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Help in filing 1042S for USC living in India.

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  • Help in filing 1042S for USC living in India.

    Hello,

    I am USC living in India for last 6 years. My current employer gave small number of shares and I have received 1042S with a income code as 06 with 30% as Tax rate deducted.

    My question is do I need to report this form with tax return? Can I ignore this since my tax due is "0" due to Form255 and tax at 30% is already deducted for a small amount of $7 in Form 1042S. If I have to report/declare this with IRS, can one of you please let me know the process of declaring this 1042S form?

    Thank You

    Thank You

  • #2
    Do you need to file a tax return?

    Read this http://www.irs.gov/publications/p17/...link1000170407
    and http://www.irs.gov/publications/p17/...link1000284899

    and come back here with any questions.

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