IRS form 1042-S
is an information return sent to foreign individuals reporting
income from a United States-based source--in other words,
non-residents who conduct some form of business within the
United States. This can include investments or capital
distribution. The form is sent to the non-resident by the bank
or corporation (or
withholding agent) that handles the transaction.
You are a
withholding agent if you are a U.S. or foreign person that has
control, receipt, custody, disposal, or payment of any item of
income of a foreign person that is subject to withholding.
software makes it easy to import, print and/or efile IRS Form
1042-S quickly and easily.
1042-S is the most difficult information return to
electronically submit to the IRS. There are many,
many variables involved with this form and the data has
to be complete or else the IRS FIRE System will reject
We can prepare and e-file form
experienced staff who file over a million information
returns per year. Oftentimes the turn-around time is 1-2
days. Our sales
office can be reached at (480) 460-9311.
Type information on the screen as it would be
typed on the form itself. Or
import the data
from Excel (xls, xlsx) and/or CSV file format
or some type of spreadsheet. Its easy to do
and we have sample excel spreadsheets.
Form 1042-S can
be printed on plain paper with black ink, unlike Forms 1098 and
1099 which must be printed on red-ink forms.
We can email instructions on
how to download and install a free PDF print driver that will
let you convert any document to PDF.
File unlimited 1042-S forms electronically with the IRS.
Our 1042-S software
files in the format required by the IRS for electronic
transmission. The system is updated each year to reflect the
format changes that are made by the IRS.
support is provided at no extra charge for the tax year
that the software was purchased.
Free live update feature helps us
communicate with you, the customer, and keep you up-to-date with the latest form
may be stored
anywhere on your hard drive, portable drives, network drives or external diskettes
for quick retrieval. You can also export your
data to a csv file format.
Income, Exemption, Recipient and Country codes.
whether filed on paper or electronically, must be filed with
the IRS by March 15 of the year following
the year of payment. You are also required to furnish Form
1042-S to the recipient of the income on or before March 15 of
the year following the year of payment.
To request an
extension of time to file Forms 1042-S, file Form 8809,
Application for Extension of Time To File Information Returns.
You should request an extension as soon as you are aware that an
extension is necessary, but no later than the due date for
filing Form 1042-S.
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Common 1042-S Questions ...
I'm a US Citizen with a SSN. Why am I getting IRS Form
I'm not a US Citizen and I received a 1042-S Form reporting
income I earned in the US. What do I do with this form?
How do I file 1042-S electronically?