Toll Free: (877) TAX-REGS
Fax: (410) 741-3719
$99.00 – $150.00
Tuesday, August 27, 2019, 2:00-3:30 pm ET
Presenter: Carol Kassem, Regulatory Expert
Payments that you made in 2019 to foreign persons may require that you file Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, with the IRS and remit copies to payees or beneficial owners. Form 1042-S is similar to Form 1099-MISC given that a single Form is used to report multiple types of income. If you file Forms 1042-S, you must also file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, to report amounts withheld as well as a reconcilement of the income reported.
Forms 1042-S may now appear on penalty notices if you have filed forms incorrectly or not filed on time. Understanding the new reporting requirements will help you to complete the Forms accurately and timely to minimize your risk for penalties.
This session will address the following issues:
Plan to join us for this information packed session as we walk you through the boxes on Forms 1042-S and 1042 to explain what information you must report to successfully navigate this filing season.
Attendance Only $99, Attendance + Digital Download $150, Digital Download Only $125