1099 Forms Guide & Resources
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File Form 1042-S Online – Secure, Compliant IRS Filing
Form 1042-S is used to report U.S.-source income paid to foreign persons that is subject to withholding. This includes dividends, royalties, compensation, and other income.
Our system ensures you stay compliant with IRS eFile mandates for forms 1042-S and 1042.
What Is 1042-S?
Form 1042-S reports payments to non-U.S. persons when withholding is required, helping businesses meet IRS obligations.
Who Must File a 1042-S Form?
You must file if you paid:
- Dividends, interest, or royalties to foreign persons
- U.S.-source compensation to nonresident aliens
- Other withholdable payments
Information Needed to Complete a 1042-S
- Withholding agent details: name, address, TIN
- Recipient details: name, address, foreign TIN/SSN (if any)
- Payment amounts and income codes
- Federal tax withheld
How to eFile 1042 Online Easily
- Gather withholding and payment totals
- Reconcile with issued 1042-S forms
- Validate amounts and tax withheld
- File electronically with the IRS
How to eFile 1042-S Online Easily
- Gather recipient and payment data
- Validate income codes and withholding amounts
- eFile directly with the IRS
- Deliver copies to foreign recipients
IRS 1042-S Deadlines & Filing Penalties
- Recipient copies: March 15
- IRS electronic filing: March 15 (mandatory if filing 250+ forms)
Penalties range from $50–$290 per form; intentional disregard fines exceed $630.
Why eFile Your 1042-S Form With Us?
- IRS-mandated eFile compliance
- Automated error detection
- Secure electronic delivery worldwide
Frequently Asked Questions
What is Form 1042-S used for?
To report U.S.-source income paid to foreign persons subject to withholding.
Who files Form 1042-S?
Withholding agents such as banks, universities, and employers.
Do I need to file if no withholding occurred?
Yes, reporting may still be required even without withholding.
Can I file multiple 1042-S forms at once?
Yes, bulk upload is supported for high-volume reporting.
What’s the difference between 1042 and 1042-S?
Form 1042 is the annual return, while 1042-S reports individual recipient details.
Start Filing Your 1042-S Forms Online Today
Meet IRS requirements with ease and confidence. Start filing 1042-S forms today using our secure eFile solution.