Form 1042-S is a tax form used by businesses to report income paid to foreign persons, including non-resident aliens, foreign partnerships, and foreign corporations. This form is required to be filed by businesses that have made payments subject to withholding to these foreign entities during the tax year. The payments can include various types of income, such as rents, royalties, compensations, and dividends. Businesses that have made such payments to foreign persons are responsible for issuing Form 1042-S to report the amount of income paid and the amount of tax withheld. The form must be filed with the Internal Revenue Service