Jobs and Medicaid Assistance Act (EJMAA), enacted on August 10, 2010, affecting the affiliation of certain foreign corporations for purposes of section 864(e). These regulations affect taxpayers that allocate and apportion interest expense. The text of these temporary regulations also serves as the text of the proposed regulations (REG-113903-10) set forth in the notice of proposed rulemaking on this subject published elsewhere in this issue of the Federal Register.
Allocation and Apportionment of Interest Expense
Document Number: 2012-595
Type: Proposed Rule
Date: 2012-01-17
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
In the Rules and Regulations section in this issue of the Federal Register, the IRS is issuing temporary regulations that provide guidance relating to the allocation and apportionment of interest expense. The temporary regulations provide guidance concerning the allocation and apportionment of interest expense by corporations owning a 10 percent or greater interest in a partnership, as well as the allocation and apportionment of interest expense using the fair market value asset method. The temporary regulations also update the interest allocation regulations to conform to the changes made to the applicable law by the legislation commonly referred to as the Education Jobs and Medicaid Assistance Act (EJMAA), enacted on August 10, 2010 (Pub. L. 111-226, 124 Stat. 2389 (2010)), which affect corporations owning certain foreign corporations engaged in the conduct of a trade or business in the United States. The text of those temporary regulations published in this issue of the Federal Register also serves as the text of these proposed regulations. This document also provides a notice of public hearing on these proposed regulations.
Proposed Establishment of the Middleburg Virginia Viticultural Area; Comment Period Reopening
Document Number: 2012-525
Type: Proposed Rule
Date: 2012-01-13
Agency: Alcohol and Tobacco Tax and Trade Bureau, Department of Treasury, Department of the Treasury
The Alcohol and Tobacco Tax and Trade Bureau is reopening the comment period for Notice No. 123, Proposed Establishment of the Middleburg Virginia Viticultural Area, a notice of proposed rulemaking published in the Federal Register on November 8, 2011. TTB is taking this action in response to a request from a local wine industry organization.
Pricing for 2012 America the Beautiful Quarters® Products and American Eagle Silver Dollars
Document Number: 2012-29
Type: Notice
Date: 2012-01-06
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing 2012 pricing for America the Beautiful Quarters[supreg] products and American Eagle Silver Proof and Uncirculated Coins, as follows:
Pricing for America the Beautiful Five Ounce Silver Uncirculated CoinsTM
Document Number: 2012-28
Type: Notice
Date: 2012-01-06
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing the re-pricing of the America the Beautiful Five Ounce Silver Uncirculated Coins. The price of the America the Beautiful Five Ounce Silver Uncirculated Coins will be lowered from $229.95 to $204.95.
Pricing for 2012 Products Featuring $1 Coins
Document Number: 2012-27
Type: Notice
Date: 2012-01-06
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing 2012 pricing for products featuring $1 coins, as follows:
Pricing for 2011 American Eagle Silver Uncirculated Coins
Document Number: 2012-24
Type: Notice
Date: 2012-01-06
Agency: United States Mint, Department of Treasury, Department of the Treasury
The United States Mint is announcing the re-pricing of the 2011 American Eagle Silver Uncirculated Coins. The price of the 2011 American Eagle Silver Uncirculated Coins will be lowered from $50.95 to $45.95.
Surety Companies Acceptable on Federal Bonds: Termination; Western Bonding Company
Document Number: 2011-33739
Type: Notice
Date: 2012-01-05
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This is Supplement No. 4 to the Treasury Department Circular 570; 2011 Revision, published July 1, 2011, at 76 FR 38892.
United States Savings Bonds, Series EE and I
Document Number: 2011-33762
Type: Rule
Date: 2012-01-04
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This rule increases the amount of book-entry Series EE and Series I savings bonds a person may acquire each year.
Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
Document Number: 2011-33623
Type: Proposed Rule
Date: 2012-01-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
On November 7, 2011, the OCC, Board, FDIC, and SEC (collectively, the ``Agencies'') published in the Federal Register a joint notice of proposed rulemaking for public comment to 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 (``proposed rule''). Due to the complexity of the issues involved and to facilitate coordination of the rulemaking among the responsible agencies as provided in section 619 of the Dodd-Frank Act, the Agencies have determined that an extension of the comment period until February 13, 2012 is appropriate. This action will allow interested persons additional time to analyze the proposed rules and prepare their comments.
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