April 29, 1997
IRS to Hold Regulations Hearing
WASHINGTON - The Internal Revenue Service will use
teleconferencing technology to allow people outside the Washington,
DC, area to participate in an upcoming regulations hearing. On May
15, 1997, people interested in commenting on proposed regulations on
the amortization of intangible assets will be able to take part in
the hearing at teleconference sites in Los Angeles, San Francisco,
Dallas and Chicago, as well as Washington, DC.
The hearing will be held in Washington beginning at 1 p.m. EDT,
with concurrent times at the teleconference sites (that is, 12 noon
CDT and 10 a.m. PDT). It concerns proposed regulations on the
amortization of intangible assets under sections 167(f) and 197 of
the Internal Revenue Code.
"Teleconferencing will allow a greater number of interested
taxpayers and their representatives to participate in an important
part of the regulations process," said Margaret Milner Richardson,
Commissioner of Internal Revenue. "It's one more way we are using
technology to make things easier for taxpayers."
The IRS has already taken several steps to use technology to
facilitate the regulations process. The IRS Website on the Internet
(www.irs.ustreas.gov) contains the full text of recent regulations,
as well as plain-language summaries of many of them. In addition,
people can send comments on proposed regulations using the e-mail
feature on the Website.
In general, public hearings on proposed IRS regulations are
held at the IRS headquarters office in Washington. Proposed
regulations are published in the Federal Register, along with
information on how make a request to speak at a public hearing. The
IRS then considers the public comments as it prepares the final
Details about the teleconference locations and the dates for
submitting requests to speak on REG-209709-94 will be published in
the Federal Register on April 30, 1997.
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