Form 1042 news and trends

As Tax Season Looms, Form 1042 Makes the Leap to Digital Filing
Taxes // January 26, 2024

Tax season is here, and the march towards digitization of records and electronic filing continues. Wendy Walker, solutions principal at Sovos, told PYMNTS that new e-File requirements — in this case, for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons —...

Interviews & Exclusives
1042-S Adds Complexity to Tax Season for Banks and Corporates

March 06, 2024
It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the IRS. Wendy Walker, solution principal at Sovos, told PYMNTS that companies operating on an international basis grapple with ongoing challenges of reporting and reconciliation. As she explained, Form 1042-S reports […]

As Tax Season Looms, Form 1042 Makes the Leap to Digital Filing

January 26, 2024
Tax season is here, and the march towards digitization of records and electronic filing continues. Wendy Walker, solutions principal at Sovos, told PYMNTS that new e-File requirements — in this case,...