Form 1042-S

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Form 1042-S

A form that one files with the IRS to report certain U.S. income of a foreign person that is subject to withholding. It is especially used for income derived from a nominee or a publicly-traded partnership. Many common types of income, notably income reported on W-2 or 1099 forms, is not reported on Form 1042-S.

References in periodicals archive ?

Mar 17 / DB+DC / Forms 1042S and 1042 due to IRS, to report retirement plan distributions made to nonresident aliens and income tax withheld from distributions made to nonresident aliens.*

Staying Vigilant

Because the population of Forms 1042S, Forms 8805, and Form 8288-A were used for the statistics, the data are not subject to sampling error.

Income Forms 1042S: Number, Total U.S.-Source Income, and U.S.

Foreign recipients of U.S. income, 2008

Income, Table 1: Forms 1042S: Number, Total U.S.-Source Income, and U.S.

Profile of multinational businesses with inbound investments

Mar 15 / Forms 1042S and 1042 due to IRS to report retirement plan distributions made to nonresident aliens and income tax withheld from distributions made to nonresident aliens.

2013 Compliance Calendar

The statistics in this data release were tabulated by calendar year, using all Forms 1042S filed with the Internal Revenue Service for 2007.

Because all Forms 1042S were used for the statistics, the data are not subject to sampling error.

Foreign recipients of U.S. income, 2007

Meanwhile, the total number of payments reported on Forms 1042S rose to an all-time high of 2.53 million.

The total number of Forms 1042S filed for 2000 reached 2.53 million, a slight increase from 1999 (2.40 million).

Foreign recipients of U.S. income, 2000

The total number of Forms 1042S filed for 1999 reached 2.4 million, a slight increase from 1998 (2.39 million).