SUMMARY OF BUREAU OF INTERNAL REVENUE REGULATIONS CONCERNING FORMS AND THEIR USE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP57-00384R001200010021-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Sequence Number: 21
• Publication Date: December 14, 1948
• Content Type: REGULATION

Approved For Release 2007/01/16: CIA-RDP573W3200010021-6
Ci: lar No. A-38
Released December 14, 1948
EXECUTIVE OFFICE OF THE PRESIDENT
BUREAU OF THE BUDGET
WASHINGTON 25, D. C.
SUMMARY OF BUREAU OF INTERNAL REVENUE
REGULATIONS CONCERNING FORMS AND THEIR USE
Form W-2. Every employer is required by Sec-. 1625 of the Internal
Revenue Go de and the regulations prescribed thereunder (Regulations 116,
section 405.501 as amended by T. D. 51192, approved January 30, 1946) to
furnish to each employee from whose wages tax is withheld, or would be
withheld if such employee had claimed no more than one withholding
exemption, a Withholding Statement on Form W-2, showing wages paid and
tax withheld, if any, during the calendar year 1948. This Form was last
revised in July, 1948.
The original and duplicate withholding Statement, Form W-2, for
calendar year 1948 must be furnished to the employee on or before Janu-
ary 31, 1949, unless employment terminated before the close of 1948, in
which event the statement must be furnished within thirty days after
wages were last paid.
It is further required by section 405.601 of Regulations 116 that
a triplicate of each Form W-2 (Form W--2a), issued for the year be in-
cluded with the return filed on Form W--1 for the fourth quarter of 1948,
together with a reconciliation on Form W-3 between the statements fur-
nished employees and the quarterly returns on Form W-1. Form W-1 for
the fourth quarter of 1943 is required to be filed during January, 1949.
Form 1099. A return is required on Form 1099 with respect to com-
pensaton for personal services not reported on Form W-2 if the total
amount paid during the calendar year 1948 is $600 or more irrespective
of the marital status of the payee.
omission of travel expense. Amounts paid by the United States to
persons in its 'service as an allowance for traveling expenses, including
an allowance for meals and lodgings, as, for example, a per diem allow-
ance in lieu of subsistence, and amounts paid as reimbursements for
traveling expenses, need not be reported on Forms W-2 or 1099.
(No. A-38)
Approved For Release 2007/01/16: CIA-RDP57-00384R001200010021-6