Avoid Common — Instruction 1042 — Instructions for Form

To ensure that your Form 1042 can be correctly processed, be sure that you do the following.

Carefully read the information provided in Pub. 515 and these instructions.
Complete all required information for the withholding agent including the withholding agent’s name, address, chapter 3 and chapter 4 status codes, and the EIN, QI-EIN, WP-EIN, or WT-EIN. Note that you must include the withholding agent’s chapter 3 and chapter 4 status codes regardless of the types of payments being reported on Form 1042.
Ensure that the correct EIN is provided. If you are filing Form 1042 as a QI, WP, or WT, enter your QI-EIN, WPEIN, or WT-EIN.
Lines 1 through 60, Record of Federal Tax Liability, must show the federal tax liability for payments made during the applicable quarter-monthly period. This section reports the tax liability, not the tax deposited by the withholding agent.
The sum of the monthly totals in Section 1 (lines 5, 10, 15, 20, 25, 30, 35, 40, 45, 50, 55, and 60) must match the amount of total tax liability reported on lines 64b, 64c, and 64d.
Do not include amounts reported as adjustments on line 64a in the Record of Federal Tax Liability (lines 1 through 60).
You must designate the tax liability as either a chapter 3 tax liability or a chapter 4 tax liability. Report the portion of the tax liability for the calendar year that is a chapter 3 tax liability on line 64b. Report the portion of the tax liability for the calendar year that is a chapter 4 tax liability on line 64c.
You must complete Section 2—Reconciliation of Payments of U.S. Source FDAP Income. Section 2 must be completed even if you have not withheld any amounts under chapter 4.