SECTION 1. PURPOSE

.01 This revenue procedure sets forth the requirements of the various magnetic tape programs under which a Reporting Agent (‘‘Agent’’ as defined in section 4.04 of this revenue procedure) may file the following forms on magnetic tape: (1) Form 941, Employer’s Quarterly Federal Tax Return (‘‘Form 941 Mag Tape Program’’); (2) Form 940, Employer’s Federal Unemployment Tax Return (‘‘Form 940 Mag Tape Program’’); and (3) Form 945, Annual Return of Withheld Income Tax (‘‘Form 945 Mag Tape Program’’). These magnetic tape programs are collectively referred to as the ‘‘Mag Tape Programs.’’

.02 The technical specifications for filing these forms on magnetic tape are published separately as follows: (1) Publication 1264, File Specifications, Processing Criteria and Records Layouts for Magnetic Tape Filing of Form 941, Employer’s Quarterly Federal Tax Return; (2) Publication 1314, File Specifications, Processing Criteria and Records Layouts for Magnetic Tape Filing of Form 940, Employer’s Federal Unemployment Tax Return; and (3) Publication 1833, File Specifications, Processing Criteria and Records Layouts for Magnetic Tape Filing of Form 945, Annual Return of Withheld Income Tax. Publications 1264, 1314, and 1833 are collectively referred to as ‘‘Publications.’’

.03 This revenue procedure supersedes Rev. Proc. 94–18, 1994–1 C.B. 580, Rev. Proc. 93–46, 1993–2 C.B. 545, and Rev. Proc. 94–59, 1994–2 C.B. 747.