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      1042 - Continuous
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      Continuous Dateless 1042 S

      Product Highlights

      • Item #  TF1042
      • Size: 9 x 5 1/2"
      • Paper Quality: Government approved 20# paper
      • Two filings per sheet s/b One filing per sheet
      • Use to Report: Income such as interest, dividends, royalties, pensions and annuities, etc., and amounts withheld under Chapter 3.
      • Printer Compatibility: For printers that accommodate 9" wide forms.
      • Use to Report: Wages, tips, and other compensation
      • Meets all government and IRS filing requirements
      • Don't forget the compatible envelopes: TF21211
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      1042 Tax Form and Their Necessity

      A large number of organizations and entrepreneurs are now working with foreign nationals and this is why they need to file the 1042 tax form as part of the tax filing formalities. There are various kinds of 1042 forms that the IRS has details, the most popular and common of which is the 1042S tax form. This is the form that is called the Foreign Person's U.S. Source Income form too. The form is issues to those who claim a treaty allowance. It is important to note that there is one 1042 tax form that is required for each individual payment that is made to a foreign entity. The forms need to be submitted no later than 15th of March of the next year and if you want to make sure that you avoid having to file for an extension, you should make sure to order the pre-printed forms

      Avoiding Extensions for 1042 Tax Forms

      Chances of missing out on specific 1042 forms are very high. This is because most accounting professionals are so preoccupied with the W2 forms and the 1099 forms that they forget that thy may have an obligation to file 1042 forms as well. While there is a way in which you can apply for extensions, these extensions only prolong the frustrating income tax filing season. It is far better to get pre-printed copies of the 1042 form, use accounting software that is apt to calculate the numbers and print it on a laser, inkjet or dot matrix printer based on the type of form that you have selected.

      Characteristics of IRS 1042 Forms

      There are various options of 1042 forms that you will be able to find here. There are options that can be used to print on with the dot matrix that are continuous, those that have perforations in accordance with the IRS regulations, and others that can be printed upon using the laser printer and more. There are different product codes that have been set for various kinds of 1042 forms as well.

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