What is a 1042-S? Why have I received one?
A 1042-S is a tax withholding document issued by a US payor for income paid to a foreign person / non resident of the US. The document shows the gross income received and any tax withheld (nil to 30%). The 1042-S is used to file a US tax return where tax has been over withheld (and in some cases underpaid) and will also be attached to the tax return to obtain the refund (proof of withholding tax paid). What sorts of income are shown on the 1042-S? Every type of income is show