Early-filed Form 1042 returns must be held for processing until the beginning of the appropriate processing year. These returns cannot be processed prior to January of the proper processing year.This graphic shows a current Form 1042 return with the tax year crossed out in red and replaced with TY 2025 to indicate an early filer.The name of the withholding agent is William Shepherd Inc.The address is 107 Fisher Bay Drive, Jackson, MS 39205.The taxpayers EIN is 00-5684567.Lines 3 and 5 show an amount of 30.The received date stamp on the return is 02212025.Line 61 shows three Forms 1042-S returns were electronically filed.There is an entry of 300 on lines 62a and 62c.The return is signed by Patricia Shepherd with the date of 1/20/25.Action Code 480 is edited in red on the lower left corner of the return.