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The Internal Revenue Service (IRS) and the Treasury Department have issued a correction to a previously proposed rule about the definition of qualified nonpersonal use vehicles. The correction pertains to the contact information of a person named Stephanie Caden, which was published in the Federal Register on December 3, 2024. Interested parties can send comments or request a public hearing by March 3, 2025. Comments can be submitted electronically through the Federal eRulemaking Portal or sent via mail to the IRS.

The Treasury Department and the IRS have proposed new rules to guide automatic enrollment in certain retirement plans, reflecting changes from the SECURE 2.0 Act of 2022. These regulations will apply to specific retirement plans with automatic contributions, ensuring that they align with the new requirements. Exceptions exist for government, church, and small or new business plans. Public comments are requested, and a hearing is scheduled to discuss these regulations further.

The Internal Revenue Service (IRS) is announcing a public meeting of the Electronic Tax Administration Advisory Committee (ETAAC) to be held via Microsoft Teams on January 8, 2025. The ETAAC aims to provide ongoing advice on enhancing electronic tax administration to make paperless filing the easiest and most preferred method for submitting tax returns. The committee also addresses issues like identity theft and refund fraud. To attend or submit a written statement, individuals should contact Mr. Alec Johnston at the IRS.

The Internal Revenue Service (IRS) and the Treasury Department have issued proposed regulations concerning the base erosion and anti-abuse tax (BEAT), which targets certain payments that large corporations make to foreign-related parties. These regulations provide guidance on how to handle qualified derivative payments, specifically those related to cross-border securities lending transactions. A key element is excluding mark-to-market gains and losses from these transactions from reporting, emphasizing that only payments like substitute dividends will be considered under specific conditions. The proposed rules aim to clarify compliance without imposing extra burdens and are open for public comment before potentially being finalized.

The Internal Revenue Service (IRS) has issued a notice inviting comments on the information collection process related to Form 8971, which concerns beneficiaries acquiring property from a decedent. This initiative is part of the IRS's efforts to reduce paperwork and respondent burden. The form is used for reporting estate tax values on inherited property, and beneficiaries are required to use these values as the initial basis for their property. Interested parties are encouraged to submit their comments by April 19, 2021, to help improve the process.

The Internal Revenue Service (IRS), under the Treasury Department, has issued a notice listing individuals who have expatriated, meaning they have given up their U.S. citizenship. This notice aligns with the Health Insurance Portability and Accountability Act (HIPAA) guidelines and applies to people whose information was collected by March 31, 2025. It also considers long-term residents as if they were citizens losing their citizenship. The details were processed by Kevin T. Hall, who works in Compliance Support, Development & Communications.

The Internal Revenue Service (IRS), along with the Treasury Department, issued a notice to correct errors in a proposed rule concerning the corporate alternative minimum tax (CAMT). This tax applies to the adjusted financial statement income of certain corporations for tax years starting after 2022. The document outlines specific corrections to previous regulatory proposals to ensure proper tax calculations and clarifications in tax rules. Comments on these updates are welcome until January 16, 2025.

The Treasury Department and the Internal Revenue Service (IRS) have proposed a new rule affecting retirement plans for people aged 50 and over who want to make additional contributions, known as "catch-up contributions." The changes come from the SECURE 2.0 Act of 2022, and these new rules require some of those contributions to be made as "Roth" contributions if the participant earns a certain amount. The proposal includes details on what plans must follow, deadlines, and information about a public hearing where people can discuss these changes. Comments from the public are encouraged and can be submitted until March 14, 2025.

The Internal Revenue Service (IRS) is seeking public comments on two information collections related to reducing withholding tax under Section 1446. These are Form 8804-C, which allows foreign partners to potentially reduce or eliminate their share of withholding tax, and TD 9394, which includes final regulations for partnerships to consider certain deductions and losses for the same purpose. The IRS is requesting feedback by April 19, 2021, as part of their ongoing efforts to minimize paperwork and respondent burden.

The Internal Revenue Service (IRS), under the Treasury Department, announced an open meeting for the Taxpayer Advocacy Panel's Taxpayer Assistance Center Improvements Project Committee. The meeting is set for February 9, 2021, and the public is invited to share comments and suggestions on ways to enhance customer service at the IRS. Participants must notify Matthew O'Sullivan if they intend to contribute comments during the meeting due to its limited time. The meeting aims to cover various IRS issues and improve taxpayer assistance services.