Form 1042 Generator by Jotform
Withholding agents use Form 1042 to report tax withheld on U.S. source income paid to foreign persons. Fill out the annual return online for free with Jotform and download a completed PDF in the official IRS format.
Secure handling for withholding data
Form 1042 includes your EIN, payment totals, and tax liability figures. Jotform protects your submissions with 256-bit SSL encryption and GDPR and CCPA friendly features, and you can enable encrypted forms for more protection.
Access the form from any device
Your finance team can fill out Form 1042 on a desktop, laptop, tablet, or smartphone. The form adjusts to each screen, so entries stay easy to read and edit.
Clear fields, downloadable PDF
Monthly liability amounts, payment totals, and deposits each have their own field. After you fill everything in, download the completed Form 1042 as a PDF.
Output in the original IRS layout
Jotform turns your answers into the original IRS Form 1042 layout, so the PDF you download matches the official return and is easy to review with your tax advisor.
FAQ
What is Form 1042?
Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, reports the tax a withholding agent withheld on certain U.S. source income paid to foreign persons, such as interest, dividends, rents, and royalties.
It's the yearly summary that ties together your withholding liability and the tax deposits you made.
Who has to file Form 1042?
Any withholding agent that's required to file Form 1042-S generally must also file Form 1042, even if no tax was actually withheld. Withholding agents can be U.S. businesses, financial institutions, or individuals that pay U.S. source income to foreign persons.
When is Form 1042 due?
Form 1042 is due March 15 of the year after the income was paid. You can request an automatic 6-month extension with Form 7004, but that only extends the time to file, not the time to pay.
What's the difference between Forms 1042, 1042-S, and 1042-T?
Form 1042 is the withholding agent's annual tax return. Form 1042-S reports the income and withholding for each recipient. Form 1042-T is a transmittal used to send paper Forms 1042-S to the IRS.
How do I fill out Form 1042?
Start with your name, EIN, and address. Section 1 records your tax liability for set periods within each month, based on when the tax was withheld. The later sections reconcile the U.S. source income you reported on Forms 1042-S, your total tax liability, and the deposits you made during the year.
Keep your Forms 1042-S totals handy, since the amounts on Form 1042 should line up with them.
Is Jotform's Form 1042 generator free?
Yes, you can fill out Form 1042 and download the PDF at no cost. Jotform doesn't file returns or make tax deposits for you. Some withholding agents are required to file Form 1042 electronically, so check the current instructions before mailing a paper copy.
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