Form 1042-S MS 2025

Form 1042-S MS: What You Should Know

The Form 1042-S is needed if the non-citizen is a citizen of Cuba, Iran, Iraq, Sudan, Syria or Yemen (see instructions for form 1042, Form 1040-ES) or any person who was admitted to the United States for permanent residence on such list, who is not described in section 1077(c)(1). If the non-filer has been classified as a resident alien and must file a U.S. income tax return, the non-citizen must obtain a Form 1040, with instructions. However, the Form 1042-S does not require to be filed with the U.S. tax returns of such non-citizen aliens. If you are preparing IRS Forms 1044, 1045, 1046, 1047, 1048, 1051 or 1052, you also may obtain one by calling. The information on this page does not apply to the return of U.S. taxpayers who meet the requirements of section 1077(c). What Should We Include on Form 1042-S? If the income (payment) is a gift or a dividend, the recipient should show his or her name on the Form 1042-S, along with the following information about the payment: • The following identification number: the social security number of the individual, if known; • The date or dates the payment was made; • The amount of the payment; • The person from whom the payment came; • The source of the payment, and the nature of the source Payments made to non-citizens and those received from individuals who are not treated as U.S. sources Any payments to any person or entity that is not treated as a U.S. source (such as: • A corporation not operating a U.S. branch for purposes of the tax code (other than a corporation that is engaged in a trade or business in the United States or that is otherwise required to file a U.S. income tax return); • A trust (other than a trust formed under the laws of a state or any political subdivision thereof); • An estate (other than a decedent's estate and a trust for an estate); • A member of a fraternal benefit society; • An individual who is a resident of the Philippines; • A trust or estate that does not have U.S.

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