BY EMAIL
[14533]
March 13, 2002
TO: BROKER/DEALER ADVISORY COMMITTEE No. 5-02
INTERNATIONAL COMMITTEE No. 20-02
TAX MEMBERS No. 11-02
TRANSFER AGENT ADVISORY COMMITTEE No. 20-02
RE: IRS GRANTS FILING EXTENSION FOR 2001 FORM 1042-S
The Internal Revenue Service today extended the filing deadline for the 2001 IRS Form
1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) from March 15, 2002 to
May 15, 2002. The Service explained in the attached Announcement 2002-34 that the filing
extension is intended to ensure successful implementation of the new Form 1042-S reporting
requirements by withholding agents.
Please note that filing extension for IRS Form 1042-S does not apply to the March 15th
deadline for filing IRS Form 1042 (Annual Withholding Tax Return for U.S. Source Income of
Foreign Persons). To extend this deadline, a withholding agent must submit a request for
extension of time to file on IRS Form 2758 (Application for Extension of Time to File Certain
Excise, Income, Information and Other Returns) by March 15, 2002 (i.e., the regular due date for
the form).
Deanna J. Flores
Associate Counsel
Attachment
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Attachment (in .pdf format)