April 4, 1991
TO: TAX MEMBERS NO. 10-91
OPERATIONS MEMBERS NO. 10-91
TRANSFER AGENT ADVISORY COMMITTEE NO. 16-91
RE: IRS EXTENDS REPORTING DEADLINE FOR MAGNETICALLY FILED
FORMS 1042S
__________________________________________________________
The attached IRS announcement provides an automatic
extension until May 15, 1991 for payors to file on magnetic tape
IRS Form 1042S, Foreign Person's U.S. Source Income Subject to
Withholding. This automatic extension does not apply to paper
filings of Form 1042S, which are still required to have been
filed by the original due date of March 15, 1991.
An extension of time will also be provided for filing Form
1042 with the Philadelphia Service Center. The Form 1042 tax
return is not considered timely filed until the Forms 1042S are
received by IRS.
Any questions regarding this extension may be referred to
Shelly Roderick of the Martinsburg Computing Center at (304) 263-
8700.
We will keep you informed of developments.
Keith D. Lawson
Associate Counsel - Tax
Attachment
KDL:bmb