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Is a Conference Fee Paid to a Foreign Company Reportable on Form 1042?
January 22, 2025
Q. A Canadian company held a conference in the U.S. We paid to have an employee attend. Is that fee reportable on a 1042?
A.
(Answered by IOFM's third-party tax advisor)
The fee paid to the Canadian company is likely reportable on a Form 1042. If the question is asking about the payment for the employee to attend, that would not be reportable to the employee. The company should get a Form W-8 from the Canadian company (the exact variant of the W-8 depending on the type of entity the Canadian…
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