Page 11 of 11 Fileid: ... ions/I1042/2019/A/XML/Cycle07/source 17:56 - 6-Feb-2020 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. Guide to Global Payroll Management Index A Adjustment for Overwithholding 8 Overwithholding discovered at a later date 9 Overwithholding discovered by March 15 of the following calendar year 8 Reimbursement procedure 8 Set-off procedure 9 Adjustment for Underwithholding 9 Adjustments to overwithholding 1 Adjustments to withholding 6 Amended Return 10 Avoid Common Errors 4 C Certain distributions subject to section 1445 withholding tax 2 Chapter 3 and 4 status codes 1 Corporate distributions 6 D Deposit Requirements 3 Depositing on time 4 Deposits made during subsequent year 4 Electronic deposit requirement 4 Escrow procedure 4 Same-day wire payment option 4 Qualified intermediary 2 Qualified securities lender 3 Recalcitrant account holder 3 Registered deemed-compliant FFI 3 Withholding foreign partnership or withholding foreign trust 2 E Election To Withhold Under Section 3406 3 Escrow procedure 1, 4, 7 Excise tax on specified federal procurement payments 6 F Foreign partners of U.S. partnerships and foreign beneficiaries of U.S. trusts 6 I Income Tax Withholding on Wages, Pensions, Annuities, and Certain Other Deferred Income 3 Interest and Penalties 4 Interest 4 Late filing of Form 1042 4 Late payment of tax 4 Other penalties 4 Intermediary 2 Foreign financial institution 3 Nonparticipating FFI 3 Nonqualified intermediary 2 Nonwithholding foreign partnership 2 Nonwithholding foreign trust 2 Participating FFI 3 Passive non-financial foreign entity (NFFE) 3 Qualified derivatives dealer (QDD) 2 P Potential 871(m) transactions 1 Privacy Act and Paperwork Reduction Act Notice 10 Publicly traded partnerships (section 1446 withholding tax) 2 Q Qualified derivatives dealers (QDDs) 1 Qualified intermediaries with no primary chapters 3 and 4 withholding responsibility 6 R Reporting of Taxes Paid and Overpayment or Balance Due 8 QSL claiming a credit forward 8 S Section 1. Record of Federal Tax Liability 5 -11- D-70 Section 2. Reconciliation of U.S. Source FDAP Income 9 Section 3. Potential Section 871(m) Transactions 10 Section 4. Dividend Equivalent Payments by a Qualified Derivatives Dealer (QDD) 10 Specific Instructions 5 Address 5 Chapter 3 and 4 status codes of withholding agent 5 Employer identification number (EIN) 5 Rounding off to whole dollars 5 Specified federal procurement payment 6 T Third Party Designee 10 Total Gross Amounts Reported 7 Total Net Tax Liability 7 Total Tax Reported as Withheld or Paid 7 W Where and When To File 3 Extension of time to file 3 Who Must File 2 Withholding after the time of payment 7 Withholding Agent 2 Liability for tax 2