Censure Issued by Consent

The following individuals have consented to the issuance of a Censure:

Under Title 31, Code of Federal Regulations, Part 10, in lieu of a proceeding being instituted or continued, an attorney, certified public accountant, enrolled agent,

or enrolled actuary, may offer his or her consent to the issuance of a censure. Censure is a public reprimand.

Name Address Designation Date of Censure

Williams, Daniel S. Carlsbad, CA Attorney March 29, 2006

Azan, Reinaldo L. Miami Beach, FL CPA July 24, 2006

Golub, Stephen B. Norwalk, CT CPA August 3, 2006

electing large partnerships) or S corporations whose tax year began in 2005. In such a case, the partnership or S corporation will provide the taxpayer the necessary information to report the credit on the 2006 Form 3800, General Business Credit.

The 2006 Version of Form 8830, Enhanced Oil Recovery Credit, Will Not Be Issued

Announcement 2006–62

This announcement is to advise that Form 8830, Enhanced Oil Recovery Credit, will not be issued for 2006 because the credit is phased out for 2006.

The enhanced oil recovery credit is equal to 15% of the taxpayer’s qualified enhanced oil recovery costs for the tax year, but phased-out as crude oil prices increase. The applicable crude oil prices have increased sufficiently for the credit to be phased-out entirely for 2006.

However, 2006 calendar year taxpayers may still be entitled to the credit as a result of having it passed through to them from fiscal year partnerships (other than

2006–37 I.R.B. 444 September 11, 2006

Overview of the IRS’s Use of Private Collection Agencies (PCAs) in 2006

Announcement 2006–63

Section 881 of the American Jobs Creation Act, Pub. L. No. 108–357, enacted new section 6306 of the Internal Revenue Code (the Code), which authorizes the Internal Revenue Service to enter into contracts with private collection agencies (PCAs) to assist in the collection of delinquent Federal tax liabilities. Shortly, three PCAs will begin to assist the IRS with the collection of Federal tax debts pursuant to section 6306. This announcement describes certain aspects of the IRS’s contracts with PCAs, IRS monitoring of PCA compliance with these provisions, and protections for taxpayers whose accounts are being assigned to PCAs for collection activity.

THE ROLE OF PRIVATE COLLECTION AGENCIES

Code section 6306 limits the role of PCAs to three specific functions: