Form 1042-S Compliance


Developing a Form 1042-S Compliance roadmap and implementation, is critical to Employers like Universities, Businesses and Non profits hiring and paying a Non Resident Alien.

The IRS non-compliance fines are severe upto $250,000.

Form 1042-S compliance Roadmap:

1. Determine Residency Status - Resident or Non Resident Alien

2. Identify the Source of Income

3. Documentation : Complete Forms W-8 (W-8BEN,W-8IMY,W-8EXP), W-9, 8233

4. Prepare for IRS audit and Compliance

5. Tax Software for Form 1042 and 1042-S

6. Data verification and other Compliance Professional Services.

We will keep you updated, as we release new products and services for 1042-S Employer IRS compliance.

If you have any questions, please ask in the Forum or Contact Us.