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Form 1042-S Foreign Person’s U.S. Source Income Subject to Withholding is used to report amounts paid to foreign persons (including persons presumed to be foreign) that are subject to tax withholding. This applies even if no amount is withheld from the payment because of a treaty or code exception to taxation, or if any amount withheld was repaid to the payee. It is also used to report amounts withheld under Chapter 3 of the Internal Revenue Code.

Form 1042-S is not available in TaxAct, but you can enter the data into the program as wages on Line 1 of Form 1040 U.S. Individual Income Tax Return.

To enter or review information from your Form(s) W-2 Wage and Tax Statement in the TaxAct program, see Form W-2 - Entering in Program.

For additional information, see Instructions for Form 1042-S.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.

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