A: To generate a 1042-S form in Sprintax Calculus, the following fields are needed:
- Name (Mandatory): Each recipient must have an account created in Calculus, which requires their name by default.
- Address (Optional): This is optional, though providing an address is recommended.
- U.S. TIN: Mandatory only if the recipient has a Taxpayer Identification Number (TIN). If the recipient does not have a TIN, the form can still be generated, but generally with a withholding rate above 0%.
- Date of Birth (DOB): Optional.
- Country of Residence: Optional for generating the form, but necessary for recipients eligible for a 0% withholding rate due to a tax treaty.