Rev. Proc. 56-36

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to state that the Internal Revenue Service will accept reels of magnetic tape in lieu of listing on Form 941a, `Continuation Sheet For Form 941, 941VI, or 943.'

SEC. 2. BACKGROUND.

.01 Form 941, `Employer's Quarterly Federal Tax Return,' provides space in schedule A, `Quarterly Report of Wages Taxable under the Federal Insurance Contributions Act,' for listing the account numbers, names, and wages of employees, as well as the State in which each employee is employed. Form 941a is available to employers who need additional space for the listing of employees.

.02 Revenue Procedure 56-10, C.B. 1956-1, 1026, states that substitutes for Form 941a may be privately printed with slight variation of format and used without specific approval of the Internal Revenue Service, if the specifications enumerated in section 3 thereof are met.

SEC. 3. AUTHORIZATION FOR USE OF MAGNETIC TAPE.

In lieu of listing on Form 941a, the above-required data may be submitted on reels of magnetic tape. The receipt of wage earnings reports on tape by the Bureau of Old Age Survivors Insurance will eliminate the manual key punchings of earnings information for each employee, since all essential information can be converted into a punched card form from the tapes by means of auxiliary machines.

SEC. 4. REQUIREMENTS.

Form 941, with the exception of listing the names of employees in Schedule A, must be completed in detail and filed with the District Director of Internal Revenue in the usual manner. All of the information required to be reported on the quarterly wage reports, schedule A of Form 941, must be contained on the tape. The employer must maintain the same wage records and other payroll data that have been available in the past for inspection and examination by authorized officers of the service.

SEC. 5. REQUESTS FOR APPROVAL.

Before the above described method of reporting may be used, a request for approval must be submitted to the Commissioner of Internal Revenue, Washington 25, D.C., Attention:O:C:PL. The proposed method, which must be described in detail, must also meet the requirements of the Social Security Administration, Bureau of Old Age and Survivors Insurance.

SEC. 6. EFFECT ON OTHER DOCUMENTS.

This Revenue Procedure modifies Revenue Procedure 56-10, supra , by permitting a substitute for Form 941a in the manner described above.

SEC. 7. EFFECTIVE DATE.

This Revenue Procedure will be effective immediately.