Reminder: New Address For Form 1042 Filers

The IRS is reminding taxpayers that all forms in the 1042 series should now be mailed to Ogden Service Center, P.O. Box 409101, Ogden, UT 84409. These forms had been mailed to Philadelphia, PA in past years. The forms affected include: Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, and Form 1042-T, Annual Summary and Transmittal of Forms 1042-S. While the 2006 Forms 1042 and 1042-T instructions include the new Ogden address, the old Philadelphia address is in the Form 1042-S instructions.

Form 1042 is used to report tax withheld on certain income of foreign persons, including nonresident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts.

Form 1042-S is used to report a foreign person's U.S. source income, except income required to be reported on Form W-2. Income reported on this return (if not reported on Form W-2) includes salaries, interest, dividends, premiums, pensions, scholarships, grants, tax withheld under a central withholding agreement, or other income, unless exempt under the Internal Revenue Code or a treaty. Form 1042-T is the transmittal form used for submissions of Forms 1042-S on paper.

The above forms must be filed by March 15, 2007.

You may like these other stories...

For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...
Majority of House of Representatives urges leadership to preserve cash method of accounting for tax purposesA bipartisan majority of the House of Representatives – 233 members – has signed a letter urging House...
More than 1 million tax payments have been processed so far in 2014 through IRS Direct Pay, a free web-based payment system that debuted earlier this year, the tax agency announced on Wednesday.Available through the Pay Your...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.