# Request for Information on Impact To Discontinue Use of Magnetic Tape for Federal Tax Deposits

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URL: https://www.frixlaw.com/law-library/documents/fr%3A99-3281

## Record

- **Collection:** Federal Register
- **Document type:** Notice
- **Published:** February 10, 1999
- **Citation:** 64 FR 6739

## Text

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Request for Information on Impact To Discontinue Use of Magnetic
Tape for Federal Tax Deposits

SUMMARY: This announcement requests current transmitters of tax payment
information through the Federal Tax Deposit System on magnetic tape to
send their comments to the Internal Revenue Service (IRS) on the impact
of eliminating this program for tax periods beginning after December
31, 1999.

Background

The North American Free Trade Agreement Implementation Act (NAFTA)
mandates that the Secretary of the Treasury (Secretary) phase-in the
collection of a minimum percentage of certain types of depository taxes
by electronic funds transfer (EFT) and develop and implement an EFT
system for the collection of such taxes. The Secretary has delegated
responsibility to the IRS for the former and to the Financial
Management Service (FMS) for the latter. The IRS is responsible for
identifying the actions necessary to reach the minimum percentage
requirements. Elimination of magnetic tape for federal tax deposits is
one of the steps needed to achieve those goals. Please submit your
comments in writing to Melvyn S. Barkin by March 5, 1999, on the impact
of discontinuing the submission of magnetic tape for federal tax
deposits.

[[Page 6740]]

ADDRESSES: Questions or concerns should be directed to Melvyn S. Barkin
at IRS, Electronic Tax Administration, Electronic Programs Operations
Office, OP:ETA:O:F, New Carrollton Federal Building, 5000 Ellin Road,
C4-353, Lanham, MD 20706 via E-mail at [email protected] or
faxed to (202) 283-7434 ATTN: Melvyn S. Barkin.

Approved:
Terence H. Lutes,
National Director, Electronic Program Operations Office, Electronic Tax
Administration.
[FR Doc. 99-3281 Filed 2-9-99; 8:45 am]
BILLING CODE 4830-01-U

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A99-3281. Public record. Not legal advice.