- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
Introduction to Form 1042-S (with Some Help from ONESOURCE)
Globalization has impacted how and with whom we do business. Because of this, the requirement for issuance of Form 1042-S is becoming more and more common. While on the surface, it appears to be a relatively basic form, Form 1042-S can be very complicated. This course attempts to strip away some of the complexities and clarify some of the complicated issues related to Form 1042-S. To aid in that effort, we have included some of the ways that OneSource can contribute.
Upon successful completion of Introduction to Form 1042-S (with Some Help from ONESOURCE), the user should be able to:
recognize the individuals and entities eligible to receive a Form 1042-S;
recognize the purpose, basic steps, and filing requirements for issuance and filing of Form 1042-S; and
understand the basic types of reporting and withholdable income to be included on Form 1042-S.