Form 1042-S (2022)


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Get your Form 1042-S (2022) in 3 easy steps

  • 01 Fill and edit template
  • 02 Sign it online
  • 03 Export or print immediately

What Is Form 1042-S 2022?

Also known as ‘Foreign Person's U.S. Source Income Subject to Withholding,’ 1042-S tax form is an IRS document utilized to report income paid to foreign citizens. Its purpose is to register various types of income, such as wages, rents, royalties, or dividends, subject to withholding tax in the United States.

This doc assists in ensuring proper tax withholding and reporting for foreign individuals and entities with income from US sources. It's an essential component of US tax compliance for non-resident taxpayers.

form 1042 s screenshot

How to Get 1042-S Form for 2022

To get the IRS 1042-S Form 2022 using PDFLiner, feel free to follow these steps:

Visit PDFLiner. Go to the PDFLiner’s website.
Search for the form. Use the search bar to detect the specific form.
Download the file or fill it out online. Once you find the needed doc, download its PDF version or click on it to complete it online.

Alternatively, you can find Form 1042-S:

  • via the official IRS website;
  • at the IRS offices or tax help centers in your area;
  • by requesting it from your employer or payer if you're the recipient of the form.

form 1042 s 2022 screenshot

How to Fill Out the IRS 1042-S Form 2022

Filling out the form is crucial for accurately reporting income paid to foreigners subject to US withholding tax. Here's an 11-step guide with our expert Form 1042-S instructions:

  1. Find the template of the doc in the PDFLiner’s database.
  2. Open it and start filling it out via our digital file editor.
  3. Type the payer's name, address, and Federal Identification Number (FIN).
  4. Enter the recipient's name, address, and taxpayer identification number (TIN). Include their Chapter 3 status code if applicable.
  5. Report the type and amount of income subject to withholding in the appropriate boxes. This may include various income categories like royalties, dividends, interest, and more.
  6. Include details about the amount withheld, including federal income tax withheld and any exempt income or treaty benefits claimed.
  7.  Indicate the recipient's country of residence, which may affect withholding rates.
  8. Use the ‘Income Code’ box to specify the nature of the income being reported, as per IRS instructions.
  9. The recipient must certify their foreign status by signing and dating the form.
  10. Ensure the payer provides their name, FIN, and contact information.
  11. Submit Copy A to the IRS along with the 1042-S Form if you are the payer. Provide the recipient with Copy B. Keep Copy C for your personal records.

Precision is paramount when it comes to completing this file, as it ensures proper withholding and reporting, preventing potential penalties and errors in tax compliance. Always consult IRS guidelines and seek professional assistance if necessary, especially when dealing with intricate international transactions.

Form Versions

2023 Fillable Form 1042-S for 2023 tax year Fill Out Form
2021 Fillable Form 1042-S for 2021 tax year Fill Out Form
2020 Fillable Form 1042-S for 2020 tax year Fill Out Form

Fillable online Form 1042-S (2022)
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