MT574IRSLST: (24) Field 22F: Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

PRESENCE

Mandatory in optional subsequence B2

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

ITYP

N

 

F

Type of Income

2

O

ETYP

N

 

F

Type of Exemption

DEFINITION

This qualified generic field specifies:

ETYP

Type of Exemption

Specifies the basis for the reduced rate of withholding.

ITYP

Type of Income

Specifies the type of income based on the codes used for filing Forms 1042-S or 1099.

CODES

If Qualifier is ETYP and Data Source Scheme is IRSX, Indicator must contain one of the following codes :

0001

Type 1

Income effectively connected with a U.S. trade or business.

0002

Type 2

Exempt under an Internal Revenue Code section (income other than portfolio interest).

0003

Type 3

Income is not from U.S. sources.

0004

Type 4

Exempt under tax treaty.

0005

Type 5

Portfolio interest exempt under an Internal Revenue Code section.

0006

Type 6

Qualified Intermediary that assumes primary withholding responsibility.

0007

Type 7

Withholding foreign partnership.

0008

Type 8

U.S. branch treated as a U.S. person.

0009

Type 9

Qualified Intermediary represents income is exempt.

CODES

If Qualifier is ITYP and Data Source Scheme is IRSX, Indicator must contain one of the following codes :

0001

Type 1

Interest paid by U.S. obligors - general.

0002

Type 2

Interest on real property mortgages.

0003

Type 3

Interest paid to controlling foreign corporations.

0004

Type 4

Interest paid by foreign corporations.

0005

Type 5

Interest on tax-free covenant bonds.

0006

Type 6

Dividends paid by U.S. corporations - general

0007

Type 7

Dividends paid by U.S. subsidiaries to foreign parent corporations (including consent dividends).

0008

Type 8

Dividends paid by foreign corporations.

0009

Type 9

Capital gains.

0010

Type 10

Industrial royalties.

0011

Type 11

Motion picture or television copyright royalties.

0012

Type 12

Other royalties (eg, copyright, recording, publishing).

0013

Type 13

Real property income and natural resources royalties.

0014

Type 14

Pensions, annuities, alimony, and/or insurance premiums.

0015

Type 15

Scholarship or fellowship grants.

0016

Type 16

Compensation for independent personal services.

0017

Type 17

Compensation for dependent personal services.

0018

Type 18

Compensation for teaching.

0019

Type 19

Compensation during studying and training.

0020

Type 20

Earnings as an artist or athlete.

0024

Type 24

Real estate investment trust (REI) distributions of capital gains.

0025

Type 25

Trust distributions subject to IRC section 1445.

0026

Type 26

Unsevered growing crops and timber distributions by a trust subject to IRC section 1445.

0027

Type 27

Publicly traded partnership distributions subject to IRC section 1445.

0028

Type 28

Gambling winnings.

0029

Type 29

Deposit interest.

0030

Type 30

Original issue discount (OID).

0031

Type 31

Short OID.

0032

Type 32

Notional principal contract income.

0050

Type 50

Other income.