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Which Chapter 4 Status Code Goes in Form 1042-S Box 12c for a Tax-Exempt Withholding Agent?
March 17, 2026
Q. We are a U.S.-based 501(c) organization issuing Form 1042-S to non-U.S. vendors. Which Chapter 4 Status Code should we use in Box 12c as the withholding agent — Code 24, or codes 01 or 02 since they specify “withholding agent” in the name?
A.
(Answered by IOFM’s third-party tax expert)
Your box c Chapter 4 code would be 24, since you are a 501(c) entity. On the 1042-S, anything under box 12 is asking for your information as the withholding agent. Box 13 is asking for your recipient's…
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