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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1042
for the current year.
IRS Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
What Is IRS Form 1042?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1042?
A: IRS Form 1042 is the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
Q: Who needs to file IRS Form 1042?
A: Any person or entity that has withheld U.S. income tax on income from U.S. sources and paid the withheld tax to the IRS needs to file Form 1042.
Q: What is the purpose of IRS Form 1042?
A: The purpose of Form 1042 is to report and pay the withheld tax on income from U.S. sources to the IRS.
Q: When is the deadline to file IRS Form 1042?
A: Form 1042 must be filed by March 15th of the year following the calendar year in which the income subject to withholding was paid.
Q: Are there any penalties for late filing of IRS Form 1042?
A: Yes, there are penalties for late filing of Form 1042. The penalty amount depends on the length of the delay and the amount of tax owed.
Q: Do I need to include any supporting documents with IRS Form 1042?
A: Yes, you may need to include supporting documents such as Forms 1042-S, which are used to report amounts paid to foreign persons subject to withholding.
Q: Can IRS Form 1042 be filed electronically?
A: Yes, Form 1042 can be filed electronically using the IRS's FIRE (Filing Information Returns Electronically) system.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1042 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
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