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Form 1042-S: Foreign Person's U.S. Source Income Subject to Withholding is a tax form issued by the university (employer) to nonresident aliens that summarizes taxable income and the corresponding tax withholding related to that income received by the nonresident aliens during a calendar year.
Income reported on the form 1042-S could include:
- Salary or wages exempt under a tax treaty (employees)
- Fellowship payments
- Nonqualified scholarships
- Prizes subject to tax withholding the form 1042-S shall be mailed out by the State mid-March.
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