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1042-S Express



Each year, we must get approval from the IRS for our 1042-S Form to make sure that it is scannable by them and that it adheres to all of there regulations. Our IRS Approval Notice 2019 is a pdf showing a response from the IRS approving 1099Express

Our 1042 software is fully compatible with all versions of Windows and we are the only software on the market that allows you to import by Copy and Paste from Excel. You can do this by going to 'Edit' -> 'Paste from Excel by Header Name' (fourth from the top) or by right clicking on the grid and selecting 'Paste from Excel by Header Name' from the dropdown list.

Every withholding agent must file an information return, Form 1042-S, to report amounts paid to foreign persons even if you did not withold any tax.

Separate Form 1042-S is required for:

  • Each Recipient regardless of whether or not you withheld tax.
  • Each tax rate (if you withheld at more than one tax rate) of a specific type of income that you paid to the same recipient.
  • Each type of income that you paid to the same recipient.

The 1042-S Form can be filed electronically or on paper, and our software supports both forms of filing.

Withholding agents are required to file electronically if there are 250 or more 1042-S Forms. The electronic submissions are filed using the Filing Information Returns Electronically (IRS Fire) System but you must have your own TCC which is different than the TCC for 1099s.

Our Service Bureau can take over the task of printing, mailing and e-filing for a fee. Let us help you.

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