February 24, 1989
TO: TAX MEMBERS NO. 8-89
TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 5-89
RE: IRS ANNOUNCEMENT ON REPORTING FOREIGN PERSONS'
U.S. SOURCE INCOME
__________________________________________________________
The IRS has announced, in the attached release, that
withholding agents are no longer required to attach Forms 1001
(Ownership, Exemption or Reduced Rate Certificate) and 4224
(Exemption From Withholding of Tax on Income Effectively
Connected With the Conduct of Trade or Business in the United
States) to Form 1042 (Annual Withholding Tax Return for U.S.
Source Income of Foreign Persons) or Form 1042S (Foreign Person's
U.S. Source Income Subject to Withholding).
We will keep you informed of developments.
Keith D. Lawson
Assistant General Counsel
Attachment