[Federal Register Volume 61, Number 81 (Thursday, April 25, 1996)]
[Notices]
[Pages 18464-18465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10281]



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DEPARTMENT OF TREASURY


Internal Revenue Service

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 (IRP).
    There will be a meeting of IRPAC on Tuesday and Wednesday, May 14-
15, 1996. The meeting will be held in Room 3313 of the Internal Revenue 
Service Building, which is located at 1111 Constitution Avenue, NW., 
Washington, DC. A summarized version of the agenda along with a list of 
topics that will be discussed are listed below.

Summarized Agenda for Meeting on May 14-15, 1996

Tuesday, May 14, 1996

9:30  Public Meeting Opens
11:30  Break for Lunch
1:00  IRPAC Presentations Continue
4:00  Adjourn for the Day

Wednesday, May 15, 1996

9:30  Public Meeting Reconvenes
12:00  Adjourn

    The topics that will be covered are as follows:

(1) Combined Filing by Successor Corporations
(2) Non-Resident Alien Reporting Issues and Update
(3) Discharge of Indebtedness for Foreign Subsidiaries
(4) Bar Coding on Recipient/State Copies of Information Returns
(5) Renumbering of Boxes on Form 1099-B
(6) Tax Deposit Reconciliations of Form 945 with Form 1099 Withholding
(7) Clarifications in Annual Instructions for Forms 1099, 1098, and W-
2G
(8) Simplified Tax and Wage Reporting System (STAWRS) Update
(9) Form W-9 Instructions Clarifications
(10) Closing Agreements in lieu of Corrected 1099's
(11) Dividends on Employee Stock Ownership Plans (ESOP)
(12) Rollovers of Ineligible Amounts
(13) Form 5498, New Box 5 for 1996
(14) Logos on Form 1099 Payee Statements
(15) Electronic Financial Tax Payment System (EFTPS) Update
(16) Updates on Martinsburg Computing Center Seminars and Faxback of 
IRP Forms
(17) SS-8 Determination Centers Update
(18) Update on Federal/State Information Reporting Initiatives
(19) Form 1040 Instructions Regarding Mortgage Interest

    Note: Last minute changes to these topics are possible and could 
prevent advance notice.


[[Page 18465]]


SUPPLEMENTARY INFORMATION: IRPAC reports to the National Director, 
Office of Service Center Compliance, who is the executive responsible 
for information reporting and is charged with its system wide 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 will be open to the public, and will be in a room 
that accommodates approximately 90 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 Friday, May 10, 1996. 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. If you leave this information for Ms. Matthews 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. Matthews on or after Monday May 6, 1996 to have a copy 
of the agenda faxed to you. Please note that a draft agenda will not be 
available until Monday, May 6.

ADDRESSES: If you would like to have IRPAC consider a written statement 
at a future IRPAC meeting (not the May 1996 meeting), 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 call Kate LaBuda 
at 202-622-3404 (not a toll-free number).

    Dated: April 18, 1996.
Bob Longford,
(Acting) Director, Office of Payer Compliance, Service Center 
Compliance.
[FR Doc. 96-10281 Filed 4-24-96; 8:45 am]
BILLING CODE 4830-01-U