Form Instruction 1042-S Minnesota 2023-2024

Form Instruction 1042-S Minnesota: What You Should Know

Forms W-2 and 1099 are non-resident tax form given for employment tax information collected by a non-resident employer and received by an employer for non-residents. Taxpayers that have a non-resident employer on Form W-2 or Form 1099 received for employment taxes on non-residents are required to file Form 1040NR. See the IRS Publication 447, “U.S. Individual Income Tax Return and Estimated Tax for the Current Year.” Form W-2G and Form 1099 are given to employees in the form of a letter postmarked, as early as possible, on the tax return reporting employment income. An additional Form W-2G may be received, if the income is reported to be for more than one pay period. The employment taxes should be reported as paid to the employing agency. All W-2s for services performed as an employee are required to be reported to the employing agency. When you complete Form 1040NR, you will complete the employment tax form. If you received a W-2G or 1099 from your non-resident employer, you will use the information on the form to complete the Form 1040NR form. If you received a Form W-2G, you will send the Forms W-2G back to your non-resident employer and report the earnings to the IRS by using a Form 1040NR. If you paid any of your employment taxes on a Form 1099, you may be able to claim a tax credit as follows as to your Form 1040NR. 1. Fill out Table 2 on line 10 on the back page. 2. The amounts shown in Line 10 on the form and under the “Taxable Income” column are used to fill in the “Earned Income (Line 13)” column on line 11. 3. Enter all earned income at the 10,000-or-less level, even if you received earnings that are higher than Line 11. 4. If the amount you enter as line 11 of line 11 is more than the amount you entered in line 9 on line 1, you will add the amount in line 9 of line 11 to the amount of the amount shown in line 11 of line 8. 5. Enter all the excess earned income amounts in the “Other Income (Line 14)” column on line 10. 6.

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