USA: IRS releases new draft Form 1042-s, draft Form 1042 and draft instructions for Form 1042

Clearstream Banking would like to inform customers that the Internal Revenue Service (IRS) has published the following draft documents on its website:

A draft 2019 version of Form 1042-s, Foreign Person’s U.S. Source Income Subject to Withholding.

A draft 2018 version of Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
The form includes a new box under Section 4 (2) to enable Qualified Derivatives Dealer (QDD) filers to fill in their Employer Identification Number (EIN).
Draft 2018 instructions for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.

We continue to monitor the situation and will provide further information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.