Tax Regulatory Services Alert

Buildings

New form 1042-s electronic filing requirements - Alternative method for foreign filers





The IRS has announced plans to introduce a new Foreign Filer Transmitter Control Code (TCC) Registration System for certain filers to submit their information returns electronically through the International Data Exchange System (IDES). This “alternative method” will address challenges faced by foreign filers when electronically filing U.S. information returns e.g. Form 1042-S and Forms 1099