Federal Register / Vol. 62, No. 194 / Tuesday, October 7, 1997 / Notices 52379

$3,850,000 established for the Company

as of July 1, 1997, remains unchanged

until June 30, 1998.

Certificates of Authority expire on

June 30, each year, unless revoked prior

to that date. The Certificates are subject

to subsequent annual renewal as long as

the Company remains qualified (31 CFR,

Part 223). A list of qualified companies

is published annually as of July 1, in the

Department Circular 570, which

outlines details as to underwriting

limitations, areas in which licensed to

transact surety business and other

information. Federal bond-approving

officers should annotate their reference

copies of the Treasury Circular 570,

1997 Revision, at page 35551 to reflect

this change.

The Circular may be viewed and

downloaded through the Internet (http:/

/www/fms.treas.gov/c570.html) or

through our computerized public

bulletin board system (FMS Inside Line)

at (202) 847–6887. A hard copy may be

purchased from the Government

Printing Office (GPO), Subscription

Service, Washington, DC, telephone

(202) 512–1800. When ordering the

Circular from GPO, use the following

stock number: 048–000–00499–7.

Questions concerning this notice may

be directed to the U.S. Department of

the Treasury, Financial Management

Service, Funds Management Division,

Surety Bond Branch, 3700 East-West

Highway, Room 6A14, Hyattsville, MD

20782.

Dated: September 18, 1997.

Charles F. Schwan III,

Director, Funds Management Division,

Financial Management Service.

[FR Doc. 97–26459 Filed 10–6–97; 8:45 am]

BILLING CODE 4810–35–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Revenue Procedure 97–44

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning

Revenue Procedure 97–44, LIFO

Conformity Requirement.

DATES: Written comments should be

received on or before December 8, 1997

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: LIFO Conformity Requirement.

OMB Number: 1545–1559.

Revenue Procedure Number: Revenue

Procedure 97–44.

Abstract: Revenue Procedure 97–44

permits automobile dealers that comply

with the terms of the revenue procedure

to continue using the LIFO inventory

method despite previous violations of

the LIFO conformity requirements of

Internal Revenue Code section 472(c) or

(e)(2).

Current Actions: There are no changes

being made to the revenue procedure

this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

5,000.

Estimated Time Per Respondent: 20

hours.

Estimated Total Annual Burden

Hours: 100,000.

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a collection

of information must be retained as long

as their contents may become material

in the administration of any internal

revenue law. Generally, tax returns and

tax return information are confidential,

as required by 26 U.S.C. 6103.

Request for Comments: Comments

submitted in response to this notice will

be summarized and/or included in the

request for OMB approval. All

comments will become a matter of

public record. Comments are invited on:

(a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: September 29, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer

[FR Doc. 97–26559 Filed 10–6–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF 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) 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

Tuesday and Wednesday, October 28–

29, 1997. 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, 1997

Tuesday, October 28, 1997

9:30 Public Meeting Opens

11:30 Break for Lunch

1:00 Public Meeting Continues

4:30 Adjourn for the Day

Wednesday, October 29, 1997

9:30 Public Meeting Reconvenes
52380 Federal Register / Vol. 62, No. 194 / Tuesday, October 7, 1997 / Notices

12:00 Adjourn

The topics that will be covered are as

follows:

(1) Information Reporting for Small

Estates.

(2) State Reporting on Form 1099–

MISC.

(3) Issues Relating to Forms 5498,

1099–R and 1099–MSA.

(4) Usage of Individual Taxpayer

Identification Numbers (ITIN’s).

(5) Publication 515 Regarding

Individual Retirement Account (IRA)

Distributions.

(6) Introduced Business and Form W–

9 Sharing.

(7) Foreign Withholding Final

Regulations.

(8) Taxpayer Relief Act of 1997.

(9) Elimination of the Centralized IRP

Call-Site at the Martinsburg Computing

Center.

(10) Information Reporting for

Disregarded Entities.

(11) Martinsburg Computing Center

Update.

(12) Electronic Financial Tax Payment

System (EFTPS).

(13) Tip Reporting.

(14) TIN Matching for the Private

Sector.

(15) Electronic Filing of Information

Returns.

(16) Century Date Change.

(17) Form W–2c Requirement for

Address Corrections.

(18) Procurement Card Reporting.

(19) December/January Mutual Fund

Dividends for Foreign Shareholders.

(20) Direct Deposit Message on Form

1099.

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 19 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.

Thomasine Matthews no later than

Thursday, October 23, 1997. 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,

October 20, 1997 to have a copy of the

agenda faxed to you. Please note that a

draft agenda will not be available until

Monday, October 20, 1997.

ADDRESSES: If you would like to have

IRPAC consider a written statement at a

future IRPAC meeting (not the October

1997 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. Thomasine 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: September 24, 1997.

Kate LaBuda,

(Acting) Director Office of Payer Compliance

Office of Specialty Taxes.

[FR Doc. 97–26018 Filed 10–6–97; 8:45 am]

BILLING CODE 4830–01–U