This webinar will address IRS changes to Form 1042-S reporting for tax year 2020, answering basic questions including: Has the form been modified? Have boxes changed places or have codes been altered for type of income, exemption from tax withholding, or status? Has the IRS changed the paper filing threshold for filing Forms 1042-S with the IRS? Have new Regulations or IRS Notices created new requirements or moved the effective date of previously announced changes? What changes has the IRS made in the annual Revenue Procedures for electronic filing of Form 1042-S and the use of substitute forms and recipient statements?
We’ll also review, box-by-box or section-by-section, the 2020 Form 1042-S and Form 1042.
- Identify changes to Form 1042-S reporting for tax year 2020; identify possible changes in 2021 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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