International

Form 1042-S: Foreign Person's U.S. Source Income Subject to Withholding

Reports amounts paid to foreign persons subject to U.S. income tax withholding, including interest, dividends, rents, royalties, and compensation.

Download Form 1042-S PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Withholding agents paying U.S.-source income to foreign persons.

Key Fields

  • Income code
  • Gross income
  • Tax rate
  • Federal tax withheld
  • Exemption code
  • Recipient's country

Filing Deadlines

Due Date

March 15

Late Filing Penalty

Penalties range from $60 to $310 per form for late filing; additional penalties for failure to withhold.

Related Forms

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)

Form 1040-NR

U.S. Nonresident Alien Income Tax Return

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