The 1042 Form is a tax document that reports payments to foreign entities, including non-resident individuals and foreign estates, trusts, corporations, and partnerships. In many cases, Form 1042 works as a 1099 might, reporting nearly every type of income imaginable. The main difference is the location and resident status of the payee.
Software tools from Advanced Micro Solutions can significantly reduce the time needed to complete and distribute a 1042 Form. While our tools are intuitively designed for an easy user experience, some actions – like where to input data or how to print – require more explicit, step-by-step instructions. Below, you’ll find a Frequently Asked Questions database to answer those inquiries, as well as some general knowledge resources about Form 1042.