Justification

F1042_Justification.doc

Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons; Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, Form 1042-T, Annual Summary and

Justification

OMB: 1545-0096

Document [doc]
Download: doc | pdf

JUSTIFICATION STATEMENT

(FORMS 1042, 1042-S & 1042-T)


An addition of 3 line items was added to Form 1042 to correct a previous computational error. This change resulted in an increase of burden hours to 397,100. A program change increase of 16,060 burden hours. Form 1042-S was revised, deleting 2 line items to accommodate the treatment of substitute payments prescribed by Notice 97-66 and sanctioned by IRPAC and Chief Counsel (International). This revision resulted in a decrease of burden hours to 928,000. A program change decrease of 48,000 burden hours. There were no changes made to Form 1042-T.


The above changes resulted in an overall increase of burden hours to 1,329,000.



CAROLYN N. BROWN

June 24, 2008

File Typeapplication/msword
File TitleJUSTIFICATION STATEMENT
Author5pqgb
Last Modified By5pqgb
File Modified2008-06-24
File Created2008-06-24

© 2024 OMB.report | Privacy Policy