Page 74 - International Taxation IRS Training Guides

Reporting Requirements

 Form 1042 must be filed by any withholding agent or
intermediary who receives, controls, has
custody of,
pays a withholdable payment (including U.S.
disposes of, or

source FDAP income).

 Generally, a single Form 1042 is filed consolidating the

information from all of the Forms 1042-S filed by the

withholding agent (whether
the Form 1042-S reports an
with respect to Chapter 3 or Chapter 4).
amount

 Form 1042 is an annual return filed with respect to the

previous calendar year.

 Form is required to be filed by
March 15 (excluding
extensions).

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