Search Results for keywords:"Treasury Department"

The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury Department, has issued a Geographic Targeting Order for certain money services businesses along the southwest border of the U.S. These businesses must report currency transactions of more than $200 but not more than $10,000 and verify the identity of those making these transactions. The order, effective from April 14, 2025, to September 9, 2025, covers specific areas in California and Texas and aims to combat illegal financial activities by drug cartels. Failure to comply with this order could result in civil or criminal penalties.

The Office of the Comptroller of the Currency (OCC) has announced a request for public comments on the renewal of an information collection titled "Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program." This is part of their ongoing efforts to reduce paperwork and ensure compliance with the Paperwork Reduction Act. The information collection involves security requirements for banks and savings associations, such as designating a security officer and reporting suspicious activities. Comments are due by April 21, 2025, and will be used to evaluate the necessity, burden, and methods of the data collection process.

The Internal Revenue Service (IRS) is inviting the public and other federal agencies to comment on the information collections related to the Electronic Federal Tax Payment System (EFTPS). This initiative aims to reduce paperwork and the burden on respondents. Comments are encouraged on various aspects, such as the necessity of the information collection, accuracy of burden estimates, and ways to enhance the process. Written comments should be submitted by March 24, 2025, to ensure consideration.

The Treasury Department's Internal Revenue Service (IRS) is requesting public comments on forms used by business entities, as part of efforts to reduce paperwork and respondent burden. This request is in compliance with the Paperwork Reduction Act of 1995 and involves forms such as 1065, 1120, and others related to business income tax returns. The IRS estimates that 13.9 million respondents will spend an average of 67 hours and 25 minutes, with a total annual monetized time valued at $56,152,000,000, and total out-of-pocket costs at $71,617,000,000. Comments are to be received by January 21, 2025, to ensure consideration.

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 United States Mint, part of the Treasury Department, has announced the price for the Armed Forces 2.5 oz. Silver Medals, which will be $160.00. This announcement is documented as a notice in the Federal Register and provides the contact information for Ann Bailey, from the Mint’s Sales and Marketing team, for any further inquiries. The pricing is authorized under 31 U.S.C. 5111(a)(2).

The Treasury Department and the Internal Revenue Service have issued a correction to a rule originally published in December 2024. This correction changes a section number on a specific page to the correct format. The updated section should read "§ 1.1001-3" instead of the incorrect version. This notice was formally filed on January 8, 2025, and is documented under the number C1-2024-30267.

The Internal Revenue Service (IRS) is organizing a public hearing about proposed rules for a federal income tax credit. This credit is under the Inflation Reduction Act of 2022 and is for costs related to alternative fuel vehicle refueling property, specifically in low-income or non-urban areas. The hearing is set for February 12, 2025, in Washington, DC, and participants can join in person or by phone. People interested in speaking at the hearing need to submit their discussion topics by January 10, 2025.

The United States Mint has announced a public meeting of the Citizens Coinage Advisory Committee (CCAC) for April 15, 2025, which will be held remotely via videoconference. The meeting will discuss the American Liberty 24K Gold Coin and Silver Medal theme for 2027 and beyond. The public can view the meeting live on the United States Mint's YouTube Channel. For more information or accommodations, interested parties can contact the designated avenues provided by the Mint.

The Department of the Treasury is inviting public comments on its plan to collect information related to the CARES Act Loan and Payroll Support Programs for air carriers and other eligible businesses. This request is part of an effort to reduce paperwork and ensure compliance with existing financial assistance agreements under the CARES Act and subsequent laws. The Treasury Department needs to gather feedback on several aspects, including the necessity and practicality of the information collection and ways to reduce the burden on respondents. Comments about this process are accepted until March 31, 2025.