Tags: reporting

Draft 2014 1042-S Instructions Released

The IRS has released draft instructions for the 2014 Form 1042-S.  This is of importance because this will be the first reporting year where FATCA will be in effect.  We have already seen a draft of the form itself, but the instructions may be able to provide answers to any new form fields that may […]

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Draft IRS Form 8966 – Annual FACTA Reporting

The IRS has released a draft dated August 13, 2013, of Form 8966.  As we’ve seen with most of the other draft form releases, no accompanying form instructions have been released.  The available fields are fairly plain and uninteresting.  The form is divided into 5 parts.  Because the form reports information on a single underlying account […]

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New Forms – Draft W-8 and W-9

In the past week or so, the IRS has released new draft W-8 and W-9 forms that will eventually superseded the current versions being used.  These new forms are necessary to accommodate the additional information that withholding agents are required to possess in order to be in compliance. The recently updated draft forms include: Form […]

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New Form 1042s

The IRS has released drafts of the next generation of Form 1042/1042-S, which have been updated to accommodate the needs of FATCA. Form 1042 (draft as of 4/17/13): A substantial portion of the form remains unchanged with most of the first page consisting of the usual weekly reporting boxes.  A trend seen with other IRS forms […]

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