Form preview

IRS 1042-S 2025 free printable template

Get Form
7d Check if you are a qualified intermediary withholding foreign partnership or withholding foreign trust revising its reporting on Form 1042-S to report to a specific recipient. Form 1042-S Foreign Person s U.S. Source Income Subject to Withholding Go to www.irs.gov/Form1042S for instructions and the latest information. OMB No. 1545-0096 Copy A for Department of the Treasury Internal Revenue Service UNIQUE FORM IDENTIFIER AMENDED AMENDMENT NO. 17c Name of state For Privacy Act and Paperwork...
pdfFiller is not affiliated with IRS

Get, Create, Make and Sign form 1042 s

Edit
Edit your 1042 s form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share
Share your form instantly
Email, fax, or share your 1042 s form via URL. You can also download, print, or export forms to your preferred cloud storage service.

Editing 1042 s form online

9.5
Ease of Setup
pdfFiller User Ratings on G2
9.0
Ease of Use
pdfFiller User Ratings on G2
Use the instructions below to start using our professional PDF editor:
1
Register the account. Begin by clicking Start Free Trial and create a profile if you are a new user.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit form 1042 s. Add and change text, add new objects, move pages, add watermarks and page numbers, and more. Then click Done when you're done editing and go to the Documents tab to merge or split the file. If you want to lock or unlock the file, click the lock or unlock button.
4
Save your file. Select it from your list of records. Then, move your cursor to the right toolbar and choose one of the exporting options. You can save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud, among other things.
With pdfFiller, it's always easy to work with documents. Try it out!
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
GDPR
AICPA SOC 2
PCI
HIPAA
CCPA
FDA

IRS 1042-S Form Versions

Version
Form Popularity
Fillable & printabley
4.1 Satisfied (46 Votes)
4.3 Satisfied (33 Votes)
4.9 Satisfied (31 Votes)
4.3 Satisfied (145 Votes)
4.3 Satisfied (154 Votes)
4.3 Satisfied (105 Votes)
4.3 Satisfied (118 Votes)
4.4 Satisfied (102 Votes)
4.3 Satisfied (341 Votes)
4.4 Satisfied (324 Votes)
4.3 Satisfied (29 Votes)
4.2 Satisfied (69 Votes)
4.0 Satisfied (22 Votes)
4.2 Satisfied (58 Votes)
4.0 Satisfied (40 Votes)
4.3 Satisfied (60 Votes)

How to fill out 1042 s instructions form

Illustration

How to fill out IRS 1042-S

01
Obtain the IRS Form 1042-S from the IRS website or your tax advisor.
02
Fill in the 'Withholding Agent' information including name, address, and EIN.
03
Enter the recipient's information including their name, address, and taxpayer identification number (TIN).
04
Complete the appropriate boxes for income type, amount, and withholding information.
05
Provide any necessary exemption codes if applicable.
06
Review the form for accuracy, making sure all information is correct.
07
Sign and date the form if required before filing.
08
Submit the form to the IRS and provide copies to recipients as needed.

Who needs IRS 1042-S?

01
Foreign persons receiving income from U.S. sources that is subject to withholding tax.
02
Withholding agents that are required to report payments made to foreign individuals or entities.
03
Non-resident aliens who have received income that must be reported for U.S. tax purposes.

Who needs an IRS form 1042-S?

Internal Revenue Service requests form 1042-S from any non-resident alien individual, non-resident fiduciary or alien corporation that conducted business and received income in the territory of the United States.

What is form 1042-S for?

This form is called the Foreign Person’s U.S. Source Income Subject to Withholding. This is an annual form for all alien taxpayers who run their businesses in the USA. With this form taxpayers inform IRS of their business activity and about income they acquired over the tax year. IRS officials in turn verify this information and provide legal approval for individuals and corporations to run their business on the U.S. territory during the next year.

Is it accompanied by other forms?

It should not be accompanied by other forms. However, it is important to know, that if a non-resident individual, fiduciary or alien corporation has already filed form 1040NR (1040 NR-EZ) or form 1120-F, and they did not conduct business over the tax year, they should not file form 1042-S at all.

When is form 1042-S due?

Non-resident taxpayers must file this form with the Internal Revenue Service by March 15, 2017. The recipient of the income reported on the form must also obtain their copy of the filled out 1042-S by the same due date.  

How do I fill out an IRS form 1042-S?

There are three copies to fill out. First, taxpayers must provide one copy to the IRS, keep one copy to their own records and send one copy to the Withholding Agent. There are several copies to complete and attach to any state tax return taxpayers are going to submit.

Where do I send it?

Taxpayers must file this return with Internal Revenue Service electronically or by mail. The mailing address is:

Internal Revenue Service

1201 N. Mitsubishi Freeway,

Bloomington, IL 61705-6613

Video instructions and help with filling out and completing form 1042

Instructions and Help about form 1042 s

Hey there YouTube so in this video I wanted to cover how to complete IRS form 1042 s so this form 1042s is titled foreign persons U.S. source income subject to withholding so when do you need to complete this form anytime you as a U.S. mayor are making payments to a foreign person, so it's a non-resident individual or non-resident company, and it's of us source income you generally need to file this form, and it's also filed whether there's any withholding tax or not if you have withholding tax you definitely need to file this because you have to appropriately record how much income was paid to the non-resident and how much tax is being withheld and sent to the IRS, so I've got a sample form in front of us and then one slide that we're just going to go over really quickly, and then we'll jump back to the form itself okay, so the form like I said it is required to report U.S. source payments to non-residents and this applies whether any withholding tax is required so for example a lot of U.S. source interest payments must be reported to non-residents however they're...

Fill form 1042 s : Try Risk Free
Rate free 1042 s
4.1
Satisfied
46 Votes

People Also Ask about form 1042

Every withholding agent must file an information return, Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, to report amounts paid to foreign persons that are described under Amounts Subject to NRA Withholding and Reporting, even if withholding is not required on the payments.
More In Forms and Instructions Use Form 1042-S to report: Income and amounts withheld as described in the Instructions for Form 1042-S. Specified Federal procurement payments paid to foreign persons that are subject to withholding under section 5000C.
Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, is used to report amounts paid to foreign persons (including those presumed to be foreign) by a United States based institution or business.
Who Must File 1042-S? Any withholding agent (a person or institution, such as an employer, university, or business) that paid any amount subject to withholding to a foreign person must submit a 1042-S. The 1042-S is filed with the IRS and a completed copy is also sent to the employee or business.
The Forms 1042, 1042-S and 1042-T must be filed by March 15 of the year following the calendar year in which the income subject to reporting was paid. If March 15 falls on a Saturday, Sunday, or legal holiday, the due date is the next business day.

For pdfFiller’s FAQs

Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

The premium pdfFiller subscription gives you access to over 25M fillable templates that you can download, fill out, print, and sign. The library has state-specific s 1042 and other forms. Find the template you need and change it using powerful tools.
You can do so easily with pdfFiller’s applications for iOS and Android devices, which can be found at the Apple Store and Google Play Store, respectively. Alternatively, you can get the app on our web page: https://edit-pdf-ios-android.pdffiller.com/. Install the application, log in, and start editing s 1042 right away.
Use the pdfFiller mobile app and complete your form 1042 and other documents on your Android device. The app provides you with all essential document management features, such as editing content, eSigning, annotating, sharing files, etc. You will have access to your documents at any time, as long as there is an internet connection.
IRS 1042-S is a tax form used to report income earned by non-resident aliens and foreign entities from U.S. sources, which may be subject to U.S. withholding tax.
Entities that make payments to non-resident aliens and foreign entities, such as withholding agents, are required to file IRS 1042-S when they are subject to withholding tax.
To fill out IRS 1042-S, you need to provide the recipient's information, the type of income being reported, the amount paid, and any withholding tax amounts. Follow the IRS instructions carefully for each section.
The purpose of IRS 1042-S is to report U.S. source income distributions to non-resident aliens and foreign entities and to report the corresponding withholding taxes that have been taken out of those payments.
IRS 1042-S must report the recipient's name and address, taxpayer identification number (if applicable), the type of income paid, the gross income amount, and the amount of U.S. tax withheld.
Fill out your IRS 1042-S online with pdfFiller!

pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.

Get started now
Form preview

Related to form 1042 s fillable