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Federal Free Printable 2020 Form 1042 for 2021 Federal Annual Withholding Tax Return for U.S. Source Income of Foreign Persons

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Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
2020 Form 1042

1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons Form Department of the Treasury Internal Revenue Service ▶ Go to www.irs.gov/Form1042 for instructions and the latest information. If this is an amended return, check here . . . . . . . . . . Ch. 3 Status Code Ch. 4 Status Code Number, street, and room or suite no. (If a P.O. box, see instructions.) City or town, state or province, country, and ZIP or foreign postal code If you do not expect to file this return in the future, check here 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 . . . . . . . . . ▶ . . . . . . 2020 . . . ▶ For IRS Use Only CC RD CAF CR EDC Enter date final income paid FD FF FP I SIC ▶ Record of Federal Tax Liability (do not show federal tax deposits here) Tax liability for period (including any taxes assumed on Form(s) 1000) Period ending Line No. . Employer identification number Name of withholding agent Section 1 OMB No. 1545-0096 Line No. Period ending Tax liability for period (including any taxes assumed on Form(s) 1000) 21 7 22 15 May 23 22 24 31 25 May total 26 7 27 15 June 28 22 29 30 30 June total 31 7 32 15 July 33 22 34 31 35 July total 36 7 37 15 Aug. 38 22 39 31 40 Aug. total 7 15 Jan. 22 31 Jan. total 7 15 Feb. 22 29 Feb. total 7 15 Mar. 22 31 Mar. total 7 15 Apr. 22 30 Apr. total Tax liability for period (including any taxes assumed on Form(s) 1000) Line No. Period ending 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 7 15 Sept. 22 30 Sept. total 7 15 Oct. 22 31 Oct. total 7 15 Nov. 22 30 Nov. total 7 15 Dec. 22 31 Dec. total Note: The totals from the above table are to be entered on lines 64b through 64d (as indicated in the instructions for those lines). 61 62 No. of Forms 1042-S filed: a On paper b Electronically Total gross amounts reported on all Forms 1042-S and 1000: a Total U.S. source FDAP income (other than U.S. source substitute payments) reported . . . . . 62a b Total U.S. source substitute payments reported: (1) Total U.S. source substitute dividend payments reported . . . . . . . . . . . . . . 62b(1) (2) Total U.S. source substitute payments reported other than substitute dividend payments . . . 62b(2) c Total gross amounts reported (add lines 62a–b) . . . . . . . . . . . . . . . . . 62c d Enter gross amounts actually paid if different from gross amounts reported . . . . . . . . . 62d Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete the following. Third Party Designee’s Phone Personal identification Designee Paid Preparer Use Only ▶ ▶ name no. ▶ number (PIN) Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than withholding agent) is based on all information of which preparer has any knowledge. Your signature Date ▲ Sign Here No Print/Type preparer’s name Firm’s name Preparer’s signature Capacity in which acting ▶ Daytime phone number Date Check if self-employed PTIN Firm’s EIN ▶ ▶ Firm’s address ▶ For Privacy Act and Paperwork Reduction Act Notice, see instructions. ▶ Phone no. Cat. No. 11384V Form 1042 (2020) Page 2 Form 1042 (2020) 63 Total tax reported as withheld or paid by withholding agent on all Forms 1042-S and 1000: a Tax withheld by withholding agent . . . . . . . . . . . . . . . . . . b Tax withheld by other withholding agents: (1) For payments other than substitute dividends . . . . . . . . . . . . . . (2) For substitute dividends . . . . . . . . . . . . . . . . . . . . . c Adjustments to withholding: (1) Adjustments to overwithholding . . . . . . . . . . . . . . . . . . (2) Adjustments to underwithholding . . . . . . . . . . . . . . . . . . d Tax paid by withholding agent . . . . . . . . . . . . . . . . . . . . e Total tax reported as withheld or paid (add lines 63a–d) . . . . . . . . . . . . . . . 63a . . . . . . . . 63b(1) 63b(2) . . . . . . . . . . . . . . . . 63c(1) ( 63c(2) 63d 63e . . . . . . . . . . . . . . . 64a 64b 64c 64d 64e . . . . . . . . . 65a 65b 66 . . . . . . . . . . . . . . . . . . 67a 67b 68 69 70a 70b . be 1 . . . . be . . . . 2a 2b 2c 2d ) Computation of Tax Due or Overpayment 64 a b c d e 65 a b 66 67 a b 68 69 70a b 71 Total net tax liability Adjustments to total net tax liability . . . . . . . . . . . . . . . . . . . Total net tax liability under chapter 3 . . . . . . . . . . . . . . . . . . . Total net tax liability under chapter 4 . . . . . . . . . . . . . . . . . . . Excise tax on specified federal procurement payments (total payments made x 2% (0.02)) . Total net tax liability (add lines 64a–d) . . . . . . . . . . . . . . . . . . Total paid by electronic funds transfer (or with a request for extension of time to file): Total paid during calendar year . . . . . . . . . . . . . . . . . . . . . Total paid during subsequent year . . . . . . . . . . . . . . . . . . . . Enter overpayment applied as credit from 2019 Form 1042 . . . . . . . . . . . Credit for amounts withheld by other withholding agents: For payments other than substitute dividend payments . . . . . . . . . . . . . For substitute dividend payments . . . . . . . . . . . . . . . . . . . . Total payments. Add lines 65 through 67 . . . . . . . . . . . . . . . . . If line 64e is larger than line 68, enter balance due here . . . . . . . . . . . . . Enter overpayment attributable to overwithholding on U.S. source income of foreign persons Enter overpayment attributable to excise tax on specified federal procurement payments . Apply overpayment (sum of lines 70a and 70b) to (check one): Credit on 2021 Form 1042 or Refund Section 2 Reconciliation of Payments of U.S. Source FDAP Income 1 2 Total U.S. source FDAP income required to be withheld upon under chapter 4 . . . . . . . Total U.S. source FDAP income required to be reported under chapter 4 but not required to withheld upon under chapter 4 because: a Amount of income paid to recipients whose chapter 4 status established no withholding is required b Amount of excluded nonfinancial payments . . . . . . . . . . . . . . . . . . . c Amount of income paid with respect to grandfathered obligations . . . . . . . . . . . d Amount of income effectively connected with the conduct of a trade or business in the U.S. . . e Total U.S. source FDAP income required to be reported under chapter 4 but not required to withheld upon under chapter 4 (add lines 2a–d) . . . . . . . . . . . . . . . . . 3 Total U.S. source FDAP income reportable under chapter 4 (add lines 1 and 2e) . . . . . . 4 Total U.S. source FDAP income reported on all Forms 1042-S (from line 62a, (b)(1), and (b)(2)) . . 5 Total variance, subtract line 3 from line 4; if amount other than zero, provide explanation on line 6 . 6 Section 3 2e 3 4 5 Potential Section 871(m) Transactions Check here if any payments (including gross proceeds) were made by the withholding agent under a potential section 871(m) transaction, including a notional principal contract or other derivatives contract that references (in whole or in part) a U.S. stock or other underlying security. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 4 Dividend Equivalent Payments by a Qualified Derivatives Dealer (QDD) Check here if any payments were made by a QDD . . If box is checked, you must: (1) Attach Schedule Q (Form 1042). See instructions. (2) Enter the EIN (not the QI-EIN) of the QDD ▶ . . . . . . . . . . . . . . . . . . . . . . . . . Form 1042 (2020)
Extracted from PDF file 2020-federal-form-1042.pdf, last modified December 2020

More about the Federal Form 1042 Other TY 2020

We last updated the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons in January 2021, so this is the latest version of Form 1042, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 1042 directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Other Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal Form 1042.

Form Code Form Name
Form 1042-T Annual Summary and Transmittal of Forms 1042-S
Form 1042-S Foreign Person's U.S. Source Income Subject to Withholding

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1042 from the Internal Revenue Service in January 2021.

Show Sources >

Historical Past-Year Versions of Federal Form 1042

We have a total of ten past-year versions of Form 1042 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 1042

2020 Form 1042

2019 Form 1042

2019 Form 1042

2018 Form 1042

2018 Form 1042

2017 Form 1042

2017 Form 1042

2016 Form 1042

2016 Form 1042

Annual Withholding Tax Return for U.S. Source Income of Foreign Persons 2015 Form 1042

2015 Form 1042

Annual Withholding Tax Return for U.S. Source Income of Foreign Persons 2014 Form 1042

2014 Form 1042

Annual Withholding Tax Return for U.S. Source Income of Foreign Persons 2013 Form 1042

2013 Form 1042

Annual Withholding Tax Return for U.S. Source Income of Foreign Persons 2012 Form 1042

2012 Form 1042

Annual Withholding Tax Return for U.S. Source Income of Foreign Persons 2011 Form 1042

2011 Form 1042


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