Internal Revenue Service July 21, 2014 – Federal Register Recent Federal Regulation Documents

Proposed Collection; Comment Request for Form 4219
Document Number: 2014-17099
Type: Notice
Date: 2014-07-21
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 4219, Statement of Liability of Lender, Surety, or Other Person for Withholding Taxes.
Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Correction
Document Number: 2014-17080
Type: Rule
Date: 2014-07-21
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains amendments to correct the final regulations (TD 9636) that provided guidance on the application of sections 162(a) and 263(a) of the Internal Revenue Code (Code) regarding the deduction and capitalization of expenditures related to tangible property. These regulations were published in the Federal Register on Thursday, September 19, 2013 (78 FR 57686).
Research Expenditures
Document Number: 2014-16956
Type: Rule
Date: 2014-07-21
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations to amend the definition of research and experimental expenditures under section 174 of the Internal Revenue Code (Code). In particular, these final regulations provide guidance on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models. The final regulations will affect taxpayers engaged in research activities.