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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for IRS Form 1042
for the current year.
Instructions for IRS Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
This document contains official instructions for IRS Form 1042 , Annual Source Income of Foreign Persons - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1042 is available for download through this link.
FAQ
Q: What is IRS Form 1042?
A: IRS Form 1042 is an Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
Q: Who needs to file IRS Form 1042?
A: Foreign persons who receive income from U.S. sources and are subject to withholding tax need to file IRS Form 1042.
Q: What is the purpose of IRS Form 1042?
A: The purpose of IRS Form 1042 is to report and remit withholding tax on income paid to foreign persons.
Q: When is the deadline for filing IRS Form 1042?
A: The deadline for filing IRS Form 1042 is generally March 15th of the following year.
Q: Are there any penalties for late filing of IRS Form 1042?
A: Yes, there are penalties for late filing of IRS Form 1042. The amount of the penalty depends on the amount of tax owed and the length of the delay.
Instruction Details:
- This 11-page document is available for download in PDF;
- Not applicable for the current tax year. Choose a more recent version to file this year's taxes;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of IRS-released tax documents.
Download Instructions for IRS Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
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