Search Results for keywords:"Regulations"

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Search Results: keywords:"Regulations"

  • Type:Notice
    Citation:86 FR 6416
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is requesting comments from the public and other federal agencies on the paperwork related to the Diesel Fuel and Kerosene Excise Tax, as required by the Paperwork Reduction Act of 1995. The IRS aims to reduce the paperwork burden while ensuring that diesel fuel and kerosene used for non-taxable purposes are properly dyed according to regulations. The public is invited to share feedback on aspects such as the necessity and utility of the information collection, methods to improve it, and ways to reduce the burden on respondents. Comments are due by March 22, 2021, and will be included in the IRS's request for approval from the Office of Management and Budget (OMB).

    Simple Explanation

    The IRS wants to hear from people about how they can make it easier for companies to report on how they handle special dyes in diesel and kerosene fuel. They're asking for ideas to make this paperwork less of a hassle, and they want people to share their thoughts by a certain date.

  • 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.