Form 1042 - Annual Withholding Tax Return For Us Source Income Of Foreign Persons

The purpose of Federal Form 1042, titled "Annual Withholding Tax Return for U.S. Source Income of Foreign Persons," is to report and remit withholding taxes on certain types of income paid to foreign persons. The United States imposes withholding taxes on payments made to foreign individuals, entities, and certain types of income, such as interest, dividends, rents, and royalties.