Methods of Signing

[[Page 37621]]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[IA-10-95]

RIN 1545-AT23

Methods of Signing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary

regulations and notice of public hearing.

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SUMMARY: In the Rules and Regulations section of this issue of the

Federal Register, the IRS is issuing temporary regulations relating to

the signing of returns, statements, or other documents. 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 October 19, 1995. Outlines

of topics to be discussed at the public hearing scheduled for November

2, 1995, must be received by October 12, 1995.

ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (IA-10-95), room 5228,

Internal Revenue Service, POB 7604, Ben Franklin Station, Washington,

DC 20044. In the alternative, submissions may be hand delivered between

the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:T:R (IA-10-95),

Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue,

NW., Washington, DC. The public hearing will be held in the Auditorium,

Internal Revenue Building, 1111 Constitution Avenue, NW., Washington,

DC.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Celia

Gabrysh (202) 622-4940; concerning submissions and the hearing,

Christine Vasquez, (202) 622-7190 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

Temporary regulations in the Rules and Regulations section of this

issue of the Federal Register amend the Income Tax Regulations (26 CFR

part 1) relating to section 6695 and the Procedure and Administration

Regulations (26 CFR part 301) relating to section 6061. The temporary

regulations relate to signing returns, statements, or other documents.

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 also has 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 regulations, 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 business.

Comments and Public Hearing

Before these proposed regulations are adopted as final regulations,

consideration will be given to any written comments (a signed original

and eight (8) copies) that are submitted timely to the IRS. All

comments will be available for public inspection and copying.

A public hearing has been scheduled for November 2, 1995, at 10 am

in the Auditorium, Internal Revenue Building, 1111 Constitution Avenue,

NW., Washington, DC. Because of access restrictions, visitors will not

be admitted beyond the Internal Revenue Building lobby more than 15

minutes before the hearing starts.

The rules of 26 CFR 601.601(a)(3) apply to the hearing.

Persons that wish to present oral comments at the hearing must

submit written comments by October 19, 1995 and submit an outline of

the topics to be discussed and the time to be devoted to each topic

(signed original and eight (8) copies) by October 12, 1995.

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 these regulations is Celia Gabrysh, Office

of Assistant Chief Counsel (Income Tax & 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 301

Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income

taxes, Penalties, Reporting and recordkeeping requirements.

Proposed Amendments to the Regulations

Accordingly, 26 CFR parts 1 and 301 are proposed to be amended as

follows:

PART 1--[AMENDED]

Paragraph 1. The authority citation for part 1 continues to read in

part as follows:

Authority: 26 U.S.C. 7805 * * *

Par. 2. In Sec. 1.6695-1, the first sentence of paragraph (b)(1) is

revised to read as follows:

Sec. 1.6695-1 Other assessable penalties with respect to the

preparation of income tax returns for other persons.

[The text of the proposed amendment to paragraph (b)(1) is the same

as the text of Sec. 1.6695-1T(b) published elsewhere in this issue of

the Federal Register].

PART 301--[AMENDED]

Par. 3. The authority citation for part 301 is amended by adding an

entry in numerical order to read as follows:

Authority: 26 U.S.C. 7805 * * * Section 301.6061-1 also issued

under 26 U.S.C. 6061.

Par. 4. Section 301.6061-1 is amended as follows:

1. The text in Sec. 301.6061-1 is designated as paragraph (a) and a

heading is added.

2. Paragraphs (b) and (c) are added. The additions read as follows:

Sec. 301.6061-1 Signing of returns and other documents.

(a) In general. * * *

[The text of proposed paragraphs (b) and (c) is the same as the

text of Sec. 301.6061-1T (b) and (c) published elsewhere in this issue

of the Federal Register].

Margaret Milner Richardson,

Commissioner of Internal Revenue.

[FR Doc. 95-18054 Filed 7-20-95; 8:45 am]

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