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Level 2
March 28, 2021
Question

Former expat - W2 and 1042s forms

  • March 28, 2021
  • 2 replies
  • 25 views

Hi,

I lived in NYC with my wife and child from juner 2017 to june 2019 on an E2 VISA, sponsored by the company I still work for. In 2020, I was not working in the US and didn't set foot in the country (we moved back to France), but I did receive a bonus in march 2020 for the activity I had there in 2019, deposited in my former US account. I have also unlocked funds we had on a 401k.

 

For the bonus, my company provided me with a W2. For the unlocking of 401k funds, Schwab provided me with a 1042-s form.

 

I have tried looking for the 1042s form on Turbotax but couldn't find it, and I understand from a quick search that it is not supported on this platform. Could you please help me clarify the options to file for my 2020 tax return?

 

Thank you very much in advance

    2 replies

    DaveF1006
    Level 15
    March 30, 2021

    @oussyluv Due to reviewing my previous answer, I had to make changes after researching this a little further. According to this link from IRS.gov, to file a non-resident US return, you must file a return if:

    1. A nonresident alien individual engaged or considered to be engaged in a trade or business in the United States during the year.
    2. A nonresident alien individual who is not engaged in a trade or business in the United States and has U.S. income on which the tax liability was not satisfied by the withholding of tax at the source.
    3. A representative or agent responsible for filing the return of an individual described in (1) or (2),
    4. A fiduciary for a nonresident alien estate or trust, or
    5. A resident or domestic fiduciary, or other person, charged with the care of the person or property of a nonresident individual may be required to file an income tax return for that individual and pay the tax (Refer to Treas. Reg. 1.6012-3(b)).

    You may need to file a non-resident return if your W2 does not have tax withheld from your W2 in accordance with the second point listed above. Also the 401k withdrawal information reported on the 1042S should be reported.  Please view this IRS link regarding reporting requirements for US income.

     

    Turbo Tax does not prepare 1040 Non-Resident returns but we do have an affiliate called sprint tax. Please select this link  to contact them for further information regarding your filing requirements. In this link, you will have an opportunity to prepare your return and as you navigate through the software, it will guide you through the requirements.

     

    [Edited 03-30-2021|5:50 PM PST]

     

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    oussyluvAuthor
    Level 2
    March 31, 2021

    Thank you very much @DaveF1006 for your detailed response. I will check the IRS links and Sprint Tax software.

     

    Have a great day,

    oussyluv