Purpose of Form

TaxTC offers a secure and accurate way to file Form 1042 electronically.

Use Form 1042-S to report income described under Amounts Subject to Reporting on Form 1042-S.

Use Form 1042-S to report specified federal procurement payments paid to foreign persons that are subject to withholding under section 5000C.

Use Form 1042-S to report payments of eligible deferred compensation items or distributions from nongrantor trusts to covered expatriates that are subject to withholding under section 877A.

Use Form 1042-S to report certain distributions that are made by publicly traded trusts and qualified investment entities.

Also use Form 1042-S to report distributions of effectively connected income by a publicly traded partnership or nominee.

Note: A valid EFIN (Electronic Filing Identification Number) is required to use TaxTC’s products.  TaxTC does not provide EFINs. For information on how to obtain your EFIN, visit the FAQ’s page on the IRS website.

Plans & Pricing

As a TaxTC ERO member, you can buy the Form 1042-S and any needed schedules at the best prices. The TaxTC ERO membership plan you purchase determines your buy rates. For more information, visit our TaxTC ERO Membership Club  page.

Buy rates are wholesale prices for the Form 1042-S and any needed schedules. You determine the retail prices for your customers, and the difference is your commission.

The Basic Process

No commitment required. Cancel anytime.

Simply look through our  ERO Membership Club plans and decide which one best meets your firm’s needs. If you need more help making the decision, give us a call! We are happy to help you decide which plan is right for you and get started today.