Save 75% on Vendor Payment Costs – Join our webinar and get 1 month free trial!

Register Now!
Learn More
eFile 1042 Now
# of Forms 1-100 101-1K 1K+
Pricing Tier $ 5.00 / Form $ 3.50 / Form $ 1.99 / Form

What is IRS Form 1042?

IRS Form 1042 is used to report a foreign person's income if it is sourced in the U.S. and is subject to withholding. Usecase: Payers use this form to report payments to foreign persons.

When would you need to file a 1042 ?

  • Every withholding agent or intermediary who receives, controls, has custody of, disposes of, or pays a withholdable payment (to which chapter 4 withholding applies) or an amount subject to withholding, must file an annual return for the preceding calendar year on Form 1042.
  • Any PTP or nominee making a distribution of ECI under section 1446, or any entity required to report a distribution on Form 1042-S that is subject to withholding under section 1445, must file Form 1042.

  • For more, visit www.irs.gov

1042 Deadline and Important Dates

Filing Type Due Date
Recipient Copy Monday - March 17, 2025
IRS Paper Filing Monday - March 17, 2025
IRS E-filing Monday - March 17, 2025

1042 eFile Service Pricing

efile-pricing

# of Forms 1-100 101-1K 1K+
Pricing Tier $ 5.00 / Form $ 3.50 / Form $ 1.99 / Form

Register Now

1042 Fee Calculator

Let us help you calculate your next eFile

Let us help you calculate your next eFile

+ Add a Service
Foreign mail

Price = $

Your total is : $

*Read more on Pricing below
The CFSFP Combined Federal State Filing Program allows parts of your federal eFile to be transmitted to the state at no extra charge. Non-participating states must receive a direct file. Learn more about state filing here.