What is the difference between Form 1042 and 1042-s? 1.05K viewsOctober 10, 2022Banking and Finance 0 Sam Smith11.38K March 11, 2021 0 Comments 1 Answer ActiveVotedNewestOldest 0 Blogolu28.38K Posted March 11, 2021 0 Comments The main difference between forms 1042 and 1042-S is that form 1042-S is concerned with payments made to foreign persons, while form 1042 is concerned with determining how much income will be withheld for tax withholding purposes. Register or Login