U.S.A.: Clarification regarding the issuance of final Form 1042-S
In accordance with Announcement A20026, Clearstream Banking would like to confirm to customers that, despite the ongoing global situation, the final version of Form 1042-S2 will be issued to the relevant recipients before 15 April 2020.
The Internal Revenue Service (IRS) has published Notice 2020-18 and its related FAQs on its website. The notice:
- Foresees a postponement of the due date to file some Federal income tax returns and to pay some Federal income taxes.
- Does not foresee any extension of deadline for Clearstream Banking to file IRS form 1042-S with the IRS and the recipients of the U.S. taxable income.
Therefore, Clearstream Banking, acting as Qualified Intermediary, must comply with the due date to provide IRS Form 1042-s to the recipients which is set as 15 April 2020.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
2. Including income from Real-Estate Investment Trust (REIT) and Regulated Investment Company (RIC) instruments.