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Form 1042 Filing Requirements for 501(c)(3) Organizations Without Reportable Payments
April 16, 2025
Q. For an organization that is a 501c3, that issued 1042S and 1042 in a prior year for foreign vendors paid. Is it required to submit a 1042 the following year if there are no 1042S forms being issued?
A.
(Answered by IOFM's third-party tax expert)
No, see the instructions to Form 1042. You only need to file if you had reportable payments during the year.
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