Department of Treasury December 12, 2014 – Federal Register Recent Federal Regulation Documents

Federal Government Participation in the Automated Clearing House
Document Number: 2014-29198
Type: Rule
Date: 2014-12-12
Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury
This document corrects a technical error that appeared in the July 24, 2014 amendments to our regulation governing the use of the Automated Clearing House (ACH) network by Federal agencies.
Reporting of Specified Foreign Financial Assets
Document Number: 2014-29125
Type: Rule
Date: 2014-12-12
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations providing guidance relating to the provisions of the Hiring Incentives to Restore Employment (HIRE) Act that require specified foreign financial assets to be reported to the Internal Revenue Service for taxable years beginning after March 18, 2010. In particular, the final regulations provide guidance relating to the requirement that individuals attach a statement to their income tax return to provide required information regarding specified foreign financial assets in which they have an interest. The final regulations affect individuals required to file Form 1040, ``U.S. Individual Income Tax Return,'' or Form 1040-EZ, ``Income Tax Return for Single and Joint Filers With No Dependents,'' and certain individuals required to file Form 1040-NR, ``Nonresident Alien Income Tax Return,'' or Form 1040NR-EZ, ``U.S. Income Tax Return for Certain Nonresident Aliens with No Dependents.''