This is the annual 1042-S tax reporting release. The changes are fairly
minor and transparent this year:
- the tax year number in the form overlay is updated
- a record sequence number is added to all record types in the tax file.
- "A new field T-PRIOR-YEAR-INDICATOR is added at position 199
(length 1) in the 'T' record layout."
- "In the "Q" record, Recipient's Country Code field will have a value of
Foreign Country code if the recipient has a foreign address and blank
if the recipient has a domestic address. Also in the Transmitter "T"
Record, the newly added Prior Year Indicator field will have a value of
blank."
- The withholding agent indicator field in copymember CPWS142T is
initialized with a zero instead of a one
There are no table updates.
Please send us your ok to install, and for those sites desiring to do
1042-S processing, let us know how you'd like to schedule it.
bvb