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The Internal Revenue Service, part of the Treasury Department, will hold a closed meeting for the Art Advisory Panel on April 17, 2025, at 10:30 a.m. Eastern time. This meeting, taking place in New York City or virtually via Microsoft Teams, will focus on reviewing and evaluating fair market value appraisals of artworks for federal tax purposes. The meeting will be closed to the public because it involves confidential tax return information. Elizabeth P. Askey from the Independent Office of Appeals filed the notice, citing legal provisions to justify the closure.

The document outlines the final regulations under section 4960 of the Internal Revenue Code, which impose a tax on tax-exempt organizations that pay over $1,000,000 in compensation to certain executives, or "excess parachute payments," to covered employees. These regulations give guidelines on how to calculate and allocate the tax, define terms like “applicable tax-exempt organization” and “covered employee,” and provide exceptions to specific employee definitions to avoid discouraging beneficial services. They also clarify rules for determining when compensation is paid and for coordinating these rules with existing laws, aiming to ensure fair application and prevent tax avoidance while providing necessary flexibility for tax-exempt organizations.

The Office of the Comptroller of the Currency (OCC) has announced a request for public comments on the renewal of an information collection titled "Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program." This is part of their ongoing efforts to reduce paperwork and ensure compliance with the Paperwork Reduction Act. The information collection involves security requirements for banks and savings associations, such as designating a security officer and reporting suspicious activities. Comments are due by April 21, 2025, and will be used to evaluate the necessity, burden, and methods of the data collection process.

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 Internal Revenue Service (IRS) published a notice in the Federal Register regarding Form 15227. This form, which does not require an Office of Management and Budget (OMB) control number, was discussed in a previous document on September 8, 2020. The IRS is not asking for any more public comments on the form. For further information, individuals can contact Martha R. Brinson at the IRS.

The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of Treasury, has announced the availability of up to $500 million in guarantees for fiscal year 2025 under the CDFI Bond Guarantee Program. This program is designed to help Community Development Financial Institutions (CDFIs) by offering bond guarantees that support lending for economic development projects. Interested parties need to submit their applications by specified deadlines in early 2025. The rules and detailed requirements for the application and qualification processes are explained in the notice, which also includes guidance on compliance with regulations and statutes.

The United States Mint has announced a public meeting of the Citizens Coinage Advisory Committee (CCAC) to be held on February 18, 2025. The meeting will take place remotely via video-conference from 11 a.m. to 4:45 p.m. Eastern Time and will review designs for upcoming coin programs, including the 2026 American Innovation $1 Coin Program and the 2025 Sacagawea 25th Anniversary Coins. The public can watch the meeting live on the United States Mint's YouTube Channel, and members of the public can submit topics for consideration by emailing info@ccac.gov. For those needing accommodations, requests should be made by February 13, 2025, through specified contact details.

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 announcing an open meeting of the Taxpayer Advocacy Panel Joint Committee scheduled for Thursday, March 25, 2021. This meeting will take place via teleconference and is open to the public, who are encouraged to present their comments and suggestions on how the IRS can improve customer service. Participants can attend by phone and are welcome to contribute both oral and written inputs. Further details can be obtained by reaching out to Gilbert Martinez at the provided contact numbers.

The Internal Revenue Service, part of the Treasury Department, announced a notice requesting public comments on a petition to add potassium bicarbonate to the list of substances subject to a Superfund tax. The petition, submitted by the Occidental Chemical Corporation, proposes adding potassium bicarbonate, used in cattle feed, glass manufacturing, as a food additive, and a pharmaceutic ingredient, to the taxable list under the Internal Revenue Code. The petition details its classification numbers, composition, and the production process. The public is invited to provide feedback by March 24, 2025, either online or by mail, as outlined in the notice.