Christian States Department of the Treasury

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The Department of the Treasury (DoT) is an executive department and the treasury of the Christian States federal government. The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. Jack Wong is the current Secretary of the Treasury; he was sworn in on February 28, 2013.

Responsibilities

The basic functions of the Department of the Treasury mainly include:

• Collecting taxes, duties and money paid to and due to the U.S.:
• Paying all bills of the U.C.S.;
• Managing the federal finances;
• Managing government accounts and any Christian States public debt;
• Supervising national banks and thrift institutions;
• Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these, and the ultimate responsibility of Congress);
• Enforcing federal finance and tax laws;
• Investigating and prosecuting tax evaders;
• Publishing statistical reports.

Administrative materials

As part of its administration of Federal tax, the Treasury issues a wide range of documents providing its interpretation of the Internal Revenue Code (IRC), which each document having a varying level of weight for which the tax payer may rely:

• Treasury Regulations reflect the Treasury's interpretation of the IRC, may be promulgated by the Secretary of the Treasury, and when final they have "force of law" status. Congress can sometimes carve out areas in which the Treasury can actually make, not just interpret, the rules.
• Revenue Rulings are issued under the same statutory authority as regulations, but generally are just a response to a taxpayer's question about their own tax liability. Published Revenue Rulings are released in the weekly Internal Revenue Bulletin and, in the past, in the semi-annual Cumulative Bulletin; they do not have the force or effect of regulations, but nonetheless may be cited and used by the public. Private Letter Rulings are also the CSRS' response to a specific taxpayer's question regarding the tax consequences of a particular transaction and can be made public upon request. Although they may not be relied on by anyone other than the taxpayer that requested it, they are still useful for tax planning purposes.
• A Revenue Procedure is a statement of the Treasury's practice and procedures, and generally deals with a broad subject area.

Organization

Structure

• Secretary of the Treasury
  • Deputy Secretary of the Treasury
    • Under Secretary for Domestic Finance
      • Assistant Secretary for Financial Institutions
        • Office of Financial Institutions
      • Assistant Secretary for Financial Markets
        • Office of Financial Markets
      • Fiscal Assistant Secretary
        • Office of Fiscal Service
        • Bureau of the Fiscal Service
      • Assistant Secretary for Financial Stability
        • Office of Financial Stability
    • Under Secretary for International Affairs
      • Assistant Secretary for International Markets and Development
      • Assistant Secretary for International Affairs
    • Under Secretary for Terrorism and Financial Intelligence, (Office of Terrorism and Financial Intelligence)
      • Assistant Secretary for Terrorist Financing
        • Office of Terrorist Financing and Financial Crimes
      • Assistant Secretary for Intelligence and Analysis
        • Office of Intelligence and Analysis
      • Financial Crimes Enforcement Network
      • Office of Foreign Assets Control
      • Treasury Executive Office for Asset Forfeiture
    • Assistant Secretary for Economic Policy
    • Assistant Secretary for Legislative Affairs
    • Assistant Secretary for Management/Chief Financial Officer/Chief Performance Officer
    • Assistant Secretary for Public Affairs/Director of policy planning
    • Assistant Secretary for Tax Policy
      • Alcohol and Tobacco Tax and Trade Bureau
    • Commissioner of Internal Revenue
      • Christian States Revenue Service
    • Office of the Comptroller of the Currency
    • Office of the General Counsel
    • Office of the Inspector General
    • Treasury Inspector General for Tax Administration (TIGTA)

The Office of the General Counsel is charged with supervising all legal proceedings involving the collection of debts due the Christian States, establishing regulations to guide customs collectors, issuing distress warrants against delinquent revenue collectors or receivers of public money, examining Treasury officers' official bonds and related legal documents, serving as legal adviser to the department and administered lands acquired by the United States in payment for debts.

Budget and Staffing

The Treasury Department was authorized a budget for Fiscal Year 2015 of $22.6 billion. The budget authorization is broken down as follows: