The IRS has released Publication 1187 for tax year 2022. This document provides electronic specifications for filing Form 1042-S with the IRS.
There are no fundamental changes to the electronic specifications themselves, but there are a few notable changes to ancillary information.
Filers who have FIRE transmitter control codes (TCCs) that were applied for earlier than September 23, 2021 will have to file a Information Return (IR) application to their retain their TCCs prior to August 1, 2023. If a filer who does not provide a IR application by that date, its TCC will be disabled.
The document states the IRS may change the 250 record filing threshold for requiring electronic filing of forms. This change is pending a change in IRS regulation.
Initial 30-day extensions for filing Form 1042-S are now noted as being issued automatic once the extension is filed. Further, the publication does not provide an express date for when extensions will be accepted by the IRS, instead stating that extensions may be filed once permitted by the FIRE system.
To review Publication 1187, please follow this link.
