Form 1042-S

bhaibhai · Post by **bhaibhai** » Thu Apr 12, 2007 2:37 pm

Hi All,

Iam filing 1040NR for 2006 tax year. This is my first year as NRA, so i haven't realized i needed to file W-8BEN with my brokerage. So, they have not sent 1042-S which is needed to know info like foreign source/ US source etc. Now my broker TDAmeritrade says they can't issue 1042-S for last year. So, can i go ahead and proceed with 1040NR filing without 1042-S ? (I need to make judgements on which is foreign source income etc. For example, if it is a mutual fund investing in non-US companies, i need to put it in foreign source income). Will IRS accept that ? Any experience on this ? My income is not that much -- below $3000 for not-effectively-connected-income. So, maybe IRS won't mind not having 1042-S ?

On a positive note, i just read in inst-1040NR that due date for it is June 15th. (Not Apr 15 !). So, we do have some time left !!

Thanks,
bhaibhai

bhaibhai · Post by **bhaibhai** » Thu Apr 12, 2007 4:15 pm

Just to clarify, the extended due date is only for people who satisfy certain criteria. check inst-1040NR for details.

bhaibhai

bhaibhai · Post by **bhaibhai** » Sun Apr 15, 2007 9:47 am

Hi folks, can anyone give a take on this one ? Any experience filnig 1040NR without 1042-S attached ?

Thanks

laks0 · Post by **laks0** » Sun Apr 15, 2007 10:26 am

bhaibhai,

go through the following thread and check if its already answered, if not post your question there.

US Tax on IRA/401(k)/Pension Withdrawal by NRA

bmukherji · Post by **bmukherji** » Sun Apr 29, 2007 8:47 pm

Page 3 of the Instructions for 1040NR -The last column has some information on claiming refund. Check if you can qualify. Also, on top of Page 4 of 1040NR has - "Attach Forms 1042-S, SSA-1042S, RRB-1042S, or similar form". May be you can make use of the "similar form" exception with a note explaining your situation.