Search Results for keywords:"Treasury Department"

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Search Results: keywords:"Treasury Department"

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  • 2025-04308 — Open Meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee
    Type:Notice
    Citation:90 FR 12635
    Reading Time:about a minute or two

    The Internal Revenue Service (IRS) is hosting an upcoming open meeting of the Taxpayer Advocacy Panel's Taxpayer Communications Project Committee. This meeting will take place via teleconference on Thursday, April 10, 2025. The purpose of the meeting is to gather public comments, ideas, and suggestions aimed at improving customer service at the IRS. Individuals interested in participating or making comments are encouraged to contact Jose Cintron-Santiago for more information.

    Simple Explanation

    The IRS is having a phone meeting to talk about how they can help people better, and they want to hear ideas from everyone. If anyone wants to join or share their thoughts, they should reach out to a person named Jose for more details.

  • 2020-29153 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:86 FR 6416
    Reading Time:about a minute or two

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) has added individuals to its Specially Designated Nationals and Blocked Persons List. This action blocks all property and property interests within U.S. jurisdiction of these individuals, prohibiting U.S. persons from transacting with them. Two individuals from Venezuela, Lorena Carolina Cornelies Ruiz and Ramon Antonio Torres Espinoza, have been specifically identified based on legal criteria. The list and additional information are available on OFAC's website.

    Simple Explanation

    The Treasury Department has put some people's names on a list that says U.S. people can't do business with them because they broke some rules. These people, Lorena and Ramon from Venezuela, had all their things in the U.S. stopped because of these rules.

  • C1-2020-28653 — Taxable Year of Income Inclusion Under an Accrual Method of Accounting and Advance Payments for Goods, Services, and Other Items
    Type:Rule
    Citation:86 FR 1256
    Reading Time:less than a minute

    In the Federal Register document 86 FR 1256, a correction was made to a previously published rule by the Treasury Department and the Internal Revenue Service. The correction involves the DATES section of the rule initially issued on January 6, 2021, where the date "December 31, 2021" should be corrected to "December 31, 2020". This change ensures the accurate representation of the document's originally intended deadline.

    Simple Explanation

    In a rule by the Treasury Department and IRS, they made a small but important fix to a date, changing "December 31, 2021" to "December 31, 2020", to make sure everything is correct.

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