Form 1042 s: Fill out & sign online

Here's how it works

01. Edit your form 1042 fillable online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send s income via email, link, or fax. You can also download it, export it or print it out.

The best way to edit 1042 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on paperwork with our feature-rich and user-friendly PDF editor is straightforward. Adhere to the instructions below to fill out 1042 online quickly and easily:

Log in to your account. Log in with your credentials or create a free account to test the service before upgrading the subscription.
Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit 1042. Effortlessly add and highlight text, insert pictures, checkmarks, and symbols, drop new fillable fields, and rearrange or delete pages from your document.
Get the 1042 completed. Download your modified document, export it to the cloud, print it from the editor, or share it with others using a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to promptly manage your paperwork online!

See more 1042 versions

We've got more versions of the 1042 form. Select the right 1042 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2022	4.8 Satisfied (155 Votes)
2020	4.4 Satisfied (187 Votes)
2019	4.3 Satisfied (88 Votes)
2018	4.2 Satisfied (88 Votes)
2012	4 Satisfied (25 Votes)
2016	4.4 Satisfied (545 Votes)
2015	4.3 Satisfied (67 Votes)
2017	4.2 Satisfied (72 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is reported on a 1042?

Every withholding agent must file an information return, Form 1042-S, Foreign Persons 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.

What is the difference between 1042 and 1042s?

The main difference between forms 1042 and 1042-S is that form 1042-S is concerned with payments made to foreign persons, while form 1042 is concerned with determining how much income will be withheld for tax withholding purposes.

Do I need to report 1042?

Every withholding agent must file an information return, Form 1042-S, Foreign Persons 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.

What is the difference between 1042 and 1042s?

The main difference between forms 1042 and 1042-S is that form 1042-S is concerned with payments made to foreign persons, while form 1042 is concerned with determining how much income will be withheld for tax withholding purposes.

What income is subject to 1042 withholding?

Amounts subject to reporting on Form 1042-S are amounts paid to foreign persons even if the withholding agent did not withhold tax because the income was exempt from tax under a U.S. tax treaty or the IRC, including the exemption for income that is effectively connected with the conduct of a trade or business in the

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What type of tax is 1042?

Use Form 1042 to report the following: The tax withheld under chapter 3 on certain income of foreign persons, including nonresident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts. The tax withheld under chapter 4 on withholdable payments.

Do you pay tax on 1042?

Form 1042-S payments are subject to withholding. The withholding level is: 14% for scholarships/fellowships if the payee is in F, J, M, or Q status and has a valid Taxpayer Identification Number, 30% otherwise.

What happens if I dont file 1042s?

Failure to Furnish Correct Form 1042-S to Recipient If you fail to provide correct statements to recipients and cannot show reasonable cause, a separate penalty of up to $280 each (for filing year 2022) may be imposed for each failure to furnish Form 1042-S to the recipient when due.

What is IRS Form 1042 used for?

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. Distributions of effectively connected income by a publicly traded partnership or nominee.

Who is required to file a 1042?

Every withholding agent or intermediary who receives, controls, has custody of, disposes of, or pays a withholdable payment (to which chapter 4 withholding applies) or an amount subject to withholding, must file an annual return for the preceding calendar year on Form 1042 unless an exception to filing applies.

Get the up-to-date 1042-2024 now

Here's how it works

The best way to edit 1042 in PDF format online

See more 1042 versions

Complete this form in 5 minutes or less

Got questions?

What is reported on a 1042?

What is the difference between 1042 and 1042s?

Do I need to report 1042?

What is the difference between 1042 and 1042s?

What income is subject to 1042 withholding?

Complete this form in 5 minutes or less

People also ask

What type of tax is 1042?

Do you pay tax on 1042?

What happens if I dont file 1042s?

What is IRS Form 1042 used for?

Who is required to file a 1042?

form 1042

Try more PDF tools