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US IRS delays Form 1042 electronic filing requirement for US and foreign withholding agents

|Tax Alerts, Information Reporting, Natio ...|United States
United States

  • The relief is welcome to withholding agents while they figure out how to comply with the new e-filing requirements.
  • Withholding agents' main concerns were the limited number of approved e-file providers for Form 1042, as well as difficulty using the current IRS "schema and business rules" to file certain Forms 1042 electronically.
 

In Notice 2024-26 (issued February 27, 2024), the IRS exempted US and foreign withholding agents from electronically filing Form 1042, Annual Withholding Tax Retur…

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