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Rev. Rul. 99-58

SECTION 8. PAPERWORK

Internal Revenue Bulletin 1999-52 · 2026-10-03 edition · updated 2026-10-04 · United States

REDUCTION ACT

The collections of information contained in this revenue procedure have been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-1667. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid control number.

The collection of information is contained in section 5 of this revenue procedure which requires the filing of a statement that the alternative procedure has been elected. This information is required to aid the Service in processing Forms 1042-S, forms in the series 1098, 1099, and 5498, and Forms W-2G filed by successors who use the alternative procedure, reconcile discrepancies between the amounts reported on Forms 945 and Forms 1099 and W-2G filed by both predecessors and successors who use the alternative procedure, and reconcile discrepancies between the amounts reported on Forms 1042-S and Forms 1042 filed by predecessors and successors who use the alternative procedure. The likely respondents are business or other for-profit institutions.

The estimated average annual burden to prepare the statement is 5 minutes. The estimated number of respondents that will elect to use the alternate procedure is 6,000 and the estimated total annual reporting burden is 500 hours.

The estimated annual frequency of responses is on occasion.

Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.

DRAFTING INFORMATION

The principal author of this revenue procedure is A. Katharine Jacob Kiss of the Office of Assistant Chief Counsel (Income Tax and Accounting). For further information regarding this revenue procedure contact Ms. Kiss on (202) 622-4920 (not a toll-free call).

26 CFR 601.201: Rulings and determination letters. (Also Part I, section 1361)

Rev. Proc. 99–51

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▸Contents — Internal Revenue Bulletin 1999-52
Internal Revenue Bulletin 1999-52

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