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Form 1042 Due Date for 2025
Charles Hardy | Last Updated: March 10, 2025
The Deadline to File Form 1042 is March 17, 2025. Start Filing Now!
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Form 1042 is used to report tax withheld on certain income of foreign persons by U.S.-based businesses or institutions. It’s important for withholding agents to file Form 1042 with the IRS on time. Missing the deadline can lead to penalties from the IRS. Therefore, it’s important that you ensure the timely filing of your Form 1042 to stay IRS-compliant.
When is the Deadline to File Form 1042 for the 2024 Tax Year?
Generally, the due date for filing Form 1042 with the IRS is March 15th of the calendar year in which the income subject to reporting was paid. If March 15th falls on a weekend or legal holiday, the due date is the next business day.
For the 2024 tax year, the due date to file Form 1042 is March 17, 2025.
When is the Due Date to Deposit Form 1042 Tax Payments?
The due date for depositing Form 1042 tax payments depends on the amount of tax withheld. The deposit frequency is determined as follows:
Deposit Condition | Deposit Due Date |
---|---|
Undeposited taxes are $2,000 or more at the end of a quarter-monthly period (7th, 15th, 22nd, and last day of the month) | Deposit required within 3 business days |
Undeposited taxes are at least $200 but less than $2,000 at the end of a month. |
Deposit required within 15 days |
Undeposited taxes are < $200 at the end of the calendar year (December) |
March 17, 2025 (Either deposit or remit with Form 1042) |
The IRS requires all depository tax payments to be made electronically through EFTPS, and failing to do so may result in a 10% penalty. With TaxBandits, you can easily make your deposits using EFTPS, ensuring compliance and
avoiding penalties.
For deposits made by EFTPS to be on time, you must submit the deposit by 8 p.m. ET the day before the
due date.
Is There an Extension Available for Form 1042 Deadline?
Yes! If you need more time to file your 1042 forms, you can request an extension from the IRS using Form 7004. This extension is automatic, which means the IRS doesn’t require you to provide any explanation for requesting more time. Upon acceptance of 7004, you’ll granted a 6-month extension, and the extended due date will be September 15th, provided that Form 7004 is filed on or before the original due date of March 15th.
However, it's important to note that this extension applies only to the filing deadline - any taxes owed must still be paid by March 15th to avoid penalties and interest.

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Meet Your 1042 Filing Deadline with TaxBandits!
Handling filing and tax deposits can be intricate and time-consuming, but with TaxBandits, meeting your 1042 compliance is simple. As an IRS-authorized e-file provider, we offer a secure, fast, and reliable filing experience, ensuring that you complete the e-filing of 1042 within the deadline easily and conveniently.
Learn more about how TaxBandits simplifies your 1042 filing.