FDAP Income and Forms 1042/1042-S

Short answer: FDAP and Forms 1042/1042-S concern withholding-agent reporting for qualifying foreign-person payments and are separate from Form 5472.

What this guide covers

Learn the basics of FDAP withholding and the separate reporting roles of IRS Forms 1042 and 1042-S.

This guide addresses: Understand withholding-agent reporting without conflating it with Form 5472.

Continue your review

Use current IRS instructions and your own records for a fact-specific review. Browse all guides or read the Form 5472 complete guide.