Rule 20 May 2025 compliance, reporting and recordkeeping requirements, irs, treasury, financial regulation, user fees, estate taxes, estate tax

💰Update on Estate Tax Closing Letter User Fee Regulation

This document contains interim final regulations relating to the imposition of a user fee on authorized persons requesting the issuance of IRS Letter 627, also referred to as an estate tax closing letter. These regulations reduce the amount of the user fee imposed on a request for the issuance of an estate tax closing letter. The Independent Offices Appropriations Act of 1952 authorizes the charging of user fees. The text of the interim final 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 of this edition of the Federal Register.

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Proposed Rule 20 May 2025 compliance, small business, reporting and recordkeeping requirements, irs, treasury, user fee, estate taxes, estate tax

💰IRS Proposes Reduced User Fee for Estate Tax Closing Letters

In the Rules and Regulations section of this issue of the Federal Register, the Department of the Treasury (Treasury Department) and the IRS are issuing interim final regulations that amend the current regulations to reduce the amount of the user fee imposed on authorized persons requesting the issuance of IRS Letter 627, also referred to as an estate tax closing letter. The text of the interim final regulations also serves as the text of these proposed regulations.

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Notice 20 May 2025 compliance, international business, treasury, sanctions, ofac, financial transactions

🚫OFAC Sanctions Action

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

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Notice 20 May 2025 consumer protection, financial compliance, treasury, occ, regulatory guidance, reverse mortgages

🏦Guidance for Compliance with Reverse Mortgage Products Management

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Reverse Mortgage Products: Guidance for Managing Compliance and Risks" (Guidance).

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Notice 15 May 2025 compliance, treasury, financial institutions, fiscal service, collateral security

💼Proposed Information Collection on Collateral Security for Businesses

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. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Collateral Security Resolution and Collateral Pledge and Security Agreement.

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Notice 15 May 2025 information collection, treasury, fiscal service, deceased creditors

📝Notice for Comments on Claims Against Deceased Creditors

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. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning Claims Against the United States for Amounts Due in the Case of a Deceased Creditor.

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Notice 15 May 2025 compliance, information collection, treasury, mortgage, fiscal service, tax bonds

🏦Notice on Information Collection for Mortgage Guaranty Tax Bonds

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. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Application For Issue Of United States Mortgage Guaranty Insurance Company Tax And Loss Bonds.

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Rule 14 May 2025 compliance, financial services, privacy act, irs, treasury, privacy, insider risk management

🔒Analysis of IRS Insider Risk Management Privacy Act Exemptions

In accordance with the requirements of the Privacy Act of 1974, as amended, the Department of the Treasury is issuing a final rule, exempting a new Internal Revenue Service (IRS) system of records (SOR) entitled "Department of Treasury/Internal Revenue Service-- 34.018, Insider Risk Management Records" from certain provisions of the Privacy Act. The IRS Insider Risk Management system was established for information collected in connection with the IRS Insider Risk program to identify potential threats to IRS resources and information assets and facilitate management of insider threat investigations, complaints, inquiries, and counterintelligence threat detection activities. Specifically, the Department exempts portions of this SOR from one or more provisions of the Privacy Act because of criminal, civil, and administrative enforcement requirements.

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Notice 14 May 2025 compliance, treasury, financial institutions, appraisal, occ, business regulatory

🏢OCC Notice on Interagency Appraisal Complaint Form Renewal

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Interagency Appraisal Complaint Form."

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Notice 13 May 2025 compliance, regulatory, information collection, business operations, treasury, alcohol, ttb, tobacco

📄Proposed Information Collections for Alcohol and Tobacco Businesses

As part of our continuing effort to reduce paperwork and respondent burden, and as required by the Paperwork Reduction Act of 1995, we invite comments on the continuing or proposed information collections listed below in this document.

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