Comply Exchange Logo

New Publication 1187 as of May 2022!

On May 4, 2022, the Internal Revenue Service (IRS) published an updated Publication 1187, Specifications for Electronic Filing of Forms 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding For Tax Year 2021. The updates as of May 4, 2022, include:

  • Part A. General Information
  • Section 5 Additional Resources. Added entry for new Form 1042-S Data Integrity Tool – Software program provides a no-cost standalone tool to withholding agents that will assist them in complying with their reporting and withholding responsibilities.
  • Part B. Data Communications
  • Section 1 information Reporting Application for Transmitter Control Code (TCC) – Added scanned, PDF, PNG, TIF, GIF, JPG, Word, Excel formats will not be accepted.
  • Section 2 User ID, Password, PIN, and Secret Data Phrase Requirements. 01. Defined User ID required format effective January 1, 2022.
  • Section 3 Connecting to FIRE – In File Status Results, merged file statuses “Good, Not Released” and “Good Released” into a single status of “Good”.
  • Section 4 Electronic Specifications. FIRE System Internet Security Technical Standards, added, the FIRE Production and Test System server no longer supports Secure Socket Layer (SSL) 3.0 as one of the FIRE System’s Internet Security Technical Standards. Transmitters using IE 6.0 or lower as their browser may have problems logging in and connecting to the FIRE System. Steps included on how to connect and upload a file.
  • Section 5 Electronic Submissions. File Definitions. In Amended File bullet, changed files status “Good, Released” to “Good” status.
  • Section 7 Accuracy of Data and Common Formatting/Submission Errors. Common Submission Errors – changed file status “Good, Not Released” to “Good” status.
  • For all mentions of fire@irs.gov and irs.e-helpmail@irs.gov, email addresses, added turn off any email auto-replies to these email addresses.

Check out the May 2022 Pub. 1187 here:

https://www.irs.gov/pub/irs-pdf/p1187.pdf

Make sure to follow Comply Exchange for more industry updates and subscribe to the Comply Catch-up for a full industry round-up at the end of each month!

New Publication 1187 as of May 2022!

You might also enjoy

Join our mailing list!

About Us

Comply Exchange was built to give businesses and individuals alike the support that they need to comply with the complex and ever-evolving regulatory tax burdens imposed by the IRS and other global authorities with respect to information reporting and withholding.

Reach out to our experts today to schedule a demo and see how our software and services can help you streamline and automate your tax compliance needs.