Sunday, November 27, 2011

TFOG 11-25-11 FDIC Prop Rule, IRS Prop Rule on Basis Reporting by Securities Brokers for Debt Instruments and Options and more

TFOG 11-25-11 FDIC Prop Rule, Sample of an ACT 40 exemption filing in relation to a rule (by SEI), IRS Final Rule, Notice of Proposed Rule Making and other Notices:

FDIC: Calculation of Maximum Obligation Limitation


IRS:

1. Notice of Proposed Rule Making, Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options

2. Final Rule User Fee To Take the Registered Tax Return Preparer Competency Examination

3. Notice on Surety Bond for Low Income Housing

4. Notice on Form 8952

5. Notice Request for Comments - Real Estate Mortgage Conduits


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2011-29993




2011-30350




2011-30383




2011-30388




2011-30410




2011-30413




2011-30419

TFOG 11-28-11 Treasury - Paperwork reduction, FHFA - Home Loan Banks, IRS Notice on Passive Activity Losses and Credits Limited, Medicaid Final Rule

TFOG 11-28-11: A Short list of relevant Rule Making from the Executive Branch that connects with our Interest in Government, Industry, Business, Non Profit and Individual Rule Making:

Dept of Treasury - Notifying OMB to review various IRS Tax Returns for time efficiency aka paperwork reduction review.

IRS - Notice of Proposed Rule Making - Passive Activity Losses and Credits Limited


FHFA - Final Rule - Voluntary Mergers of  Federal Home Loan Banks


DHHS - Medicaid Medicare Program; Payment Policies Under the Physician Fee Schedule, Five-Year Review of Work Relative Value Units, Clinical Laboratory FeeSchedule: Signature on Requisition,and Other Revisions to Part B for CY2012

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2011-30538




2011-30611




2011-30487




2011-28597

Sunday, November 20, 2011

TFOG 11-18-11: CFTC Final Rule Position Limits on Futures and Swaps, SEC Reporting Line for Commission Council Ethics, IRS Rules Film and Television, Gross Estate and other Notices, Farm Credit Admin and NYC notice of MBDA meeting 12/12/11

TFOG 11-18-11:

CFTC Final Rule on Position Limits (Futures and Swaps), SEC Final Rule - Ethics Council, IRS Final and Prop Rules Film and Television, Estates, Form 8892, Tier 2 Tax Rates, Farm Credit Administration, and Notice of 12/12/2011 Minority Business Development Agency Business Meeting in NYC

CFTC - Final Rule on Futures and Swaps:

Position Limits for Futures and Swaps

SEC - Final Rule:

Reporting Line for the Commission's Ethics Counsel

IRS - Proposed Rulemaking and Notices:

Final Rule: Deduction for Qualified Film and Television Production Costs; Correction

Notice of proposed rulemaking and notice of public hearing. Gross Estate; Election to Value on Alternate Valuation Date

Notice Form 8892

Notice Publication of Tier 2 Tax Rates

Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; Farmer Mac Investments and Liquidity Management

AGENCY:Minority Business Development Agency, U.S. Departmentof Commerce.

ACTION:
Notice of an Open Meeting.

SUMMARY:
The National Advisory Council for Minority Business Enterprise (NACMBE) will hold its fourth meeting to discuss the work of the three subcommittees and deliverables to fulfill the NACMBE’scharter mandate. The agenda may change to accommodate Council business.

DATES:
The meeting will be held on Monday, December 12, 2011 from 9 a.m.to 5 p.m. Eastern Time (ET).

ADDRESSES:
This meeting will be held at the Grand Hyatt New York, Park Avenue at Grand Central Station, 109 East 42nd Street New York, NY 10017.

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11-18-11 CFTC Final Rule and Interim Rule on Position Limits on Futures and Swaps





11-18-11 SEC Final Rule Reporting Line on Commissions Ethics Council




11-18-11 IRS Correction to Final and Tenporary Rules Deduction for Qualified Film and Television Production...




11-18-11 IRS Notice / Prop Rulemaking: Estates and Trusts Gross Estate; Election to Value on Alternate Valu...




11-18-11 IRS Comment Requests Form 8892




11-18-11 IRS Notice Tier 2 Tax Rates




11-18-11 Farm Credit Admin - Proposed Rule




11-18-11 DOC Minority Business Development Agency Meeting of the National Advisory Council on Minority Busi...

TFOG 11-17-11 IRS Final Rule Application of Section 108(e)(8) to Indebtedness Satisfied by a Partnership Interest + an IRS Correction, Treasury seeking Minority Depository Institutions Advisory Committee Nominations, and Notices from Bureau of Consumer Protection

TFOG 11-17-11 - IRS Final Rule, IRS Correction, Minority Institution Advisory Committee Nominations, and Notice from the Bureau of Consumer Protection.


IRS:
1. Application of Section 108(e)(8) to Indebtedness Satisfied by a Partnership Interest

2. Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities; Correction

Department of the Treasury, Office of the Comptroller of the Currency.

ACTION: Request for nominations.

Minority Depository Institutions Advisory Committee

Bureau of Consumer Protection Notices

1. Under Privacy Act 1974

2. Request for Information Regarding Private Education Loans and Private Educational Lenders


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11-17-11 IRS Final Reg Application of Section 108(e)(8) to Indebtedness Satisfied by a Partnership Interest





11-17-11 IRS Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities; Correc...




11-17-11 Office of the Comptroller of the Currency


11-17-11 Bureau of Consumer Protection Privacy Act 1974


11-17-11 BCFP Notice Request for Information Regarding Private Education Loans and Private Educational Lenders

TFOG 11-16-11 FASAB Financial Accounting Standards Advisory Board - Charter renewed, Joint SEC + CFTC Final Rule - Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators on form PF, FDIC Notice, Treaury Final Rule on Appellations - Russian River and Sonoma Valley

TFOG (Today from our Government) 11-16-11: FASAB, Joint Rule SEC+ CFTC Investment Advisers - to private Funds and certain Commodity Pool Operators, FDIC Notice, Department of Treasury Rule on Russian River and Sonoma Valley

Renewing the FASAB Charter.

SEC + CFTC Joint Rule:
Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF

FDIC Notice:
In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee on Economic Inclusion, which will be held in Washington, DC. The Advisory Committee will provide advice and recommendations on initiatives to expand access to banking services by underserved populations.

DATES:
Thursday, December 1, 2011,from 8:45 a.m. to 3:45 p.m

Department of Treasury: Final rule; Treasury decision.

SUMMARY: This Treasury decision expands the Russian River Valley viticultural area in Sonoma County,California, by 14,044 acres, and the Northern Sonoma viticultural area in Sonoma County, California, by 44,244 acres. TTB designates viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase.

Effective Date: December 16,2011.

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11-16-11 FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD (FASAB) Notice of Renewal of FASAB Charter




11-16-11 CFTC and SEC Joint Final Rule Reporting by Investment Advisers to Private Funds and Certain Commod...




11-16-11 FDIC Notice




11-16-11 Dept of Treasury Rule (on Vineyards) expanding Russian River Valley and Sonoma Viticultural Areas

Wednesday, November 16, 2011

TFOG 11-15-11 Executive Order on Efficiency, Executive Branch Ethics, IRS Rule and Notices 74 Privacy Act, PBGC Rule, PTO Filing Fees, SBA

TFOG 11-15-11 an entry in overview:








11-15-11 Executive Order from the President Promoting Efficient Spending




11-15-11 Proposed Rules Executive Branch Ethics and Small Business




11-15-11 Agriculture Dept Career and Employee Grants correction




11-15-11 IRS Final Rule Privacy Act




11-15-11 Dept of Treas IRS Notice Privact Act 74




11-15-11 IRS Final Rule Privacy Act




11-15-11 PTO Fee for Filing a Patent App other than by the Electronic filing System




11-15-11 PBGC Final Rule Part 4022 Benefits Payable in Terminated Single-Employer Plans; Interest Assumptio...




11-15-11 HHS Notice

Sunday, November 13, 2011

More from 11-14-11 Non Profit Notifications on Purchasing from Severly Disabled Persons, ERISA Exemptions and Federal Election Committee Rules - Standards of Conduct

More TFOG Non Profits working with the Severly Disabled / Purchasing Notifications, ERISA Exemptions and Federal Election Committee Rules - Standards of Conduct.

You can find all related details below this is a lite entry version of additional Government Notifications of relevance from 11-14-11.

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11-14-11 Puchasing from  severly disabled persons (via Non Profits)




11-14-11 More on Purchasing from Severly Disabled Persons (Via Non Profits)




11-14-11 DOL EBSA Notice of Proposed Exemptions From Certain Prohibited Transaction Restrictions




11-14-11 DOL EBSA Grant of Individual Exemptions





11-14-11 FEC Final Rules : Standards of Conduct

TFOG 11-14-11 - SBA Books and Records, IRS § 6011 Trusts and Estates Generation Skipping Tax, SEC Suspended Trading Notices

TFOG: SBA Notice / OMB Paperwork Reduction Reporting and Record keeping, Dept of Treasury Community Development Funding Institutions / NOFA (Notice of Funding Availability), IRS Trust & Estate Taxes - Generation Skipping Tax, SEC Suspended trade notices,

SBA Notice: Reporting and Recordkeeping Requirements Under OMB Review

SUMMARY:
Under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35), agencies are required to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register
notifying the public that the agency has made such a submission.

Submit comments on or before December 14, 2011

DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Notice of Funds Availability (NOFA) Inviting Applications for the Community Development Financial Institutions the Native American CDFI Assistance (NACA) Program FY 2012 Funding Round (the FY 2012 FundingRound)

Announcement of funding opportunity.

Catalog of Federal Domestic Assistance(CFDA) Number: 21.020.

Dates:
Applications for FinancialAssistance (FA) awards or Technical Assistance (TA) grants through the FY2012 Funding Round of the NACA Program must be received by 11:59 p.m.,Eastern Time (ET), January 18, 2012.

Executive Summary:
Subject to funding availability, this NOFA is issued in connection with the FY 2012 Funding Round of the NACA Program,administered by the Community Development Financial Institutions(CDFI) Fund.

IRS Final Rule on Estates Eff 11/14/11 :

Generation-Skipping Transfers (GST)§ 6011 Regulations and Amendments

SEC: 11-14-11 SEC Suspended Trading Notices

Dept. of Treasury OMB Paperwork reduction - Wine Excise Tax Labels

DEPARTMENT OF AGRICULTURE Commodity Credit Corporation Farm Service Agency Report of Acreage, Noninsured Crop Disaster Assistance Program

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11-14-11 SBA Notice: Reporting and Recordkeeping Requirements Under OMB Review




11-14-11 Dpt of Treas. NOFA


11-14-11 IRS Final Rule Generation-Skipping Transfers (GST) § 6011 Regulations and Amendments




11-14-11 SEC Suspended Trading Notices




OMB Paperwork reduction - Wine Excise Tax Labels





11-14-11 Agriculture Commodity Credit Corporation Farm Service Agency Report of Acreage, Noninsured CropDi...

Friday, November 11, 2011

Thursday, November 10, 2011

TFOG for Tuesday 11/8/11 Pt 1 of 2 (all but SEC Notices)

TFOG for Tuesday 11/8/11 (look back) was a significant entry date that will be updated as we close out the week. Check back soon for more. This entry will be broken out into 2 posts 1. Non-SEC entries and 2. SEC entries.

CFTC Final Rule Derivatives Clearing Organization General Provisions and Core Principles

IRS:

Advanced notice of Propose Rule making: Determination of Governmental Plan Status

Final Regulations: Trusts Graduated Retained Interests

FINCEN Prop Rule AML and SARs Req. (noted but not copied here)

Patent and Trademark Office: Final Rule Trademark Technical and Conforming Amendments

SEC Paperwork Reduction Notices / OMB Reviews:

There were significant updates on Tuesday 11/8/11 for SEC corresponding to OMB, paperwork reduction and renewal of forms - to manage down volume / page load bandwidth we are creating a dedicated entry for SEC Notices from 11-8-11. Check back for update.

Agriculture Marketing Service:
Cotton Board Rules and Regulations:Adjusting Supplemental Assessment on Imports; Corrections

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11-8-11 CFTC Final Rule Derivatives Clearing Organization General Provisions and Core Principles




11-8-11 IRS Advanced RuleMaking Notice Determination of Governmental Plan Status




11-8-11 IRS Final Reg Trusts Graduated Retained Interests




11-8-11 PTO Final Rule Trademark Technical and Conforming Amendments





11-8-11 AMS Cotton Board Rules and Regs correction

TFOG 11/10/11 - IRS Updates of note.

TFOG 11/10/11 Noted IRS updates:

1. Notice of Advisory Council to the Internal Revenue Service; Meeting.


2. Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities.

Correction to final and temporary regulations




2011-29304






2011-29087

TFOG 11/9/11 - HHS Head Start, Energy Efficiency in Residential Dryers, Notice of Meeting of Taxpayer Advocacy Pannel in DC Dec 6+7

TFOG 11/9/11 was a slower day then the day prior for Rule Making on the avenue of Business, Non Profit and Individual Impact but did include the following notable developments:


Health and Human Services, Final Rule: Head Start Program

The Head Start Program Early Start Program is a valuable program which helps kids get an early move into education to better facilitate education.

This final rule amends the Head Start Program regulations to implement statutory provisions of the Improving Head Start for School Readiness Act of 2007 to establish asystem of designation renewal todetermine if Head Start and Early Head Start agencies are delivering high-quality and comprehensive Head Start and Early Head Start programs that meet the educational, health, nutritional, andsocial needs of the children and families they serve and meet program and financial management requirements and standards. This system of designation renewal will determine which grantees must compete for on-going funding.This final rule is consistent with Executive Order 13563 and in particularits requirement, in section 6, of ‘‘periodic review of existing significant regulations.’’

DATES:
This regulation is effective on December 9, 2011.

Dept of Energy - Notice of Prop Rule on Residential Clothes Washers

the U.S. Department of Energy (DOE) proposes to revise its test procedure for residential clothes washers established under the Energy Policy and Conservation Act(EPCA). DOE proposes to amend the definition of the energy test cycle to provide further clarity to ensure that thetest procedure is representative of consumer behavior and repeatable among different test laboratories.


IRS Notice of Open Meeting of Tax Payer Advocacy Panel in the Capital Dec 6 +7:

An open meeting of the Taxpayer Advocacy Panel will be conducted. The Taxpayer Advocacy Panel is soliciting public comments,ideas, and suggestions on improving customer service at the Internal Revenue Service. Several different project committees will hold discussions during this time. For more information,please contact Ms. Susan Gilbert, whose information is below.

DATES:
The meeting will be held Tuesday, December 6, 2011 and Wednesday, December 7, 2011 at the Capital Hilton Hotel in Washington, DC.

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11-9-11 HHS Final Rule Head Start Program





2011-28543





2011-28971

Monday, November 7, 2011

TFOG Treasury Notice of Rulemaking Prop Trading + Hedge Funds / Private Equity Funds, Notices: IRS CDFIF - New Markets Tax Credit, CDFIF - Funding Available (NOFA), FUTA / SUTA, Trademark Manual of Examining Procedure

Today from Our Government on the Rule Making that impacts Business, Non Profits and/or Individuals:

Treasury:

11-7-11 FDIC Notice of  Proposed Rule Making on Proprietary Trading, Hedge Funds and Private Equity

Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With,Hedge Funds and Private Equity Funds.

DATES:
All Comments by 1/13/12


IRS & CDFIF - Request for Comments Notice: New Markets Tax Credit

This notice invites comments from the public regarding the New Markets Tax Credit (NMTC) Program,which is jointly administered by theCommunity Development FinancialInstitutions Fund (CDFI Fund) and theInternal Revenue Service (IRS). Allmaterials submitted will be available forpublic inspection and copying.

DATES: All comments and submissions must be received by February 6, 2012

Notice of Funds Availability (NOFA): Community Development Financial Institutions Fund Funds Availability

Inviting Applications for the Community Development Financial Institutions (CDFI) Program FY 2012 Funding Round (the FY 2012 Funding Round)

Federal-State Unemployment Compensation Program Notice:

Certifications for 2011 Under the Federal Unemployment Tax Act

Dept of Commerce:Patent and Trademark Office Notice:

[Docket No. PTO–T–2011–0063]
Trademark Manual of Examining Procedure, Eighth Edition


You can find out more by connecting with ALL of these announcements below.
Note: Additional Notes of interest on Health and Financial Allocations for Mass Transit were released that are of interest to NYC, CT and other locations but will be covered separately. This post focused on Financial Markets.

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11-7-11 FDIC Notice of Rule Making Prop Trading, Hedge Funds and Private Equity




11-7-11 DOTreas Req for Comment Fund New Markets Tax Credit Program




11-7-11 DoTr Community Development Financial Institutions Fund / Funds Availability (NOFA)



11-7-11 FUTA Notice



11-7-11 PTO Trademark Manual of Examining Procedure, Eighth Edition




DCarsonCPA.com the web presence of Dean T. Carson II, CPA a Traditional and Strategic (Advisory) CPA Practice with additional related research skills, connecting the line of Decision Making for Government, Industry, Business, Non Profit and Individual Financial Decision Makers. We support your needs on Accounting, Taxes, Operations, Finance, Compliance and more and connect with Regulations that matter on your decision making process. Learn more at www.dcarsoncpa.com or e-mail us at info@dcarsoncpa.com

TFOG - late run 11-4-11 Treasury, ATF - Vintage Labels on Wine, IRS Notices, Treasury Notices, Bureau of Consumer Protection, SEC delistings under ACT 40

TFOG - Late Run 11-4-11 - a Late Run on the Executive Branches Business Rule Making activites reported from 11-4-11.

Dept of the Treasury:

Alcohol and Tobacco Tax and Trade Bureau, Treasury. Spotlight on Vinters:

Notice of proposed rulemaking (on Wine Labeling).

The Bureau proposes to amend its wine labeling regulations to allow a vintage date to appear on a wine that is labeled with a country as an appellation of origin. The proposal would provide greater grape sourcing and wine labeling flexibility to winemakers, both domestic and foreign, while still ensuring that consumers are provided with adequate information as to the identity and quality of the wines they purchase.

Comments must be received on or before January 3, 2012.


IRS:

I. Cancellation of notice of proposed rulemaking and notice of public hearing.

Re: § 6695 Tax Return Preparer Penalties.

This document cancels a public hearing on notice of proposed rulemaking and notice of public hearing(REG–140280–09) that would modify existing regulations related to the tax return preparer penalties under § 6695 of the Internal Revenue Code.

The public hearing, originally scheduled for November 7, 2011 at 10 a.m., is cancelled.

II. Withdrawal of notice of proposed rulemaking and notice of proposed rulemaking.

Tax Accounting Elections on Behalf of Foreign Corporations
These proposed regulations would clarify the rules for controlling domestic shareholders to adopt or change a method of accounting or taxable year on behalf of a foreign corporation. The regulations affect United States persons that own stock in certain foreign corporations.

Written or electronic comments and requests for a public hearing must be received by February 2, 2012.

Bureau of the Public Debt,Fiscal Service, Treasury. - Notice: Fiscal Service Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System


FRS: Notice - 2012 fee schedules for Federal Reserve priced services and electronic access

The Board of Governors of theFederal Reserve System (Board) has approved the private sector adjustment factor (PSAF) for 2012 of $29.9 million and the 2012 fee schedules for Federal Reserve priced services and electronic access. These actions were taken in accordance with the requirements of theMonetary Control Act of 1980, whichrequires that, over the long run, fees for Federal Reserve priced services be established on the basis of all direct and indirect costs, including the PSAF. The Board has also approved maintaining the current earnings credit rate on clearing balances.

The new fee schedules and earnings credit rate become effective January 3, 2012.

Bureau of Consumer Protection - 2 Notices (read below to see)

SEC Notice of Applications for Deregistration Under Section 8(f) of theInvestment Company Act of 1940

Note: There were several HHS   Health/ Medicare Entries that have been moved to their own update to focus on Health - see new Entry Stream TFOG / Health looking forward to catch these updates as we pick them up - they will be limited to Financial Elements of Health as a General Rule - but may include others where it is perceived from Our knowledge to add value for Medical Community Awareness.



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11-4-11 vint labels



11-4-11 IRS Update Tax Accounting Elections on Behalf of Foreign Corporations



11-4 FRS Notice Access Fees



11-4-11 BoCFPNotice of proposed Privacy Act System of Records.



11-4 BCFP Privacy Act 74



11-4 SEC Deregis notices


11-4-11 Notice Dept of Treasury Fiscal Service Fees

DCarsonCPA.com following the updates that focus on Business, Non Profit and Individual Finances.

Friday, November 4, 2011

The US Economy Rolling 6 Month Report through September 2011

As we all hang in there and look for better news on US Jobs and the Economic recovery we look closely to the key Economic Indicators and look for improvement. This is a copy of a rolling 6 Month Report on the key Economic Indicators through September 2011. On this path it is of Great Importance to know what is and what is not in the indicator especially the Unemployment Index which is an Indicator but certainly an incomplete measure where we are in the territory of many experiencing Long Term Unemployment and dropping of the official map.

We look forward to better days ahead and during the interim the ability of us all to consider and share solutions, can only help on the road towards Economic Recovery. We consider all those that are working to find their way forward and appreciate the challenges we all face in the current environment. We wish you success and see that the brighter road ahead is the one that supports more comprehensive employment opportunities where we work together on ideas to meet the challenges.


US Economy Rolling 6 Months Through Sept of 2011

DCarsonCPA.com is the web presence of Dean T. Carson II, CPA a Traditional and Strategic (Advisory) CPA practice with additional Client support capabilities from training on the Analyst Path, Hand on Experience, Compliance and Research. Here to connect the line between Government, Industry, Business, Non Profit and Individual Financial Decision Making. Learn more at www.dcarsoncpa.com or reach us at info@dcarsoncpa.com .

US Small Farms / Agriculture

A while back on twitter and on our web page we expressed an Interest in finding a way to provide some measure of outreach support for US Farmers. There's a learning curve that lies ahead in that direction and the best way to fill the gap is with knowledge. When I was younger the story was frequently told of how at the end of each school year my Grandfather would hop on his bike, leave the City (NYC) behind and go to work on the Rural Farms that existed (and still exist to a lesser degree)  further out in the Country (it was a long time ago now, but there is still something essential about the importance of Small Farmers here in the US that we need to protect). Small Farmers are hard at work throughout the Nation in ALL States and it is important that we understand them and hear their needs. They protect something that is very key to Our Future.

The age of Petroleum as a Fuel won't last forever and as we have seen with recent price increases in groceries local farming is important and can be an asset in how we better protect the future. An investment in US Agriculture is not only a cost outlay, it's a price we pay to insure our future in an investment in a very important skill that we sometimes undervalue and overlook, the knoweldge and  ability to grow the food that sustains us. We should be cautious to protect the knowledge we possess in Agriculture that has been handed down over the generations, hard work that it is it is also an Art and a Skill that is vital to Our Future well being.


Read on below for a backgrounder from ESDA which begins the process, a process which we will travel through with you to grow in ability to help on an important but frequently over looked need at the heart of Our Future abilities as a Nation.


Us Farm


DCarsonCPA.com is a Traditional and Strategic (Advisory) CPA Service also here for hybrid services that emphasize additional Analyst training, Regulatory and Research skills. Working to support the line that connects Government, Industry, Business, Non Profit and Individual Financial Decision Making. For Accounting, Taxation, Compliance, Operations, Business Analysis, Management and Financial Reporting, Research and more, we are here to assist. Learn more at www.dcarsoncpa.com or e-mail us at info@dcarsoncpa.com to connect.

Thursday, November 3, 2011

TFOG - Executive Order on Harmonizing Tariffs, FRS Reg D Amendment, IRS Prop Rule on Income of Foreign Governments and International Organizations, OSHA Interim Final Rule (SOX) Retaliation Complaints, HRSA Notice and Grant Notice

TFOG: Executive Order Harmonizing Tariff Schedule, FRS Final Rule Amending Reg D, IRS Proposed Rules Rule on Foreign Income,OSHA interim Final Rule w/ Comment Request on SOX § 806, SSA Notice of Recision, HRSA Notice and Grant Notice round up our look at the key updates.

Executive Order To Modify the Harmonized Tariff Schedule of the United States (read below)


FRS Final Rule Reserve Requirements of Depository Institutions (under Reg D)

SUMMARY:
The Board is amending Regulation D, Reserve Requirements of  Depository Institutions, to reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2012. The Regulation D amendments set the amount of total reservable liabilities of each depository institution that is subject to a zero percent reserve requirement in 2012 at $11.5 million(up from $10.7 million in 2011). This amount is known as the reserve requirement exemption amount. The Regulation D amendments also set the amount of net transaction accounts at each depository institution that is subject to a three percent reserve requirement in 2012 at $71.0 million (up from $58.8 million in 2011). This amount is known as the low reserve tranche. The adjustments to both of these amounts are derived using statutory formulas specified in the Federal Reserve Act. The Board is also announcing changes in two other amounts, the non exempt deposit cutoff level and the reduced reporting limit, that are used to determine the frequency at which depository institutions must submit deposit reports.

Effective date: December 5, 2011

IRS Notice of Proposed Rule Making : Income of Foreign Governments and International Organizations

SUMMARY:
This document contains proposed Income Tax Regulations that provide guidance relating to the taxation of the income of foreign governments from investments in the United States under section 892 of the Internal Revenue Code of 1986 (Code). The regulations will affect foreign governments that derive income from sources within the United States.

DATES: Written or electronic commentsand requests for a public hearing must be received by February 1, 2012.

OSHA Interim Final Rule w/ Comments Request: Procedures for the Handling of Retaliation Complaints Under Section 806 of the Sarbanes-Oxley Act of 2002,as Amended

SUMMARY:
The Occupational Safety and Health Administration (OSHA) is amending the regulations governing employee protection (‘‘retaliation’’ or ‘‘whistleblower’’) claims under section 806 of  the Corporate and Criminal Fraud Accountability Act of 2002, Title VIII of the Sarbanes-Oxley Act of 2002 (‘‘Sarbanes-Oxley’’ or ‘‘Act’’), which was amended by sections 922 and 929A of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, enacted on July 21, 2010. Public Law 111–203. These revisions to the Sarbanes-Oxley whistleblower regulations clarify and improve the procedures for handling Sarbanes-Oxley whistleblower complaints and implement statutory changes enacted into law as part of the 2010 statutory amendments. These changes to the Sarbanes-Oxley whistleblower regulations also make the procedures for handling retaliation complaints under Sarbanes-Oxley more consistent with OSHA’s procedures for handling complaints under the employee protection provisions of the Surface Transportation Assistance Act of 1982,29 CFR part 1978; the National Transit Systems Security Act and the Federal Railroad Safety Act, 29 CFR part 1982;the Consumer Product Safety Improvement Act of 2008, 29 CFR part1983; and the Employee Protection Provisions of Six Environmental Statutes and Section 211 of the Energy Reorganization Act of 1974, as amended, 29 CFR part 24.

DATES: This interim final rule is effective on November 3, 2011.


SSA Notice of rescission of Social Security Rulings. Social Security Rulings, SSR 91–1c and SSR 66–18c; Rescission of Social Security Rulings (SSR) 66–18c andSSR 91–1c

SUMMARY:
In accordance with 20 CFR402.35(b)(1), the Commissioner of SocialSecurity gives notice of the rescission of Social Security Rulings (SSR) 66–18cand SSR 91–1c.

Effective Date: This rescission will be effective on November 3, 2011

HRSA Notice: Lists of Designated Primary Medical Care, Mental Health, and Dental Health Professional Shortage Areas read below

Grant Notice: Bureau of Educational and Cultural Affairs (ECA) Request for Grant Proposals: Study of the U.S. Institutes for Women Student Leaders on Women’s Leadership

Announcement Type: New Cooperative Agreements.
Funding Opportunity Number: ECA/A/E/USS–12–22–23.
Catalog of Federal Domestic Assistance Number: 19.009.

Key Dates: May to August, 2012.

Application Deadline: December 30,2011.

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2011-28727 exec To Modify the Harmonized Tariff Schedule of the UnitedStates





2011-28048 FRS Final Rule





2011-28531 IRS Prop Rule







2011-28274 OSHA Interim Rule






2011-28533 SSA SSR 91-1c + SSR 66-18c






2011-28318 HRSA Notice





2011-28426 Grants



DCarsonCPA.com is the web presence of Dean T. Carson II, CPA a Traditional and Strategic (Advisory) CPA Practice. We connect the line on Government, Industry, Business, Non Profit and Individual Financial Decision Making with Research to bring additional value added knowledge to Client Services. In a time of increasing regulations and decreasing Operating Budgets we bring efficient services. Learn more at www.dcarsoncpa.com or reach us at info@dcarsoncpa.com .

Wednesday, November 2, 2011

TFOG - Executive Order on Small Business, Medicare Final and Interim Rule, SEC Final Rule - Technical Amendment, FRS Fed Open Market Committee, HUD SHOP Awards 2011

Today from Our Government:

Executive Order on Small Business:
Making It Easier for America’s Small Businesses and America’s Exporters to Access Government Services to Help Them Grow and Hire

Medicare Final Rule: Medicare Program; Medicare Shared Savings Program: Accountable Care Organizations:

This final rule implements section 3022 of the Affordable Care Act which contains provisions relating to Medicare payments to providers of services and suppliers participating in Accountable Care Organizations (ACOs) under the Medicare Shared Savings Program. Under these provisions, providers of services and suppliers cancontinue to receive traditional Medicare fee-for-service (FFS) payments under Parts A and B, and be eligible for additional payments if they meet specified quality and savings requirements.

DATES:These regulations are effective on January 3, 2012

Medicare: Interim Final Rule with comment period.

SUMMARY:
This interim final rule with comment period establishes waivers of the application of the Physician Self-Referral Law, the Federal anti-kickback statute , and certain civil monetary penalties (CMP) law provisions to specified arrangements involving accountable care organizations (ACOs) under section 1899 of the Social Security Act (the Act) (the Shared Savings Program), including ACOs participating in the Advance Payment Initiative. Section 1899(f) of the Act, as added by the Affordable Care Act,authorizes the Secretary to waive certain fraud and abuse laws as necessary tocarry out the provisions of section 1899 of the Act.

DATES: Effective date: These regulations are effective on November 2, 2011. Comment date: To be assured consideration, comments must be received at one of the addresses provided below, no later than 5 p.m. on January 3, 2012

SEC Final Rule: Technical Amendment to Delegation of Authority to the Director of the Division of Trading and Markets

SUMMARY:
The Securities and Exchange Commission (‘‘Commission’’) is making a technical amendment to the rule that delegates authority to the Director of the Division of Trading and Markets to grant exemptions upon specified terms,conditions, and periods to persons subject to Rule 17f–2 under the Securities Exchange Act of 1934(‘‘Exchange Act’’).

DATES: Effective Date: November 2,2011.

FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of September 20 and 21, 2011

HUD Announcement of Funding Awards for the Self-Help Home ownership Opportunity Program (SHOP) for Fiscal Year 2011

ACTION: Announcement of funding awards.


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11-2 Pres Doc


11 2 1 Medicare Prog



11 2 11 Medicare Final




SEC Rule Tech Amend



11-2 FRS Open Market



Hud

Tuesday, November 1, 2011

TFOG IRS Temp Rule and Request for Comments, FDIC Rapid Resolution for Bank Holding Cos > $50 bn, SEC Suspends trading in Curatech, 2012 Medicare Notices, FTA Capital Projects

Today from Our Government (TFOG):

IRS:

New IRS Temporary Rule eff 11/1/11 - Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities

These regulations extend the exceptions from taxes under the Federal Insurance Contributions Act (‘‘FICA’’) and the Federal Unemployment Tax Act (‘‘FUTA’’) under sections 3121(b)(3) (concerning individuals who work for certain family members), 3127 (concerning members of religious faiths), and 3306(c)(5) (concerning persons employed by children and spouses and children under 21 employed by their parents) of the Internal Revenue Code (‘‘Code’’) to entities that are disregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406.

Notice of IRS Proposed Rule Making - Extending Religious and Family Member FICA and FUTA Exceptions To Disregard Entities - open for Comments through 1/30/12:

the IRS is issuing temporary regulations to extend the exceptions from taxes under the Federal Insurance Contributions Act (‘‘FICA’’) and theFederal Unemployment Tax Act(‘‘FUTA’’) under sections 3121(b)(3),3127, and 3306(c)(5) to entities that a redisregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406. The text of those regulations also serves as the text of these proposed regulations.

FRS / FDIC Final Rule eff 11/30/11 re: Banks Holding Cos with Assets > $50 Billion Reporting of Rapid Orderly Resolution Plans in Event of Material Financial Distress or Failure:

Final rule to implement the requirement in a section of  the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’)  regarding  resolution  plans. The Dodd-Frank Act section require seach nonbank financial company designated by the Financial Stability Oversight  Council (the ‘‘Council’’) for enhanced supervision by the Board and each bank holding company with assets of  $50 billion or more to report periodically to the Board, the Corporation, and the Council the plan of such company for rapid and orderly resolution in the event of material financial distress or failure.


SEC Notice - Curatech Industries, Inc., Order of Suspension of Trading


Medicare 2012

Notice: Medicare Program; Inpatient Hospital Deductible and Hospital and Extended Care Services Coinsurance Amounts for CY 2012

Notice: Medicare Program; Part A Premiums for CY 2012 for the Uninsured Aged and for Certain Disabled Individuals Who Have Exhausted OtherEntitlement

Notice: Medicare Program; Medicare Part B Monthly Actuarial Rates, Premium Rate, and Annual Deductible Beginning January 1, 2012

DOT/FTA:

Federal Transit Administration / DOT: Notice Capital Project Management

FTA is extending the comment period on its proposed rule for Capital Project Management to December 2, 2011, to allow interested parties time to carefully review the Notice of Proposed Rulemaking (NPRM)issued September 13, 2011. Also, FTA will hold a webinar on November 10,2011, to enable the public to ask questions and to clarify any misunderstandings regarding the NPRM or the Federal Transit Administrator’s  Dear Colleague, letter of September 30,2011.

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IRS Rule Extending Religious and Family Members FICA and Futa to Disregarded Entities

IRS Prop Rule Extending Religious and Family Member FICA and FUTA Exemptions

FDIC Rules Res Plan Bank Holding Cos > $50 bn

11-1-11 SEC Trade Suspension Order


2012- Inpatient Hospital Deductible


2012 Medicare Part a Premiums for Uninsured, Aged and Disabled Who Have Exhausted Other Entitlements


2012 Part B Medicare


FTA Rule Capital Proj Management

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