[Federal Register Volume 61, Number 212 (Thursday, October 31, 1996)]
[Notices]
[Page 56266]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27863]
[[Page 56266]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Notice of Open Meeting of the Information Reporting Program
Advisory Committee
AGENCY: Internal Revenue Service (IRS), Treasury.
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, November
19-20, 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 November 19-20, 1996
Tuesday, November 19, 1996
9:30 Public Meeting Opens
11:30 Break for Lunch
1:00 Public Meeting Continues
4:30 Adjourn for the Day
Wednesday, November 20, 1996
9:30 Public Meeting Reconvenes
12:00 Adjourn
The topics that will be covered are as follows:
(1) Logos on Certain Form 1099 Payee Statements Update
(2) Summary of Recent Legislative Tax Initiatives
(3) Medical Savings Accounts (MSA's)
(4) SIMPLE Plans
(5) Escrow Fund Disbursements & Form 1099-MISC Reporting Issues
(6) Domestic Partners
(7) Backup Withholding Issues
(8) Electronic Federal Tax Payment System (EFTPS) Update
(9) Electronic Filing of the Form W-4
(10) IRS Electronic Information Services
(11) Electronic Filing of Information Returns
(12) On-Line TIN Matching Program
(13) Reporting Rollovers of Ineligible Amounts to an Individual
Retirement Account
(14) Harmonized Codes for Forms 1099-R and 5329
(15) Statutory Employee Check Box on Form W-2
(16) Closing Agreements in Lieu of Corrected Forms 1099 Update
(17) Magnetic Media Filing of Form W-2 to SSA for U. S. Territories
(18) Employee Classification Update
(19) Tax Reporting When a Mutual Fund Changes Transfer Agents
(20) Reporting Deposit Interest Paid to Canadians
(21) Reporting December/January Mutual Fund Dividends
(22) C-Notice Program Improvements
(23) Updating Employee Address on Form W-2C
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 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, November 15, 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 Tuesday, November 12,
1996 to have a copy of the agenda faxed to you. Please note that a
draft agenda will not be available until Tuesday, November, 12, 1996.
ADDRESSES: If you would like to have IRPAC consider a written statement
at a future IRPAC meeting (not the November 1996 meeting), please write
to Kate LaBuda at IRS, Office of Specialty Taxes, CP:EX:ST:PC, 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: October 17, 1996.
Approved:
Kate LaBuda,
(Acting) Director, Office of Payer Compliance, Office of Specialty
Taxes.
[FR Doc. 96-27863 Filed 10-30-96; 8:45 am]
BILLING CODE 4830-01-U