Tax reporting documents (1042-S) are a record of payments received and your taxes paid in the prior calendar year. Payments of a particular income type (and from the same payment system) are aggregated in a single tax-reporting document, which is issued depending on:
- your U.S. tax residency status
- whether the income is considered U.S. or foreign-sourced
- the type of income
- your eligibility for tax treaty benefits
MIT will not issue a tax reporting document for payments to nonresident aliens for work performed outside of the U.S. because these payments are exempt from taxation.
- IRS 1042-S: Foreign Person’s U.S. Source Income Subject to Withholding
Year-end summary of payments to foreign nationals covered by a tax treaty or certain payments (e.g. honoraria, prizes, awards, fellowships) to foreign nationals, which had federal income tax withheld
Form 1042-S is distributed via U.S. mail.
For more information, see the chart on the Learn about Grants, Stipends, Scholarships, Fellowships, and Other Types of Payments page of the VPF website.
The content in this website is provided for informational purposes only. MIT does not offer legal, accounting, or tax advice and services. This information should not be used as a substitute for consultation with a professional accounting, tax, or legal advisor. MIT recommends that students consult a tax advisor for individual tax advice.