Improve Accuracy with the Form 1042-S Tool!

Bookmark and Share IRS.gov Banner Qualified Intermediaries News February 13, 2024 USEFUL LINKS IRS.gov Qualified Intermediary Home FATCA Home - OTHER USEFUL LINKS About Form 1042 Form 1042 Modernized e-File (MeF) About Form 1042-S Form 1042-S Data Integrity Tool IRS Guidance ISSUE NUMBER:    2024-04 - IMPROVE ACCURACY WITH THE FORM 1042-S TOOL! Are you a withholding agent concerned about Form 1042-S reporting? Have you tried the IRS Form 1042-S Data Integrity Tool? The IRS provides this free tool to assist withholding agents in improving compliance with Form 1042-S reporting and withholding. Here's how the tool can help: * Identify potential errors: The tool performs a quality review of Form 1042-S data before submission to the IRS. * Reduce filing risks: Minimize potential penalties and delays by increasing the accuracy of your data. Start using the FREE Form 1042-S Data Integrity Tool today! The tool does not change a withholding agent’s obligations to file with the IRS and furnish a copy of the Form 1042-S to the payee. A withholding agent is responsible for correcting potential errors before submission to the IRS. The use of this tool or any other available tool that reviews information returns for potential errors, prior to submission to the IRS, may be considered in requests for penalty relief. Back to Top - - Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your . You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact . This service is provided to you at no charge by the Internal Revenue Service (IRS). - This email was sent to [email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535 GovDelivery logo