1042-S Scenario: Casino and Foreign Winner’s Gambling Winnings
When a foreign tourist wins money at a U.S. casino, the IRS requires reporting through Form 1042-S. Gambling winnings for […]
October 28, 2024
1042-S Scenario: Book Publisher and Foreign Author Royalties
When a U.S. publisher pays royalties to a foreign author, those payments count as U.S.-source income. The publisher must report
How can I get refund from the total withholding credit on Form 1042-S?
To get a refund from the total withholding credit on Form 1042-S, follow these steps: 1. Complete Your U.S. Tax