Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Notices 18165

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Life Insurance Statement.

OMB Number: 1545–0022.

Form Number: Form 712.

Abstract: Form 712 provides

taxpayers and the IRS with information

to determine if insurance on the

decedent’s life is includible in the gross

estate and to determine the value of the

policy for estate and gift tax purposes.

The tax is based on the value of the life

insurance policy.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

60,000.

Estimated Time Per Respondent: 18

hr., 43 min.

Estimated Total Annual Burden Hours:

1,122,600.

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: April 4, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–9566 Filed 4–11–97; 8:45 am]

BILLING CODE 4830–01–U

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, May 13–14,

1997. 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

May 13–14, 1997

Tuesday, May 13, 1997

9:30 Public Meeting Opens

11:30 Break for Lunch

1:00 Public Meeting Continues

4:30 Adjourn for the Day

Wednesday, May 14, 1997

9:30 Public Meeting Reconvenes

12:00 Adjourn

The topics that will be covered are as

follows:

(1) Fringe Benefit Reporting

(2) Long-Term Health Care Reporting

Instructions

(3) Backup Withholding Issues

Resulting from Mergers &

Acquisitions

(4) Reporting ‘‘December/January’’

Mutual Fund Dividends Paid to

Foreign Shareholders

(5) Electronic Forms and Notice

Requirements

(6) Form W–2C Requirement for

Address Corrections

(7) Schedule C Instructions and Form

1099–MISC Box 7

(8) Direct Deposit Message on Form

1099 Payee Statements

(9) Usage of Code ‘‘H’’ on Form 1099–

R

(10) Tax Reporting for Small Estates

(11) Magnetic Media Filing for

Terminated Employees

(12) Form W–2G Reporting on Slot

Jackpot Payouts

(13) Year 2000 Conversion Presentation

(14) Electronic Filing Update

(15) SSA Suspense File Presentation

(16) SSA TIN Matching System

Presentation

(17) Simplified Tax and Wage Reporting

System (STAWRS) Update

(18) Presentation on Foreign Trust

Issues

(19) Elimination of Form 4782

(20) Paperwork Reduction Study of

Publication 393

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 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

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, May 8, 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
18166 Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Notices

available via facsimile transmission the

week prior to the meeting. Please call

Ms. Matthews on or after Monday, May

5, 1997 to have a copy of the agenda

faxed to you. Please note that a draft

agenda will not be available until

Monday, May 5, 1997.

ADDRESSES: If you would like to have

IRPAC consider a written statement at a

future IRPAC meeting (not the May 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: April 8, 1997.

Kate LaBuda,

(Acting) Director, Office of Payer Compliance,

Office of Specialty Taxes.

[FR Doc. 97–9567 Filed 4–11–97; 8:45 am]

BILLING CODE 4830–01–U