Department of Treasury January 8, 2021 – Federal Register Recent Federal Regulation Documents

Taxable Year of Income Inclusion Under an Accrual Method of Accounting and Advance Payments for Goods, Services, and Other Items
Document Number: C1-2020-28653
Type: Rule
Date: 2021-01-08
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Licensing Amendments: Technical Correction
Document Number: 2021-00101
Type: Rule
Date: 2021-01-08
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
On December 11, 2020, the Office of the Comptroller of the Currency (OCC) published in the Federal Register a final rule that revises its regulations relating to policies and procedures for corporate activities and transactions involving national banks and Federal savings associations to update and clarify the policies and procedures, eliminate unnecessary requirements consistent with safety and soundness, and make other technical and conforming changes. This correcting amendment supplements the Effective Date discussion in the SUPPLEMENTARY INFORMATION section of the final rule as it appeared in the Federal Register. It also makes three technical changes to the regulatory text of the final rule that appeared in the Federal Register to correct typographical errors.