What it reports: A 1042-S shows certain U.S.-source income that may be subject to withholding that is paid to certain non-residents of the U.S. and reportable under U.S. tax laws. Generally certain non-residents include flow-through entities, qualified derivatives dealers (QDDs), TFSAs documented without W forms, and accounts that specifically requested an individual 1042.

Mailing date: Mid-March