Certified Payroll Professional Practice Exam

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Which form is used to summarize the income and taxes withheld amounts from all corresponding forms 1042-S?

  1. Form 1042

  2. Form SS-5

  3. Form 1099-R

  4. Form 1042-T

The correct answer is: Form 1042-T

Form 1042-T is used to summarize the income and taxes withheld amounts from all corresponding forms 1042-S. Form 1042 is used for annual withholding tax return for U.S. source income of foreign persons. Form SS-5 is used to apply for a Social Security card. Form 1099-R is used to report distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, and insurance contracts.

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