This chapter describes the main reporting obligations of financial institutions that receive US-sourced FDAP incomeFDAP income on behalf of their account holders. This includes 1042-S1042-S information returns, 1042 tax return and 1099 information returns. This chapter will update the reader on new or updated reporting tools used by the IRS and access requirements.

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Reporting

  • Ross K. McGill,
  • Kirsty V. Pitkin

摘要

This chapter describes the main reporting obligations of financial institutions that receive US-sourced FDAP incomeFDAP income on behalf of their account holders. This includes 1042-S1042-S information returns, 1042 tax return and 1099 information returns. This chapter will update the reader on new or updated reporting tools used by the IRS and access requirements.