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The main difference between forms 1042 and 1042-S is that form 1042-S is concerned with payments made to foreign persons, while form 1042 is concerned with determining how much income will be withheld for tax withholding purposes. Also, Form 1042-S must always be filed together with Form 1042-T, [3] but Form 1042 can be filed by itself.
Filing the Wrong Extension Form. Do you know the difference between the two major tax extension forms? Logan Allec, CPA and owner of Choice Tax Relief, said the two forms are Form 4868 (for ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
A summary is filed on Form W-3. Form 1042-S for payments to foreign persons, due to payees by March 15. A summary is filed on Form 1042. Form 8805 for partnership payments, due at the same time as the partnership return. A summary is filed on Form 8804. Form 1099 series for backup withholding
If you need more time to prepare your tax return, you can request an extension. For the 2024 tax year, the extension deadline is typically Oct.15, 2025. ... Employees who receive W-2 forms ...
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
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