Jun 1, 2019 · Form 1042-S is used to report amounts paid to foreign persons that are subject to income tax withholding, even if no amount is deducted and withheld from the payment because of a treaty or …

Apr 11, 2024 · This year, using TurboTax as a Resident, I entered the withheld tax manually, and it appeared in section 26 of the 1040. My Social Security Number (SSN) is correctly listed on the Form …

Jun 7, 2019 · 1042-S for a resident alien: How do I enter the amount of tax withheld to avoid getting taxed twice? I've been on F1 visa for over 5 years so I'm a resident alien. I received 1042-S (income …

Mar 11, 2025 · In 2023 and 2024 (2022 and 2023 fiscal year) I filed 1042-S form using Sprintax since I was nonresident Alien. Now, I'm resident alien and I have also received the 1042-S form and I tried …

Mar 19, 2025 · Hi, I recently received a Form 1042-S with: Income Code: 17 (Box 1), Exception Code: 16 (Box 4a) and Tax Rate: 30% (Box 3b). The federal government withheld 30%. I have two …

Mar 15, 2020 · Use Form 1042-S to report: Income and amounts withheld as described in the Instructions for Form 1042-S. Specified Federal procurement payments paid to foreign persons that …

Apr 4, 2023 · I received a 1042-S form despite being on an H-1B visa as a resident for tax purposes. This was from Fidelity where I have my Employer Stocks (ESPP) and 401k and the form has income …

Jun 1, 2019 · That way, IRS (is expected to) returns the same amount reported in 'federal tax withheld' on 1042s form (i.e. 14% of gross income reported on the form). When I use the (1), however, the …

Mar 7, 2023 · There is still no state withholding to enter from the form 1042-S and likely that will result in an increased state tax. The 00 in box 3a indicates federal withholding was under chapter 3 in the …

Mar 10, 2020 · One last question, to complete the 1040 form, do I need to use also the information on the 1042-S form or just the W-2 form? I am not sure where to report 1042-S income and federal tax …