Form 1042-S: Updates and Best Practices for Tax Year 2020

WebEx Events

It’s time to begin the process of filing your 1042-S forms!

According to the IRS info page, Form 1042-S is used to report:

  • Income and amounts withheld as described in the Instructions for Form 1042-S.
  • Specified Federal procurement payments paid to foreign persons that are subject to withholding under section 5000C.
  • Distributions of effectively connected income by a publicly traded partnership or nominee.

This form is described as one of the most complex 10-series forms for businesses to file and with so many other changes impacting the world of tax in the past year, having to file Form 1042-S is yet another responsibility for many tax & AP professionals to handle.

This topic is, historically, one of the most widely requested and appreciated by our webinar attendees and Sovos clients and we are eager to provide you the details to understand Form 1042-S and how to file as compliantly as possible. Sovos’ team of experts have pooled together their knowledge of this form and are prepared to share everything you need to know for the most successful filing season yet!

Download our webinar recording & slide deck to learn:

  • What is Form 1042-S and how to file compliantly?
  • What are the latest updates for Form 1042-S?
  • How can Sovos help?
 

North America Tax Information Reporting
October 4, 2023
APP2P Fall Conference & Expo

The largest, most comprehensive event dedicated to Accounts Payable and Procure-to-Pay brings together experienced practitioners and innovative strategists to provide an in-depth three-day learning experience. Get proven best practices and tested solutions to the toughest challenges in accounting and finance today.

North America Unclaimed Property
October 24, 2023
STA Annual Conference

Freda Pepper will be speaking at STA Annual Conference on the Unclaimed Property Panel addressing the latest in the unclaimed property arena.

North America Sales & Use Tax Tax Compliance VAT & Fiscal Reporting
October 10, 2023
SAPinsider SAP S/4HANA Summit 2023

This two-day summit covers everything you need to know about a successful SAP S/4HANA migration project. Whether you are just starting to plan for the move, speaking with consultants about change management or deep in the weeds of data transfers, the sessions at this year’s SAPinsider SAP S/4HANA will help you plan for success on […]

North America Sales & Use Tax Tax Compliance Tax Information Reporting VAT & Fiscal Reporting
October 22, 2023
75th Anniversary TEI Annual Conference

Sovos is a Gold sponsor of Tax Executive Institute’s 75th Annual Conference. Engage with our team during two speaking session and and offsite event, or book 1:1 time to discuss your compliance strategy. 

North America Sales & Use Tax
October 1, 2023
2023 IPT Sales Tax Symposium

Join Sovos’ very own Chuck Maniace for “Newer Tax Types and Fees – What’s Next” on Monday, October 2 from 3:45-5:00 PM CT and visit with the Sovos team during Tuesday’s reception.