# Cash Reporting by Court Clerks > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/fr%3A94-30773 ## Record - **Collection:** Federal Register - **Document type:** Uncategorized Document - **Published:** December 15, 1994 ## Text DEPARTMENT OF THE TREASURY 26 CFR Parts 1 and 602 [IA-57-94] RIN 1545-AT06 Cash Reporting by Court Clerks AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing. ----------------------------------------------------------------------- SUMMARY: In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the information reporting requirements of court clerks upon receipt of more than $10,000 in cash as bail for any individual charged with a specified criminal offense. The text of those temporary regulations also serves as the text of these proposed regulations. This document also provides notice of a public hearing on these proposed regulations. DATES: Written comments must be received by February 13, 1995. Outlines of oral comments to be presented at the public hearing scheduled for Monday, March 13, 1995, must be received by Monday, February 20, 1995. ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (IA-57-94), room 5228, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. In the alternative, submissions may be delivered between the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:T:R (IA-57-94), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC. The public hearing will be held in the IRS Auditorium, 7th Floor, Internal Revenue Building, 1111 Constitution Avenue NW, Washington, DC. FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Susie K. Bird at (202) 622-4960 of the Office of Assistant Chief Counsel (Income Tax and Accounting); concerning submissions and the hearing, Carol Savage of the Regulations Unit, (202) 622-8452 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Paperwork Reduction Act The collection of information contained in this notice of proposed rulemaking has been submitted to the Office of Management and Budget for review in accordance with the Paperwork Reduction Act (44 U.S.C. 3504(h)). Comments on the collection of information should be sent to the Office of Management and Budget, Attn: Desk Officer for the Department of the Treasury, Office of Information and Regulatory Affairs, Washington, DC 20503, with copies to the Internal Revenue Service, Attn: IRS Reports Clearance Officer, PC:FP, Washington, DC 20224. The collection of information in this regulation is in Sec. 1.6050I-2T. This information is required by the IRS to implement section 20415 of the Violent Crime Control and Law Enforcement Act of 1994. The information will be used to identify taxpayers with large cash incomes. The respondents are governmental institutions. The collection of information in Sec. 1.6050I-2T is satisfied by including the required information on a Form 8300 filed with the IRS and on written statements furnished to the United States Attorney for the jurisdiction in which the individual charged with the specified criminal offense resides and the jurisdiction in which the specified criminal offense occurred, and to each person posting bail whose name is required to be reported to the IRS. The burden for these requirements is reflected in the burden estimates for Form 8300. Background Temporary regulations in the Rules and Regulations portion of this issue of the Federal Register amend 26 CFR parts 1 and 602 relating to section 6050I. The temporary regulations contain rules relating to the cash reporting requirements of court clerks with respect to the receipt of bail. The text of those temporary regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the temporary regulations. Special Analyses It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in EO 12866. Therefore, a regulatory assessment is not required. It has also been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) and the Regulatory Flexibility Act (5 U.S.C. chapter 6) do not apply to these proposed rules, and, therefore, a Regulatory Flexibility Analysis is not required. Pursuant to section 7805(f) of the Internal Revenue Code, this notice of proposed rulemaking will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small businesses. Comments and Public Hearing Before these proposed regulations are adopted as final regulations, consideration will be given to any written comments that are submitted timely (a signed original and eight (8) copies) to the IRS. All comments will be available for public inspection and copying. A public hearing has been scheduled for Monday, March 13, 1995 at 10 a.m. in the IRS Auditorium, 7th Floor, Internal Revenue Building, 1111 Constitution Avenue NW, Washington, DC. Because of access restrictions, visitors will not be admitted beyond the building lobby more than 15 minutes before the hearing starts. The rules of Sec. 601.601(a)(3) apply to the hearing. Persons that have submitted written comments by February 13, 1995 and want to present oral comments at the hearing must submit, by Monday, February 20, 1995, an outline of the topics to be discussed and the time to be devoted to each topic (signed original and eight (8) copies). A period of 10 minutes will be allotted to each person for making comments. An agenda showing the scheduling of the speakers will be prepared after the deadline for receiving outlines has passed. Copies of the agenda will be available free of charge at the hearing. Drafting Information The principal author of the temporary regulations is Susie K. Bird of the Office of Assistant Chief Counsel (Income Tax and Accounting). However, other personnel from the IRS and Treasury Department participated in their development. List of Subjects 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. 26 CFR Part 602 Reporting and recordkeeping requirements. Proposed Amendments to the Regulations Accordingly, 26 CFR part 1 is proposed to be amended as follows: PART 1--INCOME TAXES Paragraph 1. The authority citation for part 1 is amended by adding an entry in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 1.6050I-2 also issued under 26 U.S.C. 6050I. * * * Par. 2. Sections 1.6050I-0 and 1.6050I-2 are added to read as follows: Sec. 1.6050I-0 Table of contents. [The text of this proposed section is the same as the text of Sec. 1.6050I-0T published elsewhere in this issue of the Federal Register.] Sec. 1.6050I-2 Returns relating to cash in excess of $10,000 received as bail by court clerks. [The text of this proposed section is the same as the text of Sec. 1.6050I-2T published elsewhere in this issue of the Federal Register.] Margaret Milner Richardson, Commissioner of Internal Revenue. [FR Doc. 94-30773 Filed 12-12-94; 8:45 am] BILLING CODE 4830-01-U --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A94-30773. Public record. Not legal advice.