I received a 1042-S in the mail. It is "Foreign Persons US Source Income Subject to Withholding". I am not sure what I am supposed to do with it, or if I need to amend my taxes with this form. The income it shows is $968 which I am uncertain where it comes from.
(a) What is your own immigration / tax status ? Are you a US person ( citizen/ GreenCard/Resident for Tax purposes )? Getting a 1042-S implies that the issuer / agent at some point considered you an NRA . So please tell more about this
(b) Assuming that this 1042-S was in your name ( beneficiary / Recipient ) -- see Boxes 13a through 13l, what does it show in Box 1 ( Income code ) and the info in Boxes 3 and 4 ? That should tell you what type of income this was.
(c) When did you enter this country and with which visa ? Was there an adjustment to your status -- e.g. F-1 to H-1B ? And if so when ?
(d) Assuming that you a US person for the tax year 2024 and therefore you have filed your return on form 1040 ( not 1040-NR) , then you have to file an amended return to reconcile the 1042-S income and any taxes withheld by the agent ( See Box-14 ).
(e) Which country are you from ?
I will circle back once you answer my questions yes ?
pk