Rev. Proc. 82-68

Section 1. Background

Rev. Proc. 81-53, 1981-2 C.B. 629, contains the procedures whereby Reporting Agents preparing Form 941, Employer's Quarterly Federal Tax Return, for groups of taxpayers can furnish the required information in the form of magnetic tape instead of paper documents.

Sec. 2. Procedure

Rev. Proc. 81-53 is modified to delete that portion of Section 1.02 after the works "tape specifications," so that it reads "This revenue procedure reflects the current changes to the tape specifications."

Section 12.09, with respect to tape positions 1002-1018, is modified to read as follows:

Tape Position Element Name Entry or Definition

1002-1011 Final Deposit for Quarter Enter zeros. Any amount for this field should be included in the Amount Deposited, Last Day (3rd Month)

1012-1017 Date of Final Deposit for Quarter Enter zeros

1018 First Time 3-Banking Day Enter zero if taxpayer is Depositor or 95% Safe Haven a first time 3-banking Rule day depositor, or is making deposits using the 95% safe haven rule. Otherwise, enter 1.

Sec. 3. Effect on Other Revenue Procedures

Sections 1.02 and 12.09 of Rev. Proc. 81-53 are modified.

Sec. 4. Effective Date

This revenue procedure will apply to all Forms 941 filed on magnetic tape after December 31, 1982.