Form 1042-T Annual Summary and Transmittal of Forms 1042-S

2008 Form 1042-T,
Annual Summary and Transmittal of Forms 1042-S
Purpose:

This is the first circulated draft of the 2008 Form 1042-T for your review
and comments. See below for a discussion of the major changes.

TPCC Meeting:

None, but one may be arranged if requested.

Prior Version:

The 2007 Form 1042-T is available at:
http://www.irs.gov/pub/irs-pdf/f1042t.pdf

Other Products:

Circulations of draft tax forms, instructions, notices, and publications are
posted at: http://taxforms.web.irs.gov/Circulations/index.htm

Comments:

Please email, fax, call, or mail any comments by June 13, 2008.

Phil Parisi
Tax Forms & Publications
SE:W:CAR:MP:T:I:S
Email: [email protected]
Phone: 202-622-3297
Fax: 202-622-5015

Major Changes to the 2008 Form 1042-T
On line 2b, the reference to box 7 of Form 1042-S has been changed to box 9, to reflect
changes made to that form.
The date for filing the transmittal has been updated.
All references to Magnetic Media have been deleted. Returns on magnetic media will not
be accepted for tax year 2008 forms filed in calendar year 2009.

1
TLS, have you
transmitted all R
text files for this
cycle update?

Date

I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 1042-T, PAGE 1 of 2 (PAGE 2 IS BLANK.)
MARGINS: TOP 8 mm (2⁄ 6 "), CENTER SIDES.
PRINTS: FACE ONLY
PAPER: OCR Bond, SUB. 20
INK: BLACK
FLAT SIZE: 203 mm (8") 3 279 mm (11")
PERFORATE: NONE

Action

Date

Signature

O.K. to print

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Revised proofs
requested

DO NOT STAPLE
OMB No. 1545-0096
Form

f
o
s
a
8
t
0
f
0
a
2
r
/
D /24
3
0

Annual Summary and Transmittal of
Forms 1042-S

1042-T

Department of the Treasury
Internal Revenue Service

Name of withholding agent

2008

Employer identification number

Number, street, and room or suite no.

City or town, province or state, and country (including postal code)

If you are an intermediary (see Form 1042 instructions), check if you are a:

1a Type of paper Forms 1042-S attached (check only one box):
Also check here if pro-rata (see instructions) ©
b Number of paper Forms 1042-S attached ©

Original

QI/Withholding foreign partnership or trust
NQI/Flow-through entity
Amended

2a Total gross income on all paper Forms 1042-S (box 2) attached
b Total U.S. federal tax withheld on all paper Forms 1042-S (box 9) attached

$
$

Caution: If you have already filed a Form 1042 and an attached Form 1042-S causes the gross income or tax withheld
information shown on your previously filed Form 1042 to change, you must file an amended Form 1042. See the
instructions below.
©

If this is your FINAL return, enter an “X” here

Please return this entire page to the Internal Revenue Service.
Sign
Here

Under penalties of perjury, I declare that I have examined this return and accompanying documents, and to the best of my knowledge
and belief, they are true, correct, and complete.
Your signature

©

Date

Title

Daytime phone number

Instructions

Center, P.O. Box 409101, Ogden, UT 84409, by March 16, 2009.
Send the forms in a flat mailing (not folded).

Purpose of form. Use this form to transmit paper Forms
1042-S, Foreign Person’s U.S. Source Income Subject to
Withholding, to the Internal Revenue Service. Use a separate
Form 1042-T to transmit each type of Form 1042-S (see the
instructions for line 1a).

Identifying information at top of form. The name, address, and
EIN of the withholding agent or intermediary on this form must
be the same as those you enter on Forms 1042 and 1042-S. See
Form 1042 for definitions of withholding agent and intermediary.

If you file 250 or more Forms 1042-S, you are required
to submit them electronically. You can also use this
method to submit less than 250 Forms 1042-S. If you
submit Forms 1042-S electronically, do not use Form
CAUTION
1042-T. See Pub. 1187 for information on filing
electronically.
Use of this form to transmit paper Forms 1042-S does not
affect your obligation to file Form 1042, Annual Withholding Tax
Return for U.S. Source Income of Foreign Persons.
If you have not yet filed a Form 1042 for 2008, you may send
in more than one Form 1042-T to submit paper Forms 1042-S
prior to filing your Form 1042. You may submit amended Forms
1042-S even though changes reflect differences in gross income
and tax withheld information of Forms 1042-S previously
submitted with a Form 1042-T.
If you have already filed a Form 1042 for 2008 and an
attached Form 1042-S caused the gross income or tax withheld
information previously reported on line 62a or 62b of your Form
1042 to change, you must file an amended Form 1042.
Where and when to file. File Form 1042-T (and Copy A of the
paper Forms 1042-S being transmitted) with the Ogden Service

Line 1a. You must file a separate Form 1042-T for each type of
paper Form 1042-S you are transmitting. Check only the Original
or Amended box. If you are filing pro-rata Forms 1042-S, also
check the pro-rata box. As a result, there are four possible types
of Form 1042-S that may be transmitted:
● Original
● Original pro-rata
● Amended
● Amended pro-rata
Each type would be transmitted with a separate Form 1042-T.
For example, you would transmit only original Forms 1042-S with
one Form 1042-T and only amended Forms 1042-S with another
Form 1042-T.
Line 2a. Enter the total of the gross income amounts shown on
the Forms 1042-S (box 2) being transmitted with this Form
1042-T.
Line 2b. Enter the total of the U.S. federal tax withheld amounts
shown on the Forms 1042-S (box 9) being transmitted with this
Form 1042-T.
Final return. If you will not be required to file Forms 1042-S in
the future (on paper or electronically), enter an “X” in the “FINAL
return” box.

For more information and the Privacy Act and Paperwork Reduction Act Notice, see Form 1042.
Printed on recycled paper

Cat. No. 28848W

Form

1042-T

(2008)