ONLINE: 1042-S Year-End Reporting
Are you ready for year-end reporting? Have you identified your foreign payees? Do you know if you’ve made reportable payments to international vendors?
When it comes time to get 1042-S statements to your payess and the IRS you want to ensure you’ve identified your foreign payees and captured the correct information. This seminar will provide you with the information you need to identify reportable payees and payments, understand your filing requirements and the correct forms to use, and help you ensure accurate and timely filing.
- Learn how to identify foreign payees
- Determine what payments are reportable
- Using and interpreting TIN’s
- Learn what documentation you should have for each payee
- Income subject to NRA Withholding
- Take home a “cheat sheet” for sourcing income
- Who must file a form 1042-S?
- Box by Box review of the 1042-S Form
- How to easily apply U.S. tax withholding rules
- Understand tax treaties and how they apply to your payees
- Filing your 1042-S and 1042
- Applying the “presumption rules”
This class includes hands-on exercises and practical tips to help you learn best practices to ensure your organizations compliance.
Registration Fee: $379.00
Prerequisite: None
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Post Seminar Support: As a seminar alumnus you receive 6 months tax question support following attendance. Get answers to your questions from our experts by emailing questions@ncomplianceservices.com.