[Federal Register Volume 63, Number 193 (Tuesday, October 6, 1998)]
[Notices]
[Page 53746]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26705]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Information Reporting Program Advisory Committee; Notice of
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) in response to a recommendation made by the
United States Congress. 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/practitioner 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 (IRP).
There will be a meeting of IRPAC on Wednesday and Thursday, October
28-29, 1998. The meeting will be held in Room 3313 of the Internal
Revenue Service Main Building, which is located at 1111 Constitution
Avenue, NW, Washington, DC. A summarized version of the agenda along
with a list of topics that are planned to be discussed are listed
below.
Summarized Agenda for Meeting on October 28-29, 1998
Wednesday, October 28, 1998
9:00--Meeting Opens
11:30--Break for Lunch
1:00--Meeting Resumes
4:30--Meeting Adjourns for the Day
Thursday, October 29, 1998
9:00--Meeting Reconvenes
12:00--Meeting Adjourns
The topics that are planned to be covered are as follows:
(1) Use of Form W-9 By Related Entities
(2) Content of a Year-End Accounting Statement Enclosed in a Statement
Mailing
(3) Reporting on Tuition Payments By Institutions of Higher Education
(4) Application of Alternative Documentary Evidence Test to Offshore
Accounts
(5) Gross Proceeds Reporting on the Sale of Stock Acquired by
Exercising Nonqualified Employee Stock Options.
(6) Withholding Requirements on Payments of Designated Distributions to
Corporations, Partnerships, Estates, and Trusts
(7) IRA Earnings Calculation for Excess Contributions Returned Prior to
the Tax Due Date
(8) Standardization of Name Format on Tax Forms
(9) Follow-up on Form W-2G Reporting for Slot Machine Payouts
(10) Follow-up on Combined Filing of Information Returns in Mergers and
Acquisitions
(11) Follow-up on Backup Withholding and Due Diligence Issues Resulting
from Mergers and Acquisitions
(12) Follow-up on Roth and Education IRA Reporting Issues
(13) Follow-up on Employer Authority to See and Copy the Social
Security Card
(14) Follow-up on Information Reporting for Disregarded Entities
(15) IRS Presentation on the Simplified Tax and Wage Reporting System
(STAWRS)
(16) IRS Presentation on the Electronic Federal Tax Payment System
(EFTPS)
(17) IRS Presentation by the Martinsburg Computing Center
(18) IRS Presentation on the New Employment Tax Call-Site
(19) IRS Presentation on the Revised Forms W-8
(20) IRS Presentation on the Restructuring and Reform Act of 1998
Note: Last minute changes to these topics are possible and could
prevent advance notice.
SUPPLEMENTARY INFORMATION: IRPAC reports to the National Director,
Office of Specialty Taxes, who is the executive responsible for
information reporting payer compliance. 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,
reducing burden, and improving customer service. IRPAC is currently
comprised of 17 representatives from various segments of the
information reporting payer/practitioner 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 public meetings each year.
DATES: The meeting will be open to the public, and will be in a room
that accommodates approximately 80 people, including members of IRPAC
and IRS officials. Seats are available to members of 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. Gloria Wilson no later than Friday, October 23,
1998. Ms. Wilson can be reached at 202-622-4393. Notification of intent
to attend should include your name, organization and phone number. If
you leave this information for Ms. Wilson in a voice-mail message,
please spell out all names.
A draft of the agenda will be available via facsimile transmission
the week prior to the meeting. Please call Ms. Thomasine Matthews at
202-622-4214 on or after Monday, October 19, 1998, to have a copy of
the agenda faxed to you. Please note that a draft agenda will not be
available until that date.
ADDRESSES: If you would like to have IRPAC consider a written statement
at a future IRPAC meeting (not this upcoming meeting), please write to
Kate LaBuda at the IRS, Office of Payer Compliance, OP:EX:ST:PC, Room
2013, 1111 Constitution Avenue, NW., Washington, DC, 20224.
FOR FURTHER INFORMATION CONTACT: To get on the access list to attend
this meeting, call Ms. Gloria Wilson at 202-622-4393. To have a copy of
the agenda faxed to you on or after October 19, 1998, call Ms.
Thomasine Matthews at 202-622-4214. For general information about IRPAC
call Ms. Kate LaBuda at 202-622-3404.
Dated: September 29, 1998.
Kate LaBuda,
(Acting) Director, Office of Payer Compliance, Office of Examination.
[FR Doc. 98-26705 Filed 10-5-98; 8:45 am]
BILLING CODE 4830-01-P
