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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- How to report 1040-S
How to report 1040-S
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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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