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The United States Mint, part of the Department of the Treasury, has announced the pricing for the 2025 United States Marine Corps 250th Anniversary Commemorative Coin Program. Prices for products that contain gold coins will be based on a pricing grid for numismatic and commemorative gold and platinum products available on the Mint's website, www.usmint.gov. Anyone seeking more information can contact Rosa Matos, the Acting Senior Program Manager for Sales and Marketing at the United States Mint.

The Internal Revenue Service (IRS) is asking for public comments on information collections related to the Payout Requirements for Type III Supporting Organizations that are not functionally integrated. This is part of their ongoing efforts to reduce the paperwork burden as required by the Paperwork Reduction Act of 1995. The IRS is interested in feedback on several aspects, including the necessity and accuracy of the information collected, ways to improve its quality, and methods to reduce the burden on respondents. Comments should be sent by April 19, 2021, to ensure consideration.

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.

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.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals from Venezuela to its Specially Designated Nationals and Blocked Persons List. These individuals are blocked from having any of their property or interests in property under U.S. jurisdiction accessed, and U.S. citizens are generally forbidden from doing business with them. This action aligns with Executive Orders aimed at addressing the situation in Venezuela, specifically blocking the property of those identified as current or former officials of the Venezuelan government. The changes to the list were made official on January 10, 2025.

The Department of the Treasury's Office of Investment Security has updated the maximum civil monetary penalties linked to the Outbound Investment Security Program. These updates are part of an annual inflation adjustment required by law and will be effective until January 14, 2026. The new maximum penalty for violations is $377,700 or twice the amount of the transaction involved, whichever is greater. These changes are mandated by the Federal Civil Penalties Inflation Adjustment Act, with the specific multiplier for 2025 being 1.02598.

The document details final regulations that implement clean electricity production and investment credits established by the Inflation Reduction Act of 2022. These regulations provide guidelines for determining greenhouse gas emissions from electricity production, setting provisional emissions rates, and determining eligibility for the tax credits. The rules impact taxpayers who claim these credits for qualified facilities or energy storage technology activated after 2024. The IRS and Treasury Department consulted with experts across government agencies to address public comments and ensure comprehensive regulations.

The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury Department, is seeking comments on renewing a rule about recordkeeping for certain financial transactions. The rule mandates financial institutions to keep records of purchases of items like bank checks and money orders when bought with cash amounts ranging from $3,000 to $10,000. FinCEN is not proposing any changes to the rule itself but wants feedback on improving the process to estimate time and costs for financial institutions to comply with these requirements. Public comments are invited by March 22, 2021, and will help FinCEN refine their data collection and reduce paperwork burdens.

The Internal Revenue Service (IRS) is seeking public comments on the information collection requirements related to passive activity losses and credits. This effort is part of their ongoing attempt to reduce paperwork and simplify processes in adherence to the Paperwork Reduction Act of 1995. The IRS is interested in feedback on the necessity and utility of the information collected, the estimated burden it places on respondents, and potential ways to minimize this burden, possibly through technological solutions. Comments must be submitted by March 24, 2025, and will help improve the procedure and ensure proper compliance.

The document is a correction notice from the Treasury Department and the Internal Revenue Service, originally published as a rule in the Federal Register. The corrections involve changing the dates in a previous publication. Specifically, lines on page 1256 should now have the dates "December 30, 2021" instead of "December 31, 2021" and "December 30, 2020" instead of "December 31, 2020". These corrections help ensure that the rule's information is accurate.