SEC. 10. DUE DATES

.01 The due dates for filing paper returns with IRS also apply to magnetic media or electronic filing. Filing of Form 1042–S is on a calendar year basis. Files must be submitted to IRS/ MCC postmarked no later than March 15. .02 Form 1042–S returns filed magnetically must be submitted to IRS/ MCC postmarked or, (if other than the

U.S. Postal Service) received no later

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than March 15. When using delivery

service other than the U.S. Postal

Service the date of receipt will be the

date received at IRS/MCC.

.03 Copies of Form 1042–S infor-

mation must also be furnished to the

recipient by March 15.

.04 If the due date of March 15

falls on a Saturday, Sunday, or a legal

holiday, the return to IRS and the

statement to recipient is considered

timely if filed with IRS and furnished to

the recipient on the next business day.

.05 Late filed media could result

in a penalty for failure to file correct

information returns by the due dates.

(For information on penalties, refer to

the Penalty Section of the 1995 Instruc-

tions for Form 1042–S).