Checklist for IRS Form 1042-S Filing, Due March 15 Reporting Payments to Foreign Vendors | Product

Join this just-in-time webinar for help with Form 1042-S compliance for payments made in 2022 to non-U.S. entities and non-U.S. individuals, including foreign vendors, foreign contractors and consultants, foreign students, speakers, performers and athletes.  March 15 is the due date for Forms 1042-S for 2022 and also the Form 1042 summarizing and reconciling your 1042-S reportable information. Discussion in this webinar will cover:

• Changes in codes used on the 2022 Form 1042-S
• Changes in IRS electronic filing
• Types of payments which require reporting on Form 1042-S
• Information required to be filed to the IRS on Form 1042
• Due dates for filing to the IRS and furnishing recipient copies
• Procedures for extension of your 1042-S and 1042 filing deadlines

Learning Objectives:

• Identify changes to Form 1042-S reporting for tax year 2022
• File for extension of due date, if needed