This announcement supersedes Announcement 2008-6 and corrects a typographical error. The reference to the state code table in the second bullet was changed to Sec. 17. Publicly Traded Partnership (PTP) was added the ‘Q’ record descriptions below which reference NQI/FLW-THR. Continue to use Publication 1187, Specifications for Filing Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, Electronically or Magnetically, revised September 2006 along with the changes listed below for your Tax Year 2007 filing. The following changes are effective for Tax Year 2007 filed in calendar year 2008.
An explanatory note was added to the Recipient ‘Q’ Record which reads: If you are a nominee that is the withholding agent under Code Section 1446, enter the Publicly Traded Partnership’s (PTP) name and other information in the NQI/FLW-THR/PTP fields; positions 401-666.
In the Recipient ‘Q’ Record, a new field, NQI/FLW-THR/PTP State Code, was added to positions 643-644. Enter the two-alpha character state code (see table Part A, Sec. 17). If a state code or APO/FPO is not applicable then blank fill.
Additional instructions were added to the Recipient ‘Q’ Record, NQI/FLW-THR/PTP Country Code, positions 647-648. The instructions read: Enter the two-character Country Code abbreviation, where the NQI/FLW-THR/PTP is located. Enter blanks if the NQI/FLW-THR/PTP has a U.S. address.
The Field Title was changed and additional instructions were added to the Recipient ‘Q’ Record, NQI/FLW-THR/PTP Postal Code/ZIP Code, positions 649-657. The instructions read: Enter the alpha/numeric foreign postal code or U.S. ZIP Code for all U.S. addresses including territories, possessions and APO/FPO. Enter the code in the left most position and blank fill the remaining positions. DO NOT use hyphens or blanks between numbers or letters (e.g., if the postal code is written as A6B 3C5 input as A6B3C5). Left-justify.
Some of the Canadian Province codes changed. Use the chart below to code your file.
| Province Code | Province |
|---|---|
| AB | Alberta |
| BC | British Columbia |
| MB | Manitoba |
| NB | New Brunswick |
| NL | Newfoundland & Labrador |
| NS | Nova Scotia |
| NT | Northwest Territories |
| NU | Nunavut |
| ON | Ontario |
| PE | Prince Edward Island |
| QC | Quebec |
| SK | Saskatchewan |
| YT | Yukon Territory |
If you have questions concerning the filing of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, please contact the Internal Revenue Service ECC-MTB toll-free at 866-455-7438.
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