The Federal Register

Supplemental Identification Information of Two Entities Designated Pursuant to Executive Order 13224

Wed, Jul 16 2008 11:00:00 GMT

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing supplemental identification information for the names of two entities whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.''

Amendments to the Section 7216 Regulations--Disclosure or Use of Information by Preparers of Returns; Correction

Wed, Jul 16 2008 11:00:00 GMT

This document contains a correction to final and temporary regulations (TD 9409) that was published in the Federal Register on Wednesday, July 2, 2008 (73 FR 37804) providing rules relating to the disclosure and use of tax return information by tax return preparers. These regulations provide updated guidance regarding the disclosure of a taxpayer's social security number to a tax return preparer located outside of the United States.

Change to Office to Which Notices of Nonjudicial Sale and Requests for Return of Wrongfully Levied Property Must Be

Wed, Jul 16 2008 11:00:00 GMT

This document contains a correction to final regulations (TD 9410) that were published in the Federal Register on Tuesday, July 8, 2008 (73 FR 38915) relating to the discharge of liens under section 7425 and return of wrongfully levied upon property under section 6343 of the Internal Revenue Code of 1986. These regulations revise regulations currently published under sections 7425 and 6343. These regulations clarify that such notices and claims should be sent to the IRS official and office specified in the relevant IRS publications. The regulations will affect parties seeking to provide the IRS with notice of a nonjudicial foreclosure sale and parties making administrative requests for return of wrongfully levied property.

Determining the Amount of Taxes Paid for Purposes of Section 901

Wed, Jul 16 2008 11:00:00 GMT

This document contains final and temporary regulations under section 901 of the Internal Revenue Code providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit.

The regulations affect taxpayers that claim direct and indirect foreign tax credits. The text of these temporary regulations also serves as the text of the proposed regulations (REG15677906) published in the Proposed Rules section in this issue of the Federal Register .

Amendments to the Section 7216 Regulations--Disclosure or Use of Information by Preparers of Returns; Correction

Wed, Jul 16 2008 11:00:00 GMT

This document contains a correction to a notice of proposed rulemaking by crossreference to temporary regulations (REG12169808) that was published in the Federal Register on Wednesday, July 2, 2008 (73 FR 37910) providing updated guidance affecting tax return preparers regarding the disclosure of a taxpayer's social security number to a tax return preparer located outside of the United States in order to provide an exception allowing such disclosure with the taxpayer's consent in limited circumstances.

Determining the Amount of Taxes Paid for Purposes of Section 901

Wed, Jul 16 2008 11:00:00 GMT

In the Rules and Regulations section in this issue of the Federal Register, the IRS is issuing temporary regulations that provide guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. The regulations affect taxpayers that claim direct and indirect foreign tax credits. The text of those temporary regulations also serves as the text of these proposed regulations. This document also provides notice of a public hearing on these proposed regulations.

Employer Comparable Contributions to Health Savings Accounts Under Section 4980G, and Requirement of Return for

Wed, Jul 16 2008 11:00:00 GMT

This document contains proposed regulations providing guidance on employer comparable contributions to Health Savings Accounts (HSAs) under section 4980G of the Internal Revenue Code (Code) as amended by sections 302, 305 and 306 of the Tax Relief and Health Care Act of 2006 (the Act). The proposed regulations also provide guidance relating to the requirement of a return to accompany payment of the excise tax under section 4980B, 4980D, 4980E, or 4980G of the Code and the time for filing that return. These proposed regulations would affect employers that contribute to employees' HSAs and Archer MSAs, employers or employee organizations that sponsor a group health plan, and certain third parties such as insurance companies or HMOs or thirdparty administrators who are responsible for providing benefits under the plan. This document also provides notice of a public hearing on these proposed regulations.

Guidance Under Sections 642 and 643 (Income Ordering Rules); Correction

Wed, Jul 16 2008 11:00:00 GMT

This document contains corrections to a notice of proposed rulemaking (REG10125808) that was published in the Federal Register on Wednesday, June 18, 2008 (73 FR 34670) providing guidance under Internal Revenue Code section 642(c) with regard to the Federal tax consequences of an ordering provision in a trust, a will, or a provision of local law that attempts to determine the tax character of the amounts paid to a charitable beneficiary of the trust or estate. The proposed regulations also make conforming amendments to the regulations under section 643(a)(5). The proposed regulations affect estates, charitable lead trusts (CLTs) and other trusts making payments or permanently setting aside amounts for a charitable purpose.

157, and 301

Wed, Jul 16 2008 11:00:00 GMT

[REG12924307]
RIN 1545BG83

Tax Return Preparer Penalties Under Sections 6694 and 6695

Correction

In proposed rule document E812898 beginning on page 34560 in the issue of Tuesday, June 17, 2008, make the following correction:

On page 34563, in the third column, in the third full paragraph, in the first line, ``Sec. 66941(b)(1)'' should read ``Sec. 1.6694 1(b)(1)''.
[FR Doc. Z812898 Filed 51508; 8:45 am]
BILLING CODE 150501D