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The Office of the Comptroller of the Currency (OCC), a part of the Treasury Department, has announced a request for public comments on a revised information collection about Appraisal Management Companies as required by the Paperwork Reduction Act of 1995. This collection involves recordkeeping requirements for managing appraisal companies, as directed by the Dodd-Frank Act. The deadline for submitting comments is January 21, 2025. The OCC has reduced the estimated annual paperwork burden from 2,455 hours in 2021 to 1,991 hours due to fewer respondents.

The U.S. Department of the Treasury is asking for public comments on the information collections related to the Community Development Financial Institutions (CDFI) Bond Guarantee Program. This is part of their ongoing effort to decrease paperwork and streamline processes, as required by the Paperwork Reduction Act of 1995. They invite comments on the necessity and usefulness of the information collected, the accuracy of their estimates, and ways to improve the quality and minimize the burden of this data collection. Interested parties can submit their comments through the regulations.gov website by February 7, 2025.

The Internal Revenue Service (IRS), under the Treasury Department, announced an open meeting of the Taxpayer Advocacy Panel's Toll-Free Phone Lines Project Committee. The meeting is scheduled for February 10, 2021, and aims to gather public feedback, ideas, and suggestions for improving customer service at the IRS. Interested members of the public can participate by making oral comments or submitting written statements, and must notify Rosalind Matherne in advance to attend. Additional information can be found by contacting the provided phone numbers or visiting the IRS improvement website.

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), part of the Treasury Department, is seeking public comments on its existing information collection process related to the Safe Harbor for Valuation and Mark to Market Accounting Method for Dealers under section 475. This involves no changes to current regulations but aims to renew approval under the Paperwork Reduction Act of 1995. The public and other federal agencies are invited to send their feedback by May 5, 2025, focusing on the necessity, accuracy, and potential improvements of this information collection. The safe harbor allows dealers in securities and commodities to use financial statement values for certain positions, helping reduce compliance burdens.

The Office of the Comptroller of the Currency (OCC) is inviting comments from the public and other federal agencies on its plan to renew the information collection titled "Fiduciary Activities" as part of the Paperwork Reduction Act requirements. The OCC aims to reduce paperwork and ensure compliance by using a valid OMB control number and has already submitted the renewal request to the Office of Management and Budget (OMB) for review. Interested parties can submit comments by March 29, 2021, with specific instructions provided to guide the submission process. The OCC's initiative is focused on improving the utility and effectiveness of information collection while minimizing the burden on respondents.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released four general licenses linked to sanctions against Russian harmful foreign activities. These licenses, numbered 53A, 55C, 113, and 114, allow certain transactions that were initially restricted, involving Russian entities like Gazprombank and projects such as Sakhalin-2. Each license specifies what activities are permitted and outlines exceptions, such as prohibiting some financial dealings with blocked entities. These licenses were first published on OFAC's website and have specific expiration dates outlined in the document.

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 Internal Revenue Service (IRS) is inviting public comments on information collections related to Section 9100 Relief for 338 Elections. This is part of their effort to reduce paperwork and burden on respondents as required by the Paperwork Reduction Act of 1995. The IRS is seeking feedback on whether these information collections are necessary, the accuracy of their burden estimates, and ways to improve the quality of the data collected. Comments should be submitted by March 18, 2025, to ensure they are considered.

The Internal Revenue Service (IRS) is asking for public feedback on the information collection related to Form 1099-PATR, which reports taxable distributions from cooperatives. This effort is part of their ongoing attempts to lessen the paperwork and time burden for people and organizations. The IRS is especially interested in comments about whether the information collection is actually needed, how accurate their burden estimates are, and ways to make the process easier, including electronic submissions. Feedback is requested by May 27, 2025.