IRS reminds non-citizen taxpayers & withholding agents of filing obligations

IRS has issued a news release reminding non-U.S. citizens who have taxable income, such as international students who receive scholarship funds, of their potential filing obligations. IRS also reminded withholding agents that accurately filing Forms 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, will help speed any refunds to non-U.S. citizen taxpayers. An accompanying fact sheet further explained the Form 1042-S requirements, outlined common errors, and previewed changes to the 2017 version of the form. … Read More