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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: Anyone who has withheld taxes on U.S. source income paid to foreign persons or entities needs to file IRS Form 1042.
Q: What is the purpose of IRS Form 1042?
A: The purpose of IRS Form 1042 is to report the amount of U.S. source income withheld and the taxes withheld on behalf of foreign persons.
Q: When is IRS Form 1042 due?
A: IRS Form 1042 is generally due by March 15th of the year following the calendar year in which the income was paid.
Q: What happens if I don't file IRS Form 1042?
A: Failure to file IRS Form 1042 or filing it late can result in penalties and interest charges.
Q: Are there any exceptions or special rules for filing IRS Form 1042?
A: Yes, there are certain exceptions and special rules for filing IRS Form 1042. It is advised to consult with a tax professional or refer to the official IRS guidelines for specific details.
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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