I got a Form 1042-S in the mail. What do I do with it?

If you are not a U.S. person (based on the IRS’s Classification of Taxpayers for U.S. Tax Purposes), but over the past year you received money from U.S. companies or institutes required to withhold tax, you might have received a 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, an Internal Revenue Service (IRS) form.

You can receive this form if:

• you studied in the United States and received a scholarship that exceeded your tuition
• you undertook contract work for a U.S. company
• you worked in the U.S., but retired in Canada
• you received interest or dividends from a U.S. bank or broker

Whatever the reason, Form 1042-S represents taxable income, so you’ll need to include it on your Canadian tax return and, if the right amount of taxes haven’t been withheld, you might also need to file a U.S. return. We can help!

Choose how you want to meet us:

• Book an appointment to meet with a U.S. tax expert. Choose an office with a U.S. flag on the office locator.

  

• Drop-off your tax information at any H&R Block location (Drop-Off form)

• File online with a Tax Expert