[Federal Register Volume 60, Number 206 (Wednesday, October 25, 1995)]
[Notices]
[Pages 54760-54761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26484]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Information Reporting Program Advisory Committee; Meeting
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of Open Meeting of the Information Reporting Program
Advisory Committee
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SUMMARY: In 1991 the IRS established the Information Reporting Program
Advisory Committee (IRPAC). The primary purpose of IRPAC is to provide
an organized public forum for discussion of relevant information
reporting issues between the officials of the IRS and representatives
of the payer community. IRPAC offers constructive observations about
current or proposed policies, programs, and procedures and, when
necessary, suggests ways to improve the operation of the Information
Reporting Program. There will be a meeting of IRPAC on Tuesday and
Wednesday, November 14 & 15, 1995. The meeting will be held in room
3313 of the Internal Revenue Service Building. The building is located
at 1111 Constitution Avenue, Northwest, Washington, DC. The meeting
will begin at 9:30 a.m., on both days, concluding about mid-day on the
15th. Topics to be discussed are listed below along with a summarized
version of the agenda.
Summarized Agenda for Meeting on November 14 & 15, 1995
Tuesday, November 14, 1995
9:30 Public Meeting Opens
11:30 Break for Lunch
1:00 IRPAC Presentations Continue
4:00 Adjourn for the Day
Wednesday, November 15, 1995
9:30 Public Meeting Reconvenes
12:00 Adjourn
The topics that will be covered are as follows:
(1) Revision of Form 4070
(2) Reporting Nonqualified Deferred Compensation 3)
(3) Collection of IRS Forms
(4) Notional Principal Contracts
(5) TAXLINK
(6) Fringe Benefit Reporting on Form W-2
(7) Reporting Requirements for Forms 5498 and 1099R
(8) Form 4224 Recertifications
(9) Broader Usage of Form 4669
(10) Improvement in Communications with Small Business
(11) Reporting Repayments by Employees
(12) Digital Cash
(13) Medical Service Provider and Sole Proprietor Education and
Compliance
(14) Commission Payments to Unincorporated Agents
(15) Procurement Card Reporting
(16) Investment Advisor Responsibilities
(17) Merchandise and Nonreportable Services
Note: Last minute changes to the topics under discussion are
possible and could prevent advance notice.
SUPPLEMENTARY INFORMATION: IRPAC reports to the National Director,
Service Center Compliance Operations, who is the executive responsible
for information reporting and is charged with its systemwide planning
and improvement. IRPAC is instrumental in providing advice to enhance
the IRP Program. Increasing participation by external stakeholders in
the planning and improvement of the tax system will help achieve the
goals of increasing voluntary compliance and reduction of burden. IRPAC
is currently comprised of 20 representatives from various segments of
the private sector payer community. IRPAC members are not paid for
their time or services, but consistent with Federal regulations, they
are reimbursed for their travel and lodging expenses to attend two
meetings each year.
DATES: The meeting, which will be open to the public, will be in a room
that accommodates approximately 75 people, including members of IRPAC
and IRS officials. Seats are available to the public on a first-come,
first-served basis. In order to get your name on the building access
list, notification of intent to attend this meeting must be made with
Ms. Tommie Matthews no later than Thursday, November 9, 1995. Ms.
Matthews can be reached at 202-622-4214 (not a toll-free number).
Notification of intent to attend should include your name, organization
and phone number.
[[Page 54761]]
ADDRESSES: If you would like to have IRPAC consider a written
statement, please write to Kate LaBuda at IRS, Office of Service Center
Compliance, CP:CO:SC:P, room 2013, 1111 Constitution Avenue, NW.,
Washington, DC, 20224.
FOR FURTHER INFORMATION CONTACT: To give notification of intent to
attend this meeting, call Ms. Tommie Matthews at 202-622-4214 (not a
toll-free number). For general information about IRPAC or the agenda
for this meeting, call Kate LaBuda at 202-622-3404 (not a toll-free
number).
Dated: October 17, 1995.
Larry Faulkner,
Director, Office of Payer Compliance, Service Center Compliance.
[FR Doc. 95-26484 Filed 10-24-95; 8:45 am]
BILLING CODE 4830-01-U
