Form 1042 Tax Extension: Extend your annual withholding Tax Return for U.S. Source Income of Foreign Persons
Withholding agents who find it difficult to gather the required information to complete their 1042 tax return can file an extension form before the due date by filing form 7004.
Form 7004 will provide an additional 6 months of time to file Form 1040 with the IRS. This extension has to be filed by the same day the actual 1040 return is due. The IRS grants an automatic extension to businesses that file 1040 Extension using
IRS Form 7004. Any taxes due must be paid along with the extension, or else the IRS will impose penalty and interest for the taxes due.
