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Canadian resident with a new U.S. TIN
January 13, 2023
Q. We make payments for services provided by an individual whose primary residence is Canada and historically we have submitted a 1042-S to report those payments. Last year, however, he applied for and received a US TIN. If we have a W9 from him with his US TIN, are we able to submit a 1099-NEC as opposed to a 1042-S this year or is a 1042-S still required to be filed?
A.
(Answered by IOFM's third-party tax experts)
That determination will depend on whether it's a valid Form W-9 including…
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