File 1042-S Online for
the
Tax Year 2023
Secure E-filing and recipient
copy distribution
by postal mail or
online access.
Lowest Price in the Industry.
Benefits of Filing Form 1042-S Online
With our premier and time-saving features, filing Form 1042-S online is simple.
Easy & Secure Filing
Use our cloud-based e-filing software to quickly and securely complete your
1042-S Forms, then send copies to the recipients by foreign mail
or online.
USPS Address Validation
You can verify that you have entered the correct address for filing 1042-S
through USPS
Address Validation.
Built-in Error Check
Before sending your return to the IRS, File 1042-S verifies the form using IRS business standards to improve accuracy and decrease the chances of rejection throughout the filing process.
Postal Mail/Online Access
We send the recipients copies by postal mail and seamlessly through a secure
online
access portal.
Secure Online Portal
You can go paperless because our secure online portal lets your recipients view and download their 1042-S forms.
Autogenerate 1042 -T
Transmittal Form 1042-T will be automatically generated by our system when
you E-file Form 1042-S with us. You can access it anytime for
your reference
How do you file 1042-S Online for tax year 2023?
Follow these simple steps to begin filing Form 1042-S Online. Once you have reviewed and transmitted your
Form, we will update you on
its status with the IRS.
Choose “Form 1042-S”
from the dashboard
Enter Form 1042-S information
Review 1042-S Form Information
Transmit your Form to the IRS
Deliver Recipient copy (online/
postal)
Ready to E-file Form 1042-S with the IRS?
What information is required to File Form 1042-S Online?
-
Payers Information: Name, Address, Tax identification number, GIIN Number.
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Recipient Information: Name, Address, Tax identification number, GIIN Number.
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Income Information: This requires the income code that classifies the
payment type. -
Withholding Information: This determines the amount of tax to be withheld from payments made to nonresident aliens.
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Withholding agent information: Name, EIN, GIIN
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Primary Withholding Agent information: Name (If applicable), EIN
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Intermediary or flow-through entity information: Name, GIN, EIN (if any)
-
State Withholding Information: State income tax withheld, Payer’s state tax number, Name of
the State.
What is the Due Date to file form 1042-S?
Form 1042-S must be filed with the IRS by March 15th, 2024, for the 2023 tax year, whether you're filing electronically or on paper. You must furnish the recipient copies of Form 1042-S to your recipients on the same date.
E-file your Form 1042-S before the deadline to avoid penalties.
Frequently Asked Questions to File 1042-S Online
Form 1042-S, also known as "Foreign Person’s U.S. Source Income Subject to Withholding,” is generally filed by the withholding agents to report any payments paid to foreign persons. This applies to non-resident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts subject to income tax withholding.
A 1042-S form must be filed to the IRS, and a copy must be distributed to the recipient whenever an entity such as an employer, educational institution, or company withholds taxes on payments made to a foreign entity. This form guarantees adherence to tax laws.
Form 1042-S should be filed regardless of whether tax is withheld or not. The details in Form 1042-S include the payer and recipient information, income, withholding agent, and state withholding information. Learn more about the 1042-S Instructions in detail here.
The Due date for filing Form 1042-S with the IRS is March 15 for the 2023 tax year. This is also the due date for furnishing all recipients with a copy of the form. If this date falls on a weekend or government holiday, the due date will be the next business day.
The withholding agent can be penalized between $60 and $330 for each Form 1042-S if they submit it after the deadline or with inaccurate information. The penalty amount is determined by the time between the deadline and the form's filing date.