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TREAS/IRS RIN: 1545-BM93 Publication ID: Spring 2019 
Title: Regulations Relating to Refunds and Credits Under Chapter 3, Chapter 4, and Related Withholding Provisions 

These proposed regulations set out various rules related to claims for refund or credit for amounts required to be withheld under chapter 3 or 4 of the Internal Revenue Code. In part, these regulations limit claims for credits or refunds related to amounts withheld under chapter 3 or 4 to the extent that the relevant withholding agent failed to deposit an amount required to be withheld and deposited. These regulations also modify procedures related to amending Forms 1042-S (Foreign Person's U.S. Source Income Subject to Withholding). These regulations further modify rules related to refund or credit claims when a withholding agent pays the required withholding on behalf of the beneficial owner. In addition, these regulations make other modifications and clarifications with respect to claims for credit or refund based on withholding required under chapter 3 or 4.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 1441 to 1474, and 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2019 
Additional Information: REG-126079-15 (Temp) Drafting attorney: Subin Seth (202) 317-6942 Reviewing attorney: John Sweeney (202) 317-6942 Treasury attorney: Jason Yen (202) 622-1776 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BM92 
Agency Contact:
Subin Seth
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6942