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We made changes to your Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, because we found a miscalculation. As a result of these changes, you have an overpayment on your account.

Tax Tip 2022-109, July 19, 2022 — When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. However, by law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS.

A description of FTDs and why they are important is provided.

Information about withholding on payments of U.S. source income to foreign persons (IRC 1441 to 1443 (Form 1042)).

CP112 tells you we made changes to your return because we believe there’s a miscalculation. As a result, you are due a refund.

An overview of employment tax compliance for tax-exempt organizations.

CP111 tells you we made changes to your return because we believe there’s a miscalculation. As a result, you are due a refund.

The payee's name and taxpayer identification number (TIN) on your information return is missing or doesn’t match our records.

Cafeteria plans are employee benefit plans that meet the regulations of section 125 of the Internal Revenue Code. Find answers to frequently asked questions.

We issue this notice when you didn’t make a federal tax deposit (FTD) through an approved electronic method such as the Electronic Federal Tax Payment System (EFTPS).