IRS to Hold Regulations Hearing
by Teleconference

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 regulations.

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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