March 02,2000

Committee to Hold Hearings on Penalties and Interest

WASHINGTON -- Senate Finance Committee Chairman William V. Roth, Jr. (R-DE) today announced the Committee will meet on Wednesday, March 8, 2000 at 10:00 a.m. and Thursday, March 9, 2000 at 10:00 a.m. in 215 Dirksen Senate Office Building to hear testimony regarding penalty and interest provisions in the Internal Revenue Code.

The following witnesses are expected to appear before the Committee:

WEDNESDAY

I. A panel consisting of:

Mr. Jonathan Talisman, Acting Assistant Secretary for Tax Policy, Department of the Treasury; Washington, D.C.

Ms. Lindy Paull, Chief of Staff, Joint Committee on Taxation; Washington, D.C.

II. A panel consisting of:

Mr. Peter L. Faber, Partner, McDermott, Will & Emery; New York, NY.

Mr. Kenneth J. Kies, Managing Partner, Washington National Tax Services, PricewaterhouseCoopers LLP; Washington, D.C.

THURSDAY

I. A panel consisting of:

Ms. Judith Akin, EA, National Association of Enrolled Agents; Oklahoma City, OK.

Mr. David A. Lifson, Chair, Tax Executive Committee, American Institute of Certified Public Accountants; New York, NY.

Mr. Paul J. Sax, Chair, Section of Taxation, American Bar Association; San Francisco, CA.

Mr. Robert H. Scarborough, Chair, Tax Section, New York State Bar Association; New York, NY.

Mr. Charles W. Shewbridge, III, President, Tax Executives Institute, Inc., and Chief Tax Executive, BellSouth Corporation; Atlanta, GA.

II. A panel consisting of:

Mr. Mark A. Ernst, President and Chief Operating Officer, H&R Block, Inc.; Kansas City, MO.

Ms. Nina E. Olson, Executive Director, Community Tax Law Project; Richmond, VA.