omega106
Level 1
04-20-2022
06:15 PM
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How do I report a 1040-S Foreign Income with code 15. My client received this form after her son died and she received her sons Life Insurance and 401K. I have never had a client with this form before and when I called IRS they said they could t help.
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sjrcpa
Level 15
04-20-2022
06:22 PM
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1042-S?
Is your client a US citizen?
Nonresident alien?
The more I know the more I don’t know.
itonewbie
Level 15
04-20-2022
06:52 PM
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Sounds like the mother never turned in the W-9 they requested. If that is the case and the mother is, indeed, a US citizen, green card holder, or resident alien, you'd report the income as you would normally and give the mother credit for the backup withholding.
In case the mother is resident of a treaty country, however, please come back and provide more details.
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