# Information Reporting and Backup Withholding
> **IRS** · Final regulations. · Published 1996-04-22 · Effective 1997-01-01 · 61 FR 17572
## Document
- **Document number:** 96-9456
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 61 FR 17572
- **CFR reference:** 26 CFR 1
- **Publication date:** 1996-04-22
- **Effective date:** 1997-01-01
- **Treasury docket:** TD 8664
## Abstract

This document contains final regulations that provide rules regarding the reporting on Form 1042-S of certain bank deposit interest paid with respect to a United States bank account to an individual who is a nonresident alien of the United States and a resident of Canada. The IRS has determined that information concerning those deposits would be of significant use in furthering its compliance efforts, which include exchange of tax information with Canada.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/04/22/96-9456/information-reporting-and-backup-withholding)
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