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The U.S. Department of the Treasury announced its plan to submit various information collection requests to the Office of Management and Budget (OMB) for review, following the Paperwork Reduction Act of 1995. The public is encouraged to comment on these requests before February 6, 2025. The Internal Revenue Service (IRS) is revising its collections, introducing new forms such as Form 709-NA for nonresident gift tax transfers and expanding e-filing authorization forms like Forms 8453-EG and 8879-EG. These changes aim to streamline tax reporting and electronic filing processes.

The notice published by the Internal Revenue Service (IRS) and the Treasury Department lists individuals who have given up their United States citizenship during the last quarter of 2024. Under the Health Insurance Portability and Accountability Act (HIPAA) of 1996, the names are disclosed for those who have lost their U.S. citizenship, including some long-term residents treated as if they had lost citizenship. This information complies with section 6039G of the Act, showing transparency in expatriation records.

The Internal Revenue Service (IRS) is inviting the public and other federal agencies to provide comments on two specific forms: Form 8717 and Form 8717-A. These forms are used by organizations for paying user fees required by the IRS when they request certain official letters related to employee plans. The IRS aims to gather feedback to help reduce paperwork and improve the process, as mandated by the Paperwork Reduction Act of 1995. Comments are being accepted until June 17, 2025.

The Internal Revenue Service (IRS) is holding an open meeting of the Taxpayer Advocacy Panel's Tax Forms and Publications Project Committee. This meeting will take place on Wednesday, February 10, 2021. The public is welcome to share their comments and suggestions on how to improve IRS customer service. Interested participants need to contact Fred Smith for more details.

The Office of the Comptroller of the Currency (OCC) is seeking public comments on renewing an information collection related to "Investment Securities" under the Paperwork Reduction Act of 1995. This request is part of the OCC’s ongoing effort to reduce paperwork and respondent burden. The OCC plans to gather feedback until March 15, 2021, and is interested in opinions on the utility, accuracy, and burden of the information collected, as well as ideas for improving data collection methods. Comments received will be considered when the OCC submits its request for renewal to the Office of Management and Budget (OMB).

The Department of the Treasury has announced its intention to submit a collection of information requests regarding pension funding to the Office of Management and Budget (OMB). These requests, involving revisions to current collections to align with statutory provisions and new laws, require public comment by February 25, 2021. The information collected will help plan sponsors and actuaries with aspects of funding obligations, such as using alternative interest rates or dealing with adjusted funding targets. This process involves various stakeholders including individuals, businesses, non-profits, and governments, with a significant estimated annual burden in terms of time commitment.

The Department of the Treasury is asking for public comments on a form used to settle the estates of deceased individuals without formal administration. This form, known as FS Form 1050, allows creditors to request payment from Treasury Securities held in the deceased person's estate. The Bureau of the Fiscal Service is seeking input to ensure the collection of information remains effective and minimally burdensome under the requirements of the Paperwork Reduction Act of 1995. Comments are accepted until June 16, 2025.

The Community Development Financial Institutions (CDFI) Fund under the Treasury Department has announced the availability of grants for the Native American CDFI Assistance (NACA) Program for the fiscal year 2025. These grants, which include Financial Assistance (FA) and Technical Assistance (TA), are aimed at aiding financial institutions that serve Native American, Alaska Native, and Native Hawaiian populations to enhance their lending capacity. The program aims to strengthen both for-profit and non-profit community-based organizations to support various markets, and the awards are contingent on funding availability. Applicants must meet specific eligibility criteria and complete their submissions through designated platforms by the stated deadlines.

The Bureau of the Fiscal Service in the Department of the Treasury announced new and increased fees for surety and reinsuring companies. These fees apply to various certifications and renewals, including those for Complementary, Alien, and Admitted Reinsurers. The changes, justified by the costs of analyzing company applications and financials, are set to become effective on January 1, 2025. This fee adjustment is supported by laws allowing the government to charge for specific services that benefit companies.

The Internal Revenue Service (IRS), part of the Treasury Department, announced an open meeting of the Taxpayer Advocacy Panel's Tax Forms and Publications Project Committee. The meeting is scheduled for March 11, 2021, and aims to gather public comments and ideas to improve IRS customer service. Members of the public who want to participate must contact Fred Smith. More details can be found on the IRS improvement website.