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The Department of the Treasury has issued a notice listing countries that may require participation in, or cooperation with, an international boycott. According to the information available, these countries are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. This list is set forth under section 999 of the Internal Revenue Code of 1986. Lindsay Kitzinger, the International Tax Counsel for Tax Policy, was involved in the publication of this list.

The Internal Revenue Service (IRS) is requesting public comments on certain information collections related to church plan clarifications under section 336 of the PATH Act. The IRS aims to reduce paperwork and the burden on respondents as part of the Paperwork Reduction Act of 1995. Interested parties should submit their comments by June 16, 2025. This request involves reporting requirements linked to the revocation of elections by church-related organizations to be treated as a single employer.

The Internal Revenue Service (IRS) is seeking public comments on the reporting requirements for widely held fixed investment trusts. This request is part of the IRS's effort to reduce paperwork, as dictated by the Paperwork Reduction Act of 1995. Those involved are encouraged to submit comments by May 27, 2025. The regulations require certain tax information to be shared between trustees, middlemen, and investors, ensuring compliance with tax laws.

The Internal Revenue Service (IRS) is holding an open meeting of the Taxpayer Advocacy Panel's Special Projects Committee on Thursday, March 11, 2021. The purpose of the meeting is to gather public comments, ideas, and suggestions on how to improve customer service at the IRS. Members of the public can participate by making oral comments or submitting written statements, but they must notify Antoinette Ross in advance. The agenda will cover various issues concerning the IRS.

The Internal Revenue Service (IRS) is seeking public comments on information collections related to Form 1099-A, which deals with the acquisition or abandonment of secured property. This initiative is part of the IRS's ongoing efforts to reduce paperwork and the burden on respondents in compliance with the Paperwork Reduction Act of 1995. The estimated number of responses has decreased to 466,000, and this change will reduce the total annual burden hours. Comments are welcome on the necessity, accuracy, and potential improvements in the information collection process.

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.

The Community Development Financial Institutions Fund (CDFI Fund) under the Treasury Department has announced the availability of funds through its CDFI Program for the 2025 fiscal year. The program offers Financial Assistance (FA) and Technical Assistance (TA) awards to eligible community-based financial institutions. These awards aim to enhance the capacity of these institutions to serve low-income markets and underserved communities. The availability of funding and any specific conditions depend on congressional appropriations and other federal guidelines.

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 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 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.