Form 1042-S is used to report certain U.S. payments made to Nonresident Aliens (NRAs), similar in purpose to Form W-2.
Employment salaries or wages
Only nonresident aliens with tax treaty benefits will receive a 1042-S.
Nonqualified income
Includes scholarships or fellowships, honoraria, independent contractor (for services rendered in the U.S.), royalties, etc. All nonresident aliens receiving these types of income will receive a 1042-S.
Note: Tuition waivers are no longer reported on Form 1042-S due to regulatory changes under IRC Sec. 1441 (effective for amounts paid or supplied after 12/31/2000).
Who receives a 1042-S?
Not all foreign students, scholars, or employees will receive a 1042-S. Depending on the type of income received, an NRA may receive:
Only a 1042-S
Only a W-2
Or both a 1042-S and W-2
There is no duplication between the two forms. If you receive both, you must report income from each when filing your tax return.
How to Access Form 1042-S:
Available via GLACIER by March 15 each year
Form access remains open until August 15 of the following year
We recommend you download and save a copy for your records
