[Federal Register Volume 60, Number 250 (Friday, December 29, 1995)]
[Notices]
[Pages 67389-67390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31458]



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[[Page 67390]]


DEPARTMENT OF THE TREASURY
Internal Revenue Service


Information Reporting Program Advisory Committee; Meeting

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of Rescheduled Open Meeting of the Information Reporting 
Program Advisory Committee (IRPAC).

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SUMMARY: In 1991 the IRS established the Information Reporting Program 
Advisory Committee. 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.
    The meeting previously scheduled for November 14 & 15, which was 
canceled because of the Government-wide furlough, has been rescheduled 
for Wednesday and Thursday, January 31 and February 1, 1996. The 
meeting will be held in Room 3313 of the Internal Revenue Service 
Building. The building is located at 1111 Constitution Avenue, NW., 
Washington, DC. The meeting will begin at 9:30 a.m., on both days, 
concluding about mid-day on February 1st. Topics to be discussed are 
listed below along with a summarized version of the agenda.

Summarized Agenda for Meeting on January 31-February 1, 1996

Wednesday, January 31, 1996

9:30  Public Meeting Opens
11:30  Break for Lunch
1:00  IRPAC Presentations Continue
4:00  Adjourn for the Day

Thursday, February 1, 1996

9:30  Public Meeting Reconvenes
12:00  Adjourn

    The topics that will be covered (in order) are as follows:

(1) Broader Usage of Form 4669
(2) Notional Principal Contracts
(3) Form 4224 Recertifications
(4) Collection of IRS Forms
(5) Investment Advisor Responsibilities
(6) Employee Tip Reporting - Revision of Form 4070
(7) Improvement in Communications with Small Business
(8) TAXLINK
(9) Reporting Requirements for Forms 5498 and 1099R
(10) Reporting Repayments by Employees
(11) Fringe Benefit Reporting on Form W-2
(12) Digital Cash
(13) Procurement Card Reporting
(14) Merchandise and Nonreportable Services
(15) Reporting Nonqualified Deferred Compensation
(16) Medical Service Provider and Sole Proprietor Education and 
Compliance

    Note: Last minute changes to the topics under discussion are 
possible and could prevent advance notice.

SUPPLEMENTARY INFORMATION: IRPAC reports to the National Director, 
Service Center Compliance, who is the executive responsible for 
information reporting and is charged with its systemwide 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, which will be open to the public, will be in a room 
that accommodates approximately 75 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, January 26, 1996. Ms. 
Matthews can be reached at 202-622-4215 (not a toll-free number). 
Notification of intent to attend should include your name, organization 
and phone number. To have a copy of the agenda faxed to you, also call 
Ms. Matthews at the phone number shown above.

ADDRESSES: If you would like to have IRPAC consider a written 
statement, please write to Kate LaBuda at IRS, Office of Service Center 
Compliance, CP:CO:SC:P, Room 2013, 1111 Constitution Avenue, NW., 
Washington, DC, 20224.

FOR FURTHER INFORMATION CONTACT: To give notification of intent to 
attend this meeting or to request a copy of the agenda, 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: December 20, 1995.

    Approved:
Larry Faulkner,
Director, Office of Payer Compliance, Service Center Compliance.
[FR Doc. 95-31458 Filed 12-28-95; 8:45 am]
BILLING CODE 4830-01-U