00-56. Communications Excise Tax; Prepaid Telephone Cards  

  • [Federal Register Volume 65, Number 5 (Friday, January 7, 2000)]
    [Rules and Regulations]
    [Pages 1056-1059]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 00-56]
    
    
    
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    DEPARTMENT OF THE TREASURY
    
    Internal Revenue Service
    
    26 CFR Parts 49 and 602
    
    [TD 8855]
    RIN 1545-AV63
    
    
    Communications Excise Tax; Prepaid Telephone Cards
    
    AGENCY: Internal Revenue Service (IRS), Treasury.
    
    ACTION: Final regulations
    
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    SUMMARY: This document contains final regulations relating to the 
    application of the communications excise tax to prepaid telephone cards 
    (PTCs). The regulations implement certain changes made by the Taxpayer 
    Relief Act of 1997. They affect certain telecommunications carriers, 
    resellers, and purchasers of PTCs.
    
    DATES: Effective Dates: These regulations are effective January 7, 
    2000.
        Applicability Dates: For the date of applicability, see 
    Sec. 49.4251-4(f).
    
    FOR FURTHER INFORMATION CONTACT: Bernard H. Weberman (202) 622-3130 
    (not a toll-free number).
    
    SUPPLEMENTARY INFORMATION:
    
    Paperwork Reduction Act
    
        The collection of information contained in these final regulations 
    has been approved by the Office of Management and Budget in accordance 
    with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 
    1545-1628. Responses to this collection of information are required to 
    obtain a tax benefit.
        An agency may not conduct or sponsor, and a person is not required 
    to respond to, a collection of information unless the collection of 
    information displays a valid control number.
        The estimated average burden per respondent is 0.25 hour. The 
    estimated average annual burden per recordkeeper is 1.2 hours.
        Comments concerning the accuracy of this burden estimate and 
    suggestions for reducing this burden should be sent to the Internal 
    Revenue Service, Attn: IRS Reports Clearance Officer, OP:FS:FP, 
    Washington, DC 20224, and to the Office of Management and Budget, Attn: 
    Desk Officer for the Department of the Treasury, Office of Information 
    and Regulatory Affairs, Washington, DC 20503.
        Books or records relating to this collection of information must be 
    retained as long as their contents may become material in the 
    administration of any internal revenue law. Generally, tax returns and 
    tax return information are confidential, as required by 26 U.S.C. 6103.
    
    Background
    
        On December 17, 1998, a notice of proposed rulemaking (REG-118620-
    97) was published in the Federal Register (63 FR 69585). Three written 
    comments were received but no hearing was held because no requests to 
    speak were received. The proposed regulations are adopted as revised by 
    this Treasury decision.
        The principal concerns of the commenters related to the rules for 
    determining the face amount of an untariffed unit card transferred to a 
    transferee reseller. The proposed regulations provide that the face 
    amount can be determined by reference to actual retail sales by the 
    carrier, by reference to the price at which the PTC is sold to the 
    transferee reseller, or by reference to the minutes of domestic 
    communications service provided by the PTC. One commenter requested 
    additional explanation of the basis for these rules. Another suggested 
    that in many situations, particularly in the case of high-denomination 
    (for example, multi-hour) PTCs, none of the proposed methods for 
    determining the face amount will accurately reflect the true retail 
    value of the PTC. This commenter also suggested that if a carrier can 
    substantiate the actual retail price of a PTC it should have the option 
    of treating that price as the face amount.
        The final regulations modify the rules relating to untariffed unit 
    cards in three respects. First, they clarify that when the face amount 
    is determined by reference to actual retail sales by the carrier, the 
    retail sales taken into account are sales of PTCs that provide the same 
    type and amount of communications service. The final regulations also 
    modify the markup percentage used when the face amount is determined by 
    reference to the price at which the carrier sells the PTC to the 
    transferee reseller. The proposed regulations apply a markup of 65 
    percent. Under the final regulations, the markup is reduced to 35 
    percent to correspond more closely to markups in the retail sector 
    generally. Lastly, the final regulations modify the rule for 
    determining the face amount by reference to the minutes of domestic 
    communications service provided by the PTC. The proposed regulations 
    provide that the face amount may be determined by multiplying the 
    number of minutes by a flat $0.30 per-minute rate. As noted in the 
    comments, however, a high-denomination PTC generally provides lower 
    cost service on a per-minute basis than an otherwise equivalent low-
    denomination PTC. Accordingly, the final regulations provide that the 
    per-minute rate used to determine face amount is reduced from $0.30 per 
    minute to $0.20 per minute as the amount of domestic communications 
    service provided by a PTC increases from 40 to 240 minutes.
        For sales to transferee resellers, the final regulations do not 
    permit carriers that can substantiate the actual retail price of a PTC 
    to use that price as the face amount. The IRS and Treasury Department 
    believe that the modifications to the methods for determining face 
    amount address concerns that the prescribed methods may overstate the 
    face amount. Moreover, a system based on the actual retail sale price 
    when the retail sale is made by a person other than the carrier could 
    prove very difficult for the IRS to administer because of the 
    difficulty of verifying the prices at which PTCs are sold by large 
    numbers of small retailers that may have acquired the PTCs indirectly 
    through one or more transferee resellers.
        Commenters also suggested that state and local taxes should be 
    excluded from the face amount even if they are not separately stated. 
    In general, the comments propose an exclusion based on the average 
    amount of state and local taxes imposed on the carrier's PTCs. These 
    suggestions were not adopted. Section 4254(c) excludes from the section 
    4251 tax base only those state and local taxes that are imposed on the 
    sale or furnishing of communications services and that are separately 
    stated in the bill. A tax that is not separately stated (because, for 
    example, it is imposed after the taxable sale of the PTC and its amount 
    is not known at the time of the sale) does not qualify for this 
    exclusion.
        The regulations apply to PTCs transferred by carriers in calendar 
    quarters beginning after January 7, 2000. Carriers and transferees may, 
    however, rely on the regulations in determining the tax treatment of 
    PTCs transferred in quarters beginning on or before that date.
    
    Special Analyses
    
        It has been determined that this Treasury decision is not a 
    significant regulatory action as defined in Executive Order 12866. 
    Therefore, a regulatory assessment is not required. It also has been 
    determined that section 553(b) of the Administrative Procedure Act (5 
    U.S.C. chapter 5) does not apply to these regulations. It is hereby 
    certified that the collection of information in these regulations will 
    not
    
    [[Page 1057]]
    
    have a significant economic impact on a substantial number of small 
    entities. This certification is based on the fact that the time 
    required to prepare or retain the notification is minimal and will not 
    have a significant impact on those small entities that are required to 
    provide notification. Furthermore, notification is provided only once 
    to each seller. Accordingly, a Regulatory Flexibility Analysis under 
    the Regulatory Flexibility Act (5 U.S.C. chapter 6) is not required. 
    Pursuant to section 7805(f) of the Internal Revenue Code, the notice of 
    proposed rulemaking preceding these regulations was submitted to the 
    Chief Counsel for Advocacy of the Small Business Administration for 
    comment on its impact on small business.
        Drafting Information: The principal author of these regulations is 
    Bernard H. Weberman, Office of Assistant Chief Counsel (Passthroughs 
    and Special Industries). However, other personnel from the IRS and 
    Treasury Department participated in their development.
    
    List of Subjects
    
    26 CFR Part 49
    
        Excise taxes, Reporting and recordkeeping requirements, Telephone, 
    Transportation.
    
    26 CFR Part 602
    
        Reporting and recordkeeping requirements.
    
    Adoption of Amendments to the Regulations
    
        Accordingly, 26 CFR parts 49 and 602 are amended as follows:
    
    PART 49--FACILITIES AND SERVICES EXCISE TAXES
    
        Paragraph 1. The authority citation for part 49 is revised to read 
    as follows:
    
        Authority: 26 U.S.C. 7805.
        Section 49.4251-4 also issued under 26 U.S.C. 4251(d).
    
        Par. 2. Section 49.4251-4 is added to read as follows:
    
    
    Sec. 49.4251-4  Prepaid telephone cards.
    
        (a) In general. In the case of communications services acquired by 
    means of a prepaid telephone card (PTC), the face amount of the PTC is 
    treated as an amount paid for communications services and that amount 
    is treated as paid when the PTC is transferred by any carrier to any 
    person that is not a carrier. This section provides rules for the 
    application of the section 4251 tax to PTCs.
        (b) Definitions. The following definitions apply to this section:
        Carrier means a telecommunications carrier as defined in 47 U.S.C. 
    153.
        Comparable PTC means a currently available dollar card or tariffed 
    unit card (other than a PTC transferred in bulk or under special 
    circumstances, such as for promotional purposes) that provides the same 
    type and amount of communications services as the PTC to which it is 
    being compared.
        Dollar card means a PTC the value of which is designated by the 
    carrier in dollars (even if also designated in units of service), 
    provided that the designated value is not less than the amount for 
    which the PTC is expected to be sold to a holder.
        Holder means a person that purchases other than for resale.
        Prepaid telephone card (PTC) means a card or similar arrangement 
    that permits its holder to obtain a fixed amount of communications 
    services by means of a code (such as a personal identification number 
    (PIN)) or other access device provided by the carrier and to pay for 
    those services in advance.
        Tariff means a schedule of rates and regulations filed by a carrier 
    with the Federal Communications Commission.
        Tariffed unit card means a unit card that is transferred by a 
    carrier--
        (1) To a holder at a price that does not exceed the designated 
    number of units on the PTC multiplied by the carrier's tariffed price 
    per unit; or
        (2) To a transferee reseller subject to a contractual or other 
    arrangement under which the price at which the PTC is sold to a holder 
    will not exceed the designated number of units on the PTC multiplied by 
    the carrier's tariffed price per unit.
        Transferee means the first person that is not a carrier to whom a 
    PTC is transferred by a carrier.
        Transferee reseller means a transferee that purchases a PTC for 
    resale.
        Unit card means a PTC other than a dollar card.
        Untariffed unit card means a unit card other than a tariffed unit 
    card.
        (c) Determination of face amount--(1) Dollar card. The face amount 
    of a dollar card is the designated dollar value.
        (2) Tariffed unit card. The face amount of a tariffed unit card is 
    the designated number of units on the PTC multiplied by the tariffed 
    price per unit.
        (3) Untariffed unit card--(i) Transfer to holder. The face amount 
    of an untariffed unit card transferred by a carrier to a holder is the 
    amount for which the carrier sells the PTC to the holder.
        (ii) Transfer to transferee reseller--(A) In general. The face 
    amount of an untariffed unit card transferred by a carrier to a 
    transferee reseller is at the option of the carrier--
        (1) The highest amount for which the carrier sells a PTC that 
    provides the same type and amount of communications services to a 
    holder that ordinarily would not be expected to buy more than one such 
    PTC at a time (if the carrier makes such sales on a regular and arm's-
    length basis) or the face amount of a comparable PTC (if the carrier 
    does not make such sales on a regular and arm's-length basis);
        (2) 135 percent of the amount for which the carrier sells the PTC 
    to the transferee reseller (including in that amount, in addition to 
    any sum certain fixed at the time of the sale, any contingent amount 
    per unit multiplied by the designated number of units on the PTC); or
        (3) If the PTC is of a type that ordinarily is used entirely for 
    domestic communications service, the maximum number of minutes of 
    domestic communications service on the PTC multiplied by the applicable 
    rate.
        (B) Applicable rate. The applicable rate under paragraph 
    (c)(3)(ii)(A)(3) of this section with respect to a PTC is $0.30 reduced 
    (but not below $0.20) by $0.01 for each full 20 minutes by which the 
    maximum number of minutes of domestic communications service on the PTC 
    exceeds 40 minutes.
        (C) Sales not at arm's length. In the case of a transfer of an 
    untariffed unit card by a carrier to a transferee reseller otherwise 
    than through an arm's-length transaction, the fair market retail value 
    of the PTC shall be substituted for the amount determined in paragraph 
    (c)(3)(ii)(A)(2) of this section.
        (4) Exclusion. The amount of any state or local tax imposed on the 
    furnishing or sale of communications services that is separately stated 
    in the bill or on the face of the PTC and the amount of any section 
    4251 tax separately stated in the bill or on the face of the PTC are 
    disregarded in determining, for purposes of this paragraph (c), the 
    amount for which a PTC is sold.
        (d) Liability for tax--(1) In general. Under section 4251(d), the 
    section 4251(a) tax is imposed on the transfer of a PTC by a carrier to 
    a transferee. The person liable for the tax is the transferee. Except 
    as provided in paragraph (d)(2) of this section, the person responsible 
    for collecting the tax is the carrier transferring the PTC to the 
    transferee. If a holder purchases a PTC from a transferee reseller, the 
    amount the holder pays for the PTC is not treated as an amount paid for 
    communications services and thus tax is not imposed on that payment.
        (2) Effect of statement that purchaser is a carrier--(i) On 
    transferor. A carrier that transfers a PTC to a purchaser is not
    
    [[Page 1058]]
    
    responsible for collecting the tax if, at the time of transfer, the 
    transferor carrier has received written notification from the purchaser 
    that the purchaser is a carrier, and the transferor has no reason to 
    believe otherwise. The notification to be provided by the purchaser is 
    a statement, signed under penalties of perjury by a person with 
    authority to bind the purchaser, that the purchaser is a carrier (as 
    defined in paragraph (b) of this section). The statement is not 
    required to take any particular form.
        (ii) On purchaser. If a purchaser that is not a carrier provides 
    the notification described in paragraph (d)(2)(i) of this section to 
    the carrier that transfers a PTC, the purchaser remains liable for the 
    tax imposed on the transfer of the PTC.
        (3) Exemptions. Any exemptions available under section 4253 apply 
    to the transfer of a PTC from a carrier to a holder. Section 4253 does 
    not apply to the transfer of a PTC from a carrier to a transferee 
    reseller.
        (e) Examples. The following examples illustrate the provisions of 
    this section:
    
        Example 1. Unit card; sold to individual. (i) On May 1, 2000, A, 
    a carrier, sells a card it calls a prepaid telephone card at A's 
    retail store to P, an individual, for P's use in making telephone 
    calls. A provides P with a PIN. The value of the card is not 
    denominated in dollars, but the face of the card is marked 30 
    minutes. The sales price is $9. A tariff has not been filed for the 
    minutes on the card. The toll telephone service acquired by 
    purchasing the card will be obtained by entering the PIN and the 
    telephone number to be called.
        (ii) Because P purchased from a carrier other than for resale, P 
    is a holder. The card provides its holder, P, with a fixed amount of 
    communications services (30 minutes of toll telephone service) to be 
    obtained by means of a PIN, for which P pays in advance of obtaining 
    service; therefore, the card is a PTC. Because the value of the PTC 
    is not designated in dollars and a tariff has not been filed for the 
    minutes on the PTC, the PTC is an untariffed unit card. Because it 
    is transferred by the carrier to the holder, the face amount is the 
    sales price ($9).
        (iii) The card is a PTC; thus, under section 4251(d), the face 
    amount is treated as an amount paid for communications services and 
    that amount is treated as paid when the PTC is transferred from A to 
    P. Accordingly, at the time of transfer, P is liable for the 3 
    percent tax imposed by section 4251(a). The amount of the tax is 
    $0.27 (3%  x  the $9 face amount). Thus, the total paid by P is 
    $9.27, the $9 sales price plus $0.27 tax. A is responsible for 
    collecting the tax from P.
        Example 2. Unit card; given to individual. (i) The facts are the 
    same as in Example 1, except that instead of selling a card, A gives 
    a 30 minute card to P.
        (ii) Although the card provides P with a fixed amount of 
    communications services (30 minutes of toll telephone service) to be 
    obtained by means of a PIN, P does not pay for the service. 
    Therefore, the card is not a PTC, even though it is called a prepaid 
    telephone card by A.
        (iii) Because the card is not a PTC, section 4251(d) does not 
    apply. Furthermore, no tax is imposed by section 4251(a) because no 
    amount is paid for the communications services.
        Example 3. Unit card; adding value. (i) After using the card 
    described in Example 2, P arranges with A by telephone to have 30 
    minutes of toll telephone service added to the card. The sales price 
    is $9. P is told to continue using the PIN provided with the card.
        (ii) Because P purchased from a carrier other than for resale, P 
    is a holder. The arrangement provides its holder, P, with a fixed 
    amount of communications services (30 minutes of toll telephone 
    service) to be obtained by means of a PIN, for which P pays in 
    advance of obtaining service; therefore, the arrangement is a PTC. 
    Because the value of the PTC is not designated in dollars and a 
    tariff has not been filed for the minutes on the PTC, the PTC is an 
    untariffed unit card. Because it is transferred by the carrier to 
    the holder, the face amount is the sales price ($9).
        (iii) The arrangement is a PTC; thus, under section 4251(d), the 
    face amount is treated as an amount paid for communications services 
    and that amount is treated as paid when the PTC is transferred from 
    A to P. Accordingly, at the time of transfer, P is liable for the 3 
    percent tax imposed by section 4251(a). The amount of the tax is 
    $0.27 (3%  x  the $9 face amount). Thus, the total paid by P is 
    $9.27, the $9 sales price plus $0.27 tax. A is responsible for 
    collecting the tax from P.
        Example 4. Dollar card; sold other than for resale. (i) On May 
    1, 2000, B, a carrier, sells 100,000 cards it calls prepaid 
    telephone cards to Q, an auto dealer, for $50,000. Q will give away 
    a card to each person that visits Q's dealership. B provides Q with 
    a PIN for each card. The face of each card is marked $3. The toll 
    telephone service acquired by purchasing the card will be obtained 
    by entering the PIN and the telephone number to be called.
        (ii) Because Q purchased from a carrier other than for resale, Q 
    is a holder. Each card provides its holder, Q, with a fixed amount 
    of communications services ($3 of toll telephone service) to be 
    obtained by means of a PIN, for which Q pays in advance of obtaining 
    service; therefore, each card is a PTC even though Q's visitors do 
    not pay for the cards. The value of each PTC is designated in 
    dollars; therefore, each PTC is a dollar card. Because the PTC is a 
    dollar card, the face amount is the designated dollar value ($3).
        (iii) The cards are PTCs; thus, under section 4251(d), the face 
    amount is treated as an amount paid for communications services and 
    that amount is treated as paid when the PTCs are transferred from B 
    to Q. Accordingly, at the time of transfer, Q is liable for the 3 
    percent tax imposed by section 4251(a). The amount of the tax is 
    $9,000 (3%  x  the $3 face amount  x  100,000 PTCs). Thus, the total 
    paid by Q is $59,000, the $50,000 sales price plus $9,000 tax. B is 
    responsible for collecting the tax from Q.
        Example 5. Tariffed unit card; sold to transferee reseller. (i) 
    On May 1, 2000, C, a carrier, sells 1,000 cards it calls prepaid 
    telephone cards to R, a convenience store owner, for $7,000. C 
    provides R with a PIN for each card. The value of the cards is not 
    denominated in dollars, but the face of each card is marked 30 
    minutes and a tariff of $0.33 per minute has been filed for the 
    minutes on each card. R agrees that it will sell the cards to 
    individuals for their own use and at a price that does not exceed 
    $0.33 per minute. R actually sells the cards for $9 each (that is, 
    at a price equivalent to $0.30 per minute). The toll telephone 
    service acquired by purchasing the card will be obtained by entering 
    the PIN and the telephone number to be called.
        (ii) Because R purchased from a carrier for resale, R is a 
    transferee reseller. Because R's customers will purchase other than 
    for resale, they will be holders. Each card sold by R provides its 
    holder, R's customer, with a fixed amount of communications services 
    (30 minutes of toll telephone service) to be obtained by means of a 
    PIN provided by the carrier, for which R's customer pays in advance 
    of obtaining service; therefore, each card is a PTC. Because the 
    value of each PTC is not designated in dollars and C sells the PTCs 
    to R subject to an arrangement under which the price at which the 
    PTCs are sold to holders will not exceed the designated number of 
    minutes on the PTC multiplied by C's tariffed price per minute, each 
    PTC is a tariffed unit card. Because the PTCs are tariffed unit 
    cards, the face amount of each PTC is $9.90, the designated number 
    of minutes on the PTC multiplied by the tariffed price per minute 
    (30  x  $0.33), even though the retail sale price of each card is 
    $9.
        (iii) The cards are PTCs; thus, under section 4251(d), the face 
    amount is treated as an amount paid for communications services and 
    that amount is treated as paid when the PTC is transferred from C to 
    R. Accordingly, at the time of transfer, R is liable for the 3 
    percent tax imposed by section 4251(a). The amount of the tax is 
    $297 (3%  x  the $9.90 face amount  x  1,000 PTCs). Thus, the total 
    paid by R is $7,297, the $7,000 sales price plus $297 tax. C is 
    responsible for collecting the tax from R.
        Example 6. Unit card; sold to transferee reseller. (i) On May 1, 
    2000, D, a carrier, sells 10,000 cards it calls prepaid telephone 
    cards to S, a convenience store owner, for $60,000. D provides S 
    with a PIN for each card. The value of the cards is not denominated 
    in dollars, but the face of each card is marked 30 minutes. A tariff 
    has not been filed for the minutes on each card. S will sell the 
    cards to individuals for their own use for $9 each. D also sells a 
    card that provides 30 minutes of the same type of communications 
    service at its retail store for $9. The toll telephone service 
    acquired by purchasing the card will be obtained by entering the PIN 
    and the telephone number to be called.
        (ii) Because S purchased from a carrier for resale, S is a 
    transferee reseller. Because S's customers will purchase other than 
    for resale, they will be holders. Each card sold by S provides its 
    holder, S's customer, with a fixed amount of communications services 
    (30 minutes of toll telephone service) to be
    
    [[Page 1059]]
    
    obtained by means of a PIN provided by the carrier, for which S's 
    customer pays in advance of obtaining service; therefore, each card 
    is a PTC. Because the value of each PTC is not designated in dollars 
    and a tariff has not been filed for the minutes on the PTC, each PTC 
    is an untariffed unit card.
        (iii) The PTCs are untariffed unit cards transferred by the 
    carrier to a transferee reseller. Thus, the face amount is 
    determined under paragraph (c)(3)(ii) of this section, which permits 
    D to choose from three alternative methods. Under paragraph 
    (c)(3)(ii)(A)(1) of this section, the face amount of each PTC would 
    be $9, the highest amount for which D sells to holders purchasing a 
    single PTC. Alternatively, under paragraph (c)(3)(ii)(A)(2) of this 
    section, the face amount of each PTC would be $8.10, computed as 
    follows: 135%  x  the $60,000 sales price  x  10,000 PTCs. Finally, 
    under paragraph (c)(3)(ii)(A)(3) of this section (assuming the PTCs 
    are of a type that ordinarily is used entirely for domestic 
    communications services), the face amount of each PTC would be $9 
    ($0.30  x  30 minutes).
        (iv) The cards are PTCs; thus, under section 4251(d), the face 
    amount is treated as an amount paid for communications services and 
    that amount is treated as paid when the PTCs are transferred from D 
    to S. Accordingly, at the time of transfer, S is liable for the 3 
    percent tax imposed by section 4251(a). Assuming that D chooses to 
    determine the face amount as provided in paragraph (c)(3)(ii)(A)(2) 
    of this section, the amount of the tax is $2,430 (3% x the $8.10 
    face amount x 10,000 PTCs). Thus, the total paid by S is $62,430, 
    the $60,000 sales price plus $2,430 tax. D is responsible for 
    collecting the tax from S.
        Example 7. Transfer of card that is not a PTC. (i) On May 1, 
    2000, E, a carrier, provides a telephone card to T, an individual, 
    for T's use in making telephone calls. E provides T with a PIN. The 
    card provides access to an unlimited amount of communications 
    services. E charges T $0.25 per minute of service, and bills T 
    monthly for services used. The communications services acquired by 
    using the card will be obtained by entering the PIN and the 
    telephone number to be called.
        (ii) Although the communications services will be obtained by 
    means of a PIN, T does not receive a fixed amount of communications 
    services. Also, T cannot pay in advance since the amount of T's 
    payment obligation depends upon the number of minutes used. 
    Therefore, the card is not a PTC.
        (iii) Because the card is not a PTC, section 4251(d) does not 
    apply. However, the 3 percent tax imposed by section 4251(a) applies 
    to the amounts paid by T to E for the communications services. 
    Accordingly, at the time an amount is paid for communications 
    services, T is liable for tax. E is responsible for collecting the 
    tax from T.
    
        (f) Effective date. This section is applicable with respect to PTCs 
    transferred by a carrier on or after the first day of the first 
    calendar quarter beginning after January 7, 2000.
    
    PART 602--OMB CONTROL NUMBERS UNDER THE PAPERWORK REDUCTION ACT
    
        Par. 3. The authority citation for part 602 continues to read as 
    follows:
    
        Authority: 26 U.S.C. 7805.
    
        Par. 4. In Sec. 602.101, paragraph (b) is amended by adding an 
    entry in numerical order to the table to read as follows:
    
    
    Sec. 602.101  OMB Control numbers.
    
    * * * * *
        (b) * * *
    
    ------------------------------------------------------------------------
                                                                Current OMB
       CFR part or section where identified and described       control No.
    ------------------------------------------------------------------------
     
                     *        *        *        *          *
    49.4251-(4)(d)(2).......................................       1545-1628
     
                     *        *        *        *          *
    ------------------------------------------------------------------------
    
    John M. Dalrymple,
    Acting Deputy Commissioner of Internal Revenue.
        Approved: December 13, 1999.
    Jonathan Talisman,
    Acting Assistant Secretary of the Treasury.
    [FR Doc. 00-56 Filed 1-6-00; 8:45 am]
    BILLING CODE 4830-01-U
    
    
    

Document Information

Published:
01/07/2000
Department:
Internal Revenue Service
Entry Type:
Rule
Action:
Final regulations
Document Number:
00-56
Pages:
1056-1059 (4 pages)
Docket Numbers:
TD 8855
RINs:
1545-AV63: Prepaid Telephone Cards
RIN Links:
https://www.federalregister.gov/regulations/1545-AV63/prepaid-telephone-cards
PDF File:
00-56.pdf
CFR: (2)
26 CFR 602.101
26 CFR 49.4251-4