[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]


-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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