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Form 1042‑S reports U.S. source income paid to a foreign person and the tax withheld.{} It is filed by the withholding agent after the calendar year of payment.{}{}
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Form 1042‑S reports U.S. source income paid to a foreign person and the tax withheld.{} It is filed by the withholding agent after the calendar year of payment.{}{}
Plain English
If you pay a non‑U.S. person money that is subject to U.S. tax—like interest, dividends, or royalties—you must send them a 1042‑S and file a copy with the IRS.{} The form shows how much was paid and how much tax was taken out.{}{}
Submission Date
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Personal Info
3 items
Enter your legal first and last name as shown on your Social Security card.
Your SSN must match IRS records exactly.
Current mailing address including street, city, state, and ZIP code.
Filing Status
1 items
Select: Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Surviving Spouse.
Income
1 items
Sum of all income sources — wages, interest, dividends, business income, capital gains, unemployment, retirement, and other income.
Adjustments
1 items
Total income minus above-the-line deductions such as IRA contributions, student loan interest, and HSA contributions.
Deductions
1 items
Choose the higher of the standard deduction for your filing status or total itemized deductions from Schedule A.
Tax
1 items
AGI minus deductions. This determines your tax bracket and the amount of tax owed.
Payments
1 items
Sum of federal tax withheld, estimated tax payments, and refundable credits like the Child Tax Credit.
Signatures
1 items
You must sign and date the return. Unsigned returns are invalid.
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