Who needs to file an amendment of Form 1042
You need to file an amended Form 1042 if you have to make changes to your Form 1042 after you submit it.
Such changes can derive from, but not limited to:
- Changes in gross FDAP income
- Changes in gross tax liability (amounts or the periods they were reported under)
How to prepare an amended Form 1042 in Calculus
Administrators with permission Generate 1042 can prepare the form and administrators with E-File Form 1042 can e-file it.
1. Login to your Calculus account.
2. Head to Form 1042-S List.
3. Click on E-file.
4. Click Generate amendment under 1042.
5. You will have 2 options to choose from:
- I want to use Calculus data to complete Form 1042
- I want to complete Form 1042 with data collected outside Sprintax Calculus
6. Select that you wish you prepare an amended return and provide a brief explanation for filing an amendment.
7. The information present in the fields of the 1042 screen will be the last saved changes to the 1042 Form. Please, make the necessary corrections and generate the updated amended Form 1042 by clicking on the Generate button at the bottom.
8. You will receive a notification once Form 1042 PDF is ready for download in Calculus and your email. The notification will contain a hyperlink to download the 1042 Form, review and save for your records.
How to e-file Amended Form 1042 in Calculus
Once the 1042 Form is generated it is ready to be e-filed. The admin who has the rights to e-file the form can click on the E-file button and then E-file amendment in the right-hand panel.
9. Complete Business and Signing officers' details, sign Form 8879 and e-file the amended Form 1042.
Important: For a step-by-step instructions on each screen and field, please refer to E-File Form 1042.