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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: STLMD who wrote (3164)	1/5/1999 9:12:00 PM
From: Eski	Respond to of 9818

Taxes: Y2K, With Optimism 1/5/99 Author: Curt Anderson y2ktoday.com WASHINGTON (AP) -- The Internal Revenue Service is confident its computers are ready for the Year 2000, but taxpayers should watch out for any unexplained glitches. "We're going to try to avoid these things, but they could happen,'' said IRS Commissioner Charles Rossotti. "Although there might be some inconvenience, we're not going to allow any taxpayer to suffer any financial harm.'' Computers worldwide that use two digits for years could recognize 2000 as 1900 unless their software is fixed, which would create havoc in information systems used by government and business. By early 1999, IRS officials say they will finish work and testing on 70,000 computer programs, a process that has taken 1,000 people two years to complete. IRS workers have rewritten some 40 million lines of computer code. "By the end of January, every computer program we have will by Y2K-compliant,'' predicted John Yost, who oversees the effort at IRS. Much of the work on mainframe computers -- the ones used by IRS for processing refunds and payments -- was finished prior to the 1998 tax return filing season. There were some errors last year in computation of penalties and interest and in some notices for taxes due. "It did occur, but it wasn't a big fraction of the total,'' Yost said. "Overall, we had a good filing season.'' Now most of those bugs have been ironed out. This year, the IRS computers that deal with customer service and with collections and audits will have the new lines of rewritten code. Despite testing, the sheer scope of the changes and the complexity of tax laws make mistakes possible. Yost, however, said the major danger is that some programs just won't work. "They tend to be either on or off,'' Yost said of these computers. "Either the system is up and working and giving good information or the system is down.'' Independent observers say IRS has done a good job of dealing with the Y2K problem. Rep. Steve Horn, a California Republican who chairs the House subcommittee on government management, said many in Congress who were "convinced that IRS wouldn't make it'' have been pleasantly surprised. "They did make it, and that was good news that IRS is turning around,'' Horn said. Taxpayers who believe they've gotten inaccurate IRS tax information, notices or other data should call the agency at 1 (800) 829-1040.

To: STLMD who wrote (3164)	1/5/1999 11:16:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 9818

They didn't mention TAVA/Beck as his current position. Has he departed from there?? I'm not able to fully follow TAVA's progress, but am watching the stock. Regards, Ron