SCT Banner Human Resources / Release Guide / 7.0

Section 8 Support for 1042-S Changes - FunctionalOverviewSection 8Support for 1042-S Changes - FunctionalOverviewNote: This functionality was originally delivered with Human ResourcesRelease 6.0.5.For 2003 reporting, the Foreign Person 1042-S Report (PXR1042) has beenmodified to include the reporting of state-tax related information associated withtwo new Deduction Types, 21 and 22. This resolves RPE #30083.Additionally, this process has also been modified to print a zero (0)in Box 7 USFederal Tax Withheld, when Federal Tax Withheld is zero dollars ($0). This resolvesdefect #90019.For your convenience, the 1042-S Processing notes have been included on page 142.Note: To simplify the utilization of the new Deduction Types 21 and 22 forreporting of state tax withheld and exempt wages for states honoring taxtreaties, SunGard SCT recommends implementing the new deductiontypes at the beginning of the payroll tax year. If a site makes the transitionafter the first payroll has been run, manual payroll adjustments will needto be made to transfer state deduction type 04 amounts to the new stateDeduction Type 21 along with any applicable treaty allowance forDeduction Type 22.Changed Report and ProcessForeign Person 1042-S Report (PXR1042)The Foreign Person 1042-S Report (PXR1042) has been modified in the followingrespects:• The process now prints a zero (0) in Box 7, US Federal Tax Withheld, when noFederal Tax is withheld. This resolves defect #90019.• Deduction Type 21 - Foreign Persons State Tax-1042S Reportable, has beenincluded to report an employee’s state tax withheld when associated withforeign treaty limits.This completes RPE #30083.January 2005 Human Resources/Position Control Release 7.0Confidential Release Guide 141