Search Results for keywords:"Department of the Treasury"

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Search Results: keywords:"Department of the Treasury"

  • Type:Notice
    Citation:86 FR 1585
    Reading Time:about a minute or two

    The Department of the Treasury announced that information about the Emergency Rental Assistance Program is available on their website. This program provides $25 billion to help states, U.S. territories, local governments, and tribal communities with rental payments and utilities for those in need. At least 90% of the funds must be used for rent, utilities, and related expenses, while up to 10% can be used for housing stability services and administrative costs. More details and a payment information form can be found online.

    Simple Explanation

    The Department of the Treasury put detailed rules on their website about a plan that has lots of money to help people pay rent and bills. They said most of the money should go to rent and utilities, but they didn't say exactly how places will get the money or how to check if it's used correctly.

  • Type:Notice
    Citation:89 FR 95357
    Reading Time:about 2 minutes

    The Department of the Treasury is seeking public feedback on their information collection requests related to the sale of financial instruments like bank checks and money orders. These rules are part of efforts to comply with the Bank Secrecy Act, which requires record-keeping for transactions involving $3,000 or more to prevent illegal activities. The public is invited to provide comments by January 2, 2025. This collection primarily impacts businesses and aims to track large cash transactions more effectively.

    Simple Explanation

    The Department of the Treasury wants people to comment on their plan to keep track of big cash transactions, like when someone buys a big check or money order. This helps them make sure no one is doing sneaky things with money.

  • Type:Notice
    Citation:90 FR 6099
    Reading Time:about 2 minutes

    The Department of the Treasury is seeking public comments on several IRS information collection requests that will be reviewed by the Office of Management and Budget. These collections involve energy credits for small wind energy properties and a waiver of the 60-day rollover requirement for certain retirement funds. The public can submit their comments via the website www.reginfo.gov by February 18, 2025, to ensure consideration. The document mentions no changes are being made to the current processes, and it outlines the estimated burden hours for respondents.

    Simple Explanation

    The Treasury Department wants to know what people think about some IRS forms related to energy credits and retirement savings. They want everyone to share their thoughts online before February 18, 2025.

  • Type:Notice
    Citation:86 FR 11379
    Reading Time:about 11 minutes

    The Department of the Treasury is planning to submit several information collection requests to the Office of Management and Budget (OMB) for review. These requests are related to financial crime regulations, such as reporting large cash transactions and anti-money laundering requirements for casinos. The public is encouraged to provide comments on these proposals by March 26, 2021. The document details different areas where the Treasury seeks to extend its data gathering efforts under existing regulations without making changes.

    Simple Explanation

    The Department of the Treasury wants to make sure that banks and casinos report big cash movements to help stop money crimes. They are asking people to share their thoughts about these rules to see if they can make them better.

  • Type:Notice
    Citation:86 FR 2041
    Reading Time:about 2 minutes

    The Department of the Treasury has announced its plan to submit requests to the Office of Management and Budget (OMB) for approval of information collections related to U.S. Income Tax Return forms for individuals. This is in line with requirements of the Paperwork Reduction Act of 1995. The forms, such as Form 1040, are used by individuals to report their taxable income and calculate taxes owed. The Treasury Department invites the public to provide comments on these requests by February 10, 2021, to ensure they are considered. The document also includes estimated costs, time burdens, and details about changes to forms affecting taxpayers.

    Simple Explanation

    The Treasury Department is checking how forms used to report taxes, like Form 1040, are working and wants people to say what they think by a certain date. They also want to make sure the forms aren't too confusing or take too long to fill out.