If You Receive Form 1042-S, Does That Mean You Have U.S. Tax Obligations?
"No, this does not trigger automatic U.S. filing requirements. As mentioned above, certain types of income received are passive in nature and are subject to a flat tax corresponding to the statutory 30% withholding. If that constitutes the entirety of your US-sourced income, you likely do not have a filing requirement, since IRS already has their money. " Does this mean I can leave out her 2024-S income when filing the amended MFJ 1040 for 2024? Also, I see there are multiple 1042-S from her brokerage for 2024, including 2 on 3-7 and 3 on 3-12. So, I am anticipating multiple 1042-S on different dates for 2025, which we will report because of her wages. Do we report all 1042-S income for all dates? Thanks.
