Updates and changes impact your 2021 required Form 1042-S reporting to the IRS of payments made to foreign vendors, foreign contractors and consultants, foreign students, speakers, performers and athletes.
Join us October 18 to learn about:
- Changes in the Exemption Codes used in boxes 3a and 4a of Form 1042-S
- A surprising change required in reporting a Country Code in box 12f
- Changes in IRS electronic filing
- Impact of IRS official guidance issued in 2021
We’ll also review:
- Types of payments which require reporting on Form 1042-S
- Due dates for filing to the IRS and furnishing recipient copies
- Procedures for extension of your filing deadline
- Box-by-box explanation of the information reported on Form 1042-S
Learning objectives: Identify changes to Form 1042-S reporting for tax year 2021; identify possible changes in 2022 and beyond.
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, is a Principal in the Cokala tax group and an experienced and well-known advisor on U.S. federal and state tax information reporting compliance. She is a frequent lecturer at major tax conferences and the author of The Master Guide to Form 1099 Compliance, The Master Guide to Form 1042-S Compliance and numerous published articles. Prior to co-founding Cokala in 2007, she was for many years the Research Director of the tax reporting specialty firm Balance Consulting, and chaired special training and advisory services provided to large organizations and academic and nonprofit institutions.
Marianne was an appointee for three years to the IRS Commissioner’s Information Reporting Program Advisory Committee (IRPAC), where she was Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues.
Marianne formerly served as a Research Attorney for the Michigan Court of Appeals, and earlier as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions. She received her JD, cum laude, from the Michigan State University School of Law, and is a member of the State Bar of Michigan.
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