Form 1042
(redirected from 1042 Forms)Form 1042
A form that one files with the IRS to report withholding of taxes from the U.S. income earned by a foreign person. It is also used to report the 2% excise tax on certain payments of foreign procurements. The form is filed annually. See also Form 1042-S.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved