January 25, 1995
TO: ACCOUNTING/TREASURERS COMMITTEE No. 7-95
CLOSED-END FUND MEMBERS No. 1-95
OPERATIONS MEMBERS No. 6-95
TAX MEMBERS No. 9-95
TRANSFER AGENT ADVISORY COMMITTEE No. 9-95
UNIT INVESTMENT TRUST MEMBERS No. 4-95
RE: PROCEDURE FOR SUBMITTING FORM 1042S TO IRS REMAINS
UNCHANGED
______________________________________________________________________________
In the attached Announcement the IRS states that for the second year in a row no
changes have been made to the revenue procedure that sets forth the requirements and
conditions under which withholding agents may file, either magnetically or electronically, IRS
Form 1042S (Foreign Person’s U.S. Source Income Subject to Withholding). If you would like a
copy of the Revenue Procedure 93-16, which remains in effect, please call the Institute’s Lisa
Rand at (202) 326-5836
We will keep you informed of developments.
Peter J. Cinquegrani
Assistant Counsel - Tax
Attachment