International

Form 1042: Annual Withholding Tax Return for U.S. Source Income of Foreign Persons

The annual return filed by withholding agents to report U.S. source income tax withheld on payments to foreign persons.

Download Form 1042 PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Withholding agents who made payments of U.S.-source income to foreign persons and withheld tax.

Key Fields

  • Gross income paid
  • Tax withheld
  • Adjustments to withholding
  • Tax paid
  • Overpayment/balance due

Filing Deadlines

Due Date

March 15

Late Filing Penalty

Failure-to-file penalty of 5% per month (up to 25%); failure-to-pay penalty of 0.5% per month.

Related Forms

Form 1042-S

Foreign Person's U.S. Source Income Subject to Withholding

Form W-8BEN

Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)

Form W-8BEN-E

Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)

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