The appropriate format validation of the IRS Beneficial Owners' List of the MT 574 IRS 1441 NRA is triggered by the code IRSLST in field 119 ({3:{119:IRSLST}}) of the user header of the message (block 3).
This message is sent by a Non-Qualified Intermediary (NQI) to its Withholding Agent or by a Qualifier Intermediary to its US Custodian at the beginning of the year or prior to a payment of a reportable amount.
This message is used as an income report to provide owner or pooled income information for a period of time arranged between the intermediary and the withholding agent.
More generally, this message can be sent to provide beneficial owner information required to process withholding tax reclaims and applications for relief at source.
request the cancellation of a previously sent IRS Beneficial Owners' List.
replace a previously sent IRS Beneficial Owners' List if a change in circumstances makes any information about the IRS Beneficial Owners' List you have submitted incorrect.
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
Mandatory Sequence A General Information |
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| M | 16R | Start of Block | GENL | 1 | ||
| M | 28E | Page Number/Continuation Indicator | 5n/4!c | 2 | ||
-----> |
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| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 3 |
-----| |
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| M | 23G | Function of the Message | 4!c[/4!c] | 4 | ||
| M | 98a | PREP | Date/Time | Preparation Date | A or C | 5 |
-----> Optional Repetitive Subsequence A1 Linkages |
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| M | 16R | Start of Block | LINK | 6 | ||
| O | 13a | LINK | Number Identification | Linked Message | A or B | 7 |
| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 8 |
| M | 16S | End of Block | LINK | 9 | ||
-----| End of Subsequence A1 Linkages |
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| O | 95a | ACOW | Party | Account Owner | P or R | 10 |
| O | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 11 |
| M | 17B | INRE | Flag | Income Report Flag | :4!c//1!a | 12 |
| M | 16S | End of Block | GENL | 13 | ||
End of Sequence A General Information |
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-----> Mandatory Repetitive Sequence B Beneficial Owner Details |
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| M | 16R | Start of Block | BENODET | 14 | ||
| O | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 15 |
-----> |
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| M | 22F | 4!c | Indicator | (see qualifier description) | :4!c/[8c]/4!c | 16 |
-----| |
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-----> Mandatory Repetitive Subsequence B1 Address |
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| M | 16R | Start of Block | ADDRESS | 17 | ||
| M | 17B | 4!c | Flag | (see qualifier description) | :4!c//1!a | 18 |
-----> |
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| M | 95a | 4!c | Party | (see qualifier description) | S or T | 19 |
-----| |
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-----> |
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| M | 94a | 4!c | Place | (see qualifier description) | C, D, or G | 20 |
-----| |
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| O | 13B | POST | Number Identification | Postal Code | :4!c/[8c]/30x | 21 |
| M | 16S | End of Block | ADDRESS | 22 | ||
-----| End of Subsequence B1 Address |
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-----> Optional Repetitive Subsequence B2 Income Report |
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| M | 16R | Start of Block | INCOME | 23 | ||
-----> |
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| M | 22F | 4!c | Indicator | (see qualifier description) | :4!c/[8c]/4!c | 24 |
-----| |
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-----> |
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| M | 92A | 4!c | Rate | (see qualifier description) | :4!c//[N]15d | 25 |
-----| |
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-----> |
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| M | 19A | 4!c | Amount | (see qualifier description) | :4!c//[N]3!a15d | 26 |
-----| |
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| M | 16S | End of Block | INCOME | 27 | ||
-----| End of Subsequence B2 Income Report |
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| M | 16S | End of Block | BENODET | 28 | ||
-----| End of Sequence B Beneficial Owner Details |
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Optional Sequence C Additional Information |
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| M | 16R | Start of Block | ADDINFO | 29 | ||
-----> |
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| O | 95a | 4!c | Party | (see qualifier description) | P, Q, or R | 30 |
-----| |
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| O | 70E | ADTX | Narrative | Additional Text | :4!c//10*35x | 31 |
| M | 16S | End of Block | ADDINFO | 32 | ||
End of Sequence C Additional Information |
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There are no network validated rules for this message type.
There are no usage rules for this message type.