Search Results for citation:"90 FR 385"

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Search Results: citation:"90 FR 385"

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  • 2024-31585 — List of Countries Requiring Cooperation With an International Boycott
    Type:Notice
    Citation:90 FR 385
    Reading Time:less than a minute

    The Department of the Treasury has released a list of countries involved in, or potentially involved in, international boycotts as defined by section 999 of the Internal Revenue Code of 1986. These countries include Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. This publication is part of the department's responsibilities under the code to inform the public and other stakeholders about such matters. Lindsay Kitzinger, serving as the International Tax Counsel for Tax Policy, is the official associated with this document.

    Simple Explanation

    The government made a list of some countries like Iraq and Saudi Arabia that are involved in activities where they might not trade or work with some other countries, and they are telling people about this so everyone knows what's going on.

  • 2024-31559 — Proposed Collection; Comment Request for Information Collection Tools Relating to the Qualified Electric Vehicle Credit
    Type:Notice
    Citation:90 FR 385
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is asking for public feedback regarding forms related to the qualified electric vehicle credit, which helps reduce paperwork and the burden on respondents in accordance with the Paperwork Reduction Act of 1995. Individuals, households, and businesses can submit comments until March 4, 2025. The IRS is also updating information on the use of Form 8834, which is used to claim this credit, and estimates about 3,136 respondents with a total annual paperwork burden of 15,022 hours. Comments will be part of the public record, and suggestions on improving the information collection process are welcomed.

    Simple Explanation

    The IRS wants to know what people think about the forms used to get a special tax credit for electric cars, and anyone can tell them what they think until March 4, 2025. They hope this will make it easier and less time-consuming for people using these forms.