Bulletin No. 1996–14 — Internal Revenue Bulletin 1996-14

separated taxpayers. This study was initially described in Announcement 96–5, 1996–4 I.R.B. 99 (Jan. 22, 1996).

Notice 96–20, page 30. Rev. Proc. 96–11, 1996–2 I.R.B. 18 relating to Specifications for Filing Form 1042–S, Foreign Person’s U.S. Source Income Subject to Withholding, Magnetically or Electronically, is corrected.

Notice 96–21, page 30. T.D. 8636, 1996–4 I.R.B. 64, relating to the time for furnishing wage statements to employees and for filing wage statements with the Social Security Administration on termination of an employer’s operations, is corrected.

Notice 96–22, page 30. T.D. 8630, 1996–3 I.R.B. 19, relating to income, estate, and gift tax regulations regarding exceptions to the use of valuation tables, is corrected.

Rev. Proc. 96–28, page 31. Per diem allowances. This procedure provides rules under which the amount of ordinary and necessary business expenses of an employee for lodging, meals, and/or incidental expenses incurred while away from home will be deemed substantiated when a payor provides a reimbursement or other expense allowance to pay for such expenses. It also provides an optional method for employees and self-employed individuals to use in computing the deductible costs of business meal and incidental expenses paid or incurred while traveling away from home. Rev. Proc. 94–77 is superseded.