U.S.A.: FATCA : IRS release new draft 1042 form for 2014
Following our Announcement L13049, dated 8 April 2013, the U.S. Internal Revenue Service (IRS) has released a new draft of the form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons for 2014, dated 17 April 2013.
The new draft 1042 form, which can be found on the website of the IRS, includes additional details related to the information requirements for the application of both Chapter 3 (Qualified Intermediary (QI) regime) and Chapter 4 (FATCA regime).
No further details have yet been provided and we await the final versions and relevant instructions.
The above information is not intended to be exhaustive. We will continue to monitor the IRS and commentator publications and will provide customers with further relevant information in due course.
Further information
For further information, customers may contact the Clearstream Banking1 Tax Help Desk on:
| Luxembourg | Frankfurt | |
| Email: | tax@clearstream.com | tax@clearstream.com |
| Telephone: | +352-243-32835 | +49-(0) 69-2 11-1 3821 |
| Fax: | +352-243-632835 | +49-(0) 69-2 11-61 3821 |
or Clearstream Banking Customer Service or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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