Common use of DRAFTING INFORMATION Clause in Contracts

DRAFTING INFORMATION. The principal author of this announce- ment is ▇▇▇▇▇ ▇▇▇▇▇▇▇ of the Office of the Associate Chief Counsel (Employee Ben- efits and Exempt Organizations). For fur- ther information regarding this announce- ment, contact ▇▇▇ ▇▇▇▇ of the Office of Specialty Taxes on (▇▇▇) ▇▇▇-▇▇▇▇ (not a toll-free call). Release date: April 24, 2000 This Tip Reporting Alternative Commitment (TRAC) agreement is part of the Tip Rate Determination/Education Program that the Internal Revenue Service implemented in 1993 to promote tip reporting compliance by employees in accordance with the Internal Revenue Code of 1986. Section 6053(a) of the Code requires employees to furnish one or more written statements to their employers reporting all tips re- ceived in each calendar month. The statements must be furnished to the employer by the 10th day of the following month.

DRAFTING INFORMATION. The principal author of this announce- ment is ▇▇▇▇▇ ▇▇▇▇▇▇▇ of the Office of the Associate Chief Counsel (Employee Ben- efits and Exempt Organizations). For fur- ther information regarding this announce- ment, contact ▇▇▇ ▇▇▇▇ of the Office of Specialty Taxes Taxes, on (▇▇▇) ▇▇▇-▇▇▇▇ (not a toll-free call). Release date: April 24, 2000 This Tip Reporting Alternative Commitment Rate Determination Agreement (TRACTRDA) agreement is part of the Tip Rate Determination/Education Program that implemented by the Internal In- ternal Revenue Service implemented in 1993 to promote tip reporting compliance by employees in accordance with the Internal Revenue Code of 1986. Section 6053(a) of the Code requires employees to furnish one or more written statements to their employers reporting all tips re- ceived in each calendar month. The statements must be furnished to the employer by the 10th day of the following month.