Form 1042 definition

Form 1042 means IRS Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
Sample 1Sample 2Sample 3

Examples of Form 1042 in a sentence

  • Interest is figured at a rate determined under section 6621.Late filing of Form 1042.

  • The penalty for not filing Form 1042 when due (including extensions) is 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax.Late payment of tax.

  • Form 1042 is used to report the amount of withholding that must be paid over.

  • If additional space is needed, attach a sheet to Form 1042 explaining the difference noted on line 5.

  • A nominee that receives a distribution of ECI from a PTP and is treated as the withholding agent must use Form 1042 to report the tax withheld.

  • Note that generally an amount placed in escrow during 1 calendar year will be reported on a Form 1042 the following year.

  • Because figuringthese amounts can be complicated, the IRS will do it for you and send you a bill for any amount due.If you include interest or penalties with your payment, identify and enter the amount in the bottom margin of Form 1042.

  • If you need more time to file Form 1042, you may submit Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.Form 7004 does not extend the time for payment of tax.Additional InformationFor details on the withholding of tax, see Pub.

  • Additionally, such a U.S. branch is required to file a separate Form 1042 to report amounts subject to reporting under chapter 4 and any taxes withheld.

  • If a QI (whether the home office or any branch) was a QDD during the tax year, check the box, enter the regular EIN (if any) of the QDD (not the QI-EIN) in the field provided, and attach a Schedule Q (Form 1042) for each QDD.

Related to Form 1042

  • Form 10-K is defined in Section 7.1(b).

  • Form 10 means the registration statement on Form 10 filed by SpinCo with the Commission to effect the registration of SpinCo Common Stock pursuant to the Exchange Act in connection with the Distribution, as such registration statement may be amended or supplemented from time to time.

  • Quarterly Report means Servicer’s report to me that includes, among other information, the results of the IRG’s Compliance Reviews for the calendar quarter covered by the report, as required by Paragraph D.1 of Exhibit E;

  • Form 10-Q is defined in Section 7.1(a).

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

  • Rule 482 Statement means a document that contains the number of Securities issued, the offering price and any other items dependent upon the offering price, prepared in accordance with the provisions of Rule 482 of the 1933 Act, a copy of which shall be attached as Schedule D hereto. “Statutory Prospectus” as of any time means the prospectus relating to the Securities that is included in the Registration Statement immediately prior to that time, including any document incorporated by reference therein. Each preliminary prospectus and the prospectus filed as part of the effective Registration Statement or as part of any amendment thereto, or filed pursuant to Rule 497 under the 1933 Act, complied when so filed in all material respects with the Rules and Regulations and each preliminary prospectus and the Prospectus delivered to the Underwriters for use in connection with this offering was identical to the electronically transmitted copies thereof filed with the Commission pursuant to XXXXX, except to the extent permitted by Regulation S-T. If a Rule 462(b) Registration Statement is required in connection with the offering and sale of the Securities, the Fund has complied or will comply with the requirements of Rule 111 under the 1933 Act Rules and Regulations and Rule 3a of the Commission’s Internal and Other Procedures (“Rule 3a”) relating to the payment of filing fees thereof. The Fund, subject to the Registration Statement having been declared effective and the filing of the Prospectus under Rule 497, has taken all required action under the 1933 Act, the 1940 Act, the Securities and Exchange Act of 1934, as amended (the “1934 Act”) and the Rules and Regulations to make the public offering and consummate the sale of the Securities as contemplated by this Agreement.

  • Rapidly report means within 72 hours of discovery of any cyber incident.

  • Quarterly Reports shall have the meaning assigned in Article 6.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • Additional Form 10-K Disclosure As defined in Section 11.05.

  • Annual Report means any Annual Report provided by the Issuer pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate.

  • Form 10-D As defined in the Pooling and Servicing Agreement.

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • Distribution Statement has the meaning set forth in Section 5.02(c) of the Trust Agreement.

  • Form 4224 means Form 4224 (Exemption from Withholding of Tax on Income Effectively Connected with the Conduct of a Trade or Business in the United States) of the Department of the Treasury of the United States of America (or in relation to either such Form such successor and related forms as may from time to time be adopted by the relevant taxing authorities of the United States of America to document a claim to which such Form relates).

  • Form 8-K As defined in the Pooling and Servicing Agreement.

  • Form 10-D Disclosure Item means, with respect to any Person, (a) any legal proceedings pending against such Person or of which any property of such Person is then subject, or (b) any proceedings known to be contemplated by governmental authorities against such Person or of which any property of such Person would be subject, in each case that would be material to the Noteholders.

  • Quarterly reporting period means the three-month period covered by each

  • Distribution Report The meaning specified in Section 10.7(b).

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Form 2106 means internal revenue service form 2106 filed by a taxpayer pursuant to the Internal Revenue Code.