On January 6, 2017, the IRS published NEW and TEMPORARY regulations for Chapter 3 & Chapter 4 of the IRC and finalized certain proposed regulations under chapters 3 and 61 and sections 871, 3406, and 6402. No changes for Chapter 4 reporting and withholding. Final regulations were issued for Chapter 4 with changes for the presumption rule. Temporary regulations have been added providing NEW requirements and clarifications for Chapter 3. All changes are effective January 6, 2016 and apply to 1042-S Forms for tax year 2016, due March 15, 2017.
2-hour Webinar you can’t miss! Register Today!
Click here to Order a Recording of our 1099 Year End Reporting Seminar.
Click here to Order a Recording of our 1042-S Year End Reporting Seminar.
NCompliance Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.