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
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
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