[Federal Register Volume 64, Number 27 (Wednesday, February 10, 1999)]
[Notices]
[Pages 6739-6740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-3281]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Request for Information on Impact To Discontinue Use of Magnetic 
Tape for Federal Tax Deposits

SUMMARY: This announcement requests current transmitters of tax payment 
information through the Federal Tax Deposit System on magnetic tape to 
send their comments to the Internal Revenue Service (IRS) on the impact 
of eliminating this program for tax periods beginning after December 
31, 1999.

Background

     The North American Free Trade Agreement Implementation Act (NAFTA) 
mandates that the Secretary of the Treasury (Secretary) phase-in the 
collection of a minimum percentage of certain types of depository taxes 
by electronic funds transfer (EFT) and develop and implement an EFT 
system for the collection of such taxes. The Secretary has delegated 
responsibility to the IRS for the former and to the Financial 
Management Service (FMS) for the latter. The IRS is responsible for 
identifying the actions necessary to reach the minimum percentage 
requirements. Elimination of magnetic tape for federal tax deposits is 
one of the steps needed to achieve those goals. Please submit your 
comments in writing to Melvyn S. Barkin by March 5, 1999, on the impact 
of discontinuing the submission of magnetic tape for federal tax 
deposits.


[[Page 6740]]


ADDRESSES: Questions or concerns should be directed to Melvyn S. Barkin 
at IRS, Electronic Tax Administration, Electronic Programs Operations 
Office, OP:ETA:O:F, New Carrollton Federal Building, 5000 Ellin Road, 
C4-353, Lanham, MD 20706 via E-mail at [email protected] or 
faxed to (202) 283-7434 ATTN: Melvyn S. Barkin.

    Approved:
Terence H. Lutes,
National Director, Electronic Program Operations Office, Electronic Tax 
Administration.
[FR Doc. 99-3281 Filed 2-9-99; 8:45 am]
BILLING CODE 4830-01-U