[Federal Register Volume 63, Number 62 (Wednesday, April 1, 1998)]
[Notices]
[Pages 15917-15918]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-8556]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Open Meeting of the Information Reporting Program Advisory 
Committee

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice.

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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 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, April 
29-30, 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 April 29-30, 1998

Wednesday, April 29, 1998

 9:00  Meeting Opens
11:30  Break for Lunch
 1:00  Meeting Resumes
 4:30  Meeting Adjourns for the Day

Thursday, April 30, 1998

 9:00  Meeting Reconvenes
12:00  Meeting Adjourns

    The topics that are planned to be covered are as follows:

(1) Reporting OID Income on Treasury Obligations on Form 1099-OID
(2) Separate Reporting on Forms 1099-INT and 1099-OID of Investment 
Expenses Allocated to Holders of Stripped Mortgage Obligations
(3) Reporting of Payments Following an Employee's Death
(4) Student Loan Interest Reporting
(5) Guidance on Claiming Exemptions on Form W-4
(6) Form 1099-MISC Filing Educational Initiative
(7) Roth Individual Retirement Account (IRA) and Education IRA
(8) Revision of Form SS-8
(9) Reporting Settlement Payments Made to Attorneys
(10) Employer Authority to See and Copy the Social Security Card
(11) Reporting Notional Principal Contract Income
(12) Section 1441 Transition Rules for Existing Documentation
(13) Follow-up Discussion on Form W-2G Reporting for Slot Machine 
Payouts
(14) Follow-up Discussion on Disbursements to Contractors & 
Subcontractors and Escrow Fund Disbursements
(15) Follow-up Discussion on IRP Closing Agreements
(16) Follow-up Discussion on Reporting related to the Uniformed 
Services

[[Page 15918]]

Employment and Reemployment Rights Act of 1994 (USERRA)
(17) Follow-up on Form W-2c Requirement for Address Corrections
(18) Follow-up on Alternative Signatures
(19) Update on IRS Certifications for Real Estate Transactions
(20) Update on New Forms W-8
(21) Update on Qualified Intermediaries
(22) Martinsburg Computing Center Update--IRP Seminars & Electronic 
Filing
(23) Social Security Administration Update on Unmatchable Forms W-2

    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 18 representatives from various segments of the 
information reporting 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 
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, April 24, 
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, April 20, 1998, to have a copy of the 
agenda faxed to you. Please note that a draft agenda will not be 
available until Monday, April 20, 1998.

ADDRESSES: If you would like to have IRPAC consider a written statement 
at a future IRPAC meeting (not the April 1998 meeting), please write to 
Kate LaBuda at IRS, Office of Payer Compliance, CP: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 April 20, 1998, call Ms. Thomasine 
Matthews at 202-622-4214. For general information about IRPAC call Ms. 
Kate LaBuda at 202-622-3404.

    Dated: March 26, 1998.
Kate LaBuda,
Acting Director, Office of Payer Compliance, Office of Examination.
[FR Doc. 98-8556 Filed 3-31-98; 8:45 am]
BILLING CODE 4830-01-U