Copies B, C, and D are for the recipient. Copy E is for your records. From Withholding on page 2. Income from sources within the United States paid to residents of U.S. possessions and territories is not subject to reporting or withholding under section 1441 if the recipient is a U.S. citizen, national, or resident alien. Get Form 1042 for more information.
Any person required to withhold the tax is a withholding agent.
A withholding agent may be an individual, trust, estate, partnership, corporation, government agency, association, or tax-exempt foundation, whether domestic or foreign. Canadian withholding agent. If you are a nominee, representative, fiduciary, or partnership in Canada and you receive dividends from sources in the United States for the account of any person who is not entitled to the reduced rate granted under the tax treaty between the United States and Canada, you are a withholding agent. You must withhold the additional tax due on the income. Send the additional U.S. tax withheld, in U.S. dollars, with Form 1042 to the Internal Revenue Service Center, Philadelphia, PA 19255, by March 15, 2000.