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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 must file IRS Form 1042?
A: Foreign persons who have received U.S. source income and have had taxes withheld from their income must file IRS Form 1042.
Q: What is U.S. source income?
A: U.S. source income refers to income that is derived from U.S. sources, such as wages, salaries, rents, royalties, or any other fixed or determinable annual or periodical gains, profits, or income.
Q: What is the purpose of IRS Form 1042?
A: The purpose of IRS Form 1042 is to report and pay the withheld taxes on U.S. source income of foreign persons.
Q: When is the deadline to file IRS Form 1042?
A: The deadline to file IRS Form 1042 is generally March 15th of the year following the calendar year in which the U.S. source income was paid.
Q: Are there any penalties for late filing of IRS Form 1042?
A: Yes, there are penalties for late filing of IRS Form 1042. It is important to file the form on time to avoid penalties and interest charges.
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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