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Typically, taxation is pretty cumbersome. The importance of the event puts some stress on the individual, and filling out the form can be challenging. Each character in the Form 1042 for 2024 matters at such a critical moment, so filling out a printed form may take a lot more effort and time than a digital one. To make this process more efficient, use DocHub and complete your tax year effortlessly.

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Download your 1099 or 1042S tax form in your Social Security account. If you live outside the United States and cant access your form online, contact a Federal Benefits Unit for help.
The penalty for not filing Form 1042 when due (including extensions) is 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax.
The IRS now provides taxpayers the ability to file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, via modernized e-file (MeF).
Since the program (TurboTax Business) does not support Form 1042-S, I am not sure Support can do anything to assist you, however. If you are hopelessly lost, you should really consider contacting a local tax professional.
Form 1042-S reports payments and amounts withheld under the provisions commonly known as FATCA or chapter 4 of the Internal Revenue Code (chapter 4) in addition to those amounts required to be reported under chapter 3 of the Internal Revenue Code (chapter 3).

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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.
Submission requirements Forms 1042 that are required to be filed electronically must be submitted through the IRS Modernized e-File (MeF) process (utilizing an XML schema) by IRS-approved providers, who must go through a formal application and approval process.