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Can both goods and services be reported on a 1042-S form?

September 21, 2021
September 21, 2021

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Q. If we paid a non-US person both reportable income (i.e. service performed in US) and non-reportable income (i.e. goods), can the amount reported on 1042-S include both reportable and non-reportable amounts, or should it only be the reportable amount? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Show only the reportable…

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