- Sales Tax
- Charitable Contributions
- Unrelated Business Income
- Form W-9
- Foreign Vendors
- Employment Issues
- Fringe Benefits
- Independent Contractor versus Employee Status
- Intermediate Sanctions (Private Benefit/Private Inurement)
- Cellular Phone Policy & Procedures
Form 1042-S Reporting
Frequently Asked Questions
Why did I receive an IRS Form 1042-S?
The University is required by IRS rules and regulations to report on a Form 1042-S certain payments made to nonresident aliens. Additionally, the University may be required to withhold taxes on such payments. The payment made to you was determined to be a reportable payment, with any withheld taxes also being reported, and thus you were sent a Form 1042-S.
Is the IRS notified of the payment that I received from the University?
Yes, if you received a Form 1042-S, then the payment was also reported to the IRS.
What am I supposed to do with the Form 1042-S?
Use the information contained on the Form 1042-S to prepare your U.S. tax return if you determine you are required to file a return.
Am I required to file a U. S. tax return?
Information regarding the need to file a U.S. tax return can be found at the following IRS website: https://www.irs.gov/Individuals/International-Taxpayers/Taxation-of-Nonresident-Aliens. IRS Publication 519 is also another informative source. You will need to determine your requirement to file a U.S. tax return; the University encourages you to consult a tax advisor if you have questions regarding the need to file a return.