For IRS Form 1042-S, do I report each payment separately or the total amount paid for a tax year?
For IRS Form 1042-S, you generally report each payment separately rather than just the total amount paid for the tax year. Here’s how to approach reporting: Key Points for Reporting on Form 1042-S Separate Payments: Each type of income payment to a non-resident alien must be reported separately on its own Form 1042-S. This includes […]
