Internal Revenue Service March 22, 2011 – Federal Register Recent Federal Regulation Documents

Property Traded on an Established Market; Hearing Cancellation
Document Number: 2011-6603
Type: Proposed Rule
Date: 2011-03-22
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on a proposed rulemaking relating to determining when property is traded on an established market (that is, publicly traded) for purposes of determining the issue price of a debt instrument.
Proposed Collection; Comment Request for Prepaid Card Marketing Customer Survey, CS-10-251.
Document Number: 2011-6602
Type: Notice
Date: 2011-03-22
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 Prepaid Card Marketing Customer Survey, CS-10-251
Sales-Based Royalties and Vendor Allowances; Hearing
Document Number: 2011-6601
Type: Proposed Rule
Date: 2011-03-22
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document provides notice of public hearing on a notice of proposed rulemaking relating to the capitalization and allocation of royalties that are incurred only upon the sale of property produced or property acquired for resale (sales-based royalties) and adjusting the cost of merchandise inventory for an allowance, discount, or price rebated based on merchandise sales (sales-based vendor allowances). The regulations modify the simplified production method and the simplified resale method of allocating capitalized costs between ending inventory and cost of goods sold. The regulations affect taxpayers that incur capitalizable sales-based royalties and earn sales-based vendor allowances.
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