IRS Releases 2005 Tax Year Form 1042

The IRS has released the 2005 tax year Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. This form is used by financial organizations to report withholding amounts associated with U.S. source income or payments to foreign persons, including distributions from retirement savings arrangements.

Form 1042 may be accessed at http://www.irs.gov/pub/irs-pdf/f1042.pdf.