Get the free Return of Nonresident Withholding Tax Declaration for - tax virginia

VA-8453P Virginia Department of Taxation Virginia Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax Declaration for Electronic Filing Tax Year 2014 DO NOT SEND THIS VA-8453P

How to fill out return of nonresident withholding

How to fill out return of nonresident withholding:

1. Obtain the necessary forms: The first step is to obtain the required forms for filling out the return of nonresident withholding. This usually includes Form 1042-S, which is provided by the withholding agent, and Form 1040NR, which is used to report the income and claim any applicable deductions or exemptions.
2. Gather the relevant information: Before starting to fill out the forms, gather all the necessary information. This may include your Social Security number or Individual Taxpayer Identification Number (ITIN), details of your income subject to withholding, and any supporting documents like W-2s or 1099s.
3. Complete Form 1042-S: Begin by filling out Form 1042-S, which reports the amounts withheld from your income by the withholding agent. Provide accurate information about the payer, recipient, and the income subject to withholding. Additionally, report any tax treaty claims or exemptions, if applicable.
4. Complete Form 1040NR: Next, move on to filling out Form 1040NR. Start with personal information, including your name, address, and Social Security number or ITIN. Report your income from all sources, including the withholding amount reported on Form 1042-S. Deduct any applicable expenses, exemptions, or credits to calculate your taxable income.
5. Calculate and pay any additional tax: After determining your taxable income, use the appropriate tax rate to calculate the amount of tax owed. Take into consideration any credits or withholding already done. If there is a balance due, ensure that it is paid by the deadline to avoid penalties and interest.
6. File the return: Once all the forms are completed accurately, make copies for your records, including any supporting documentation. Sign the forms and mail them to the appropriate address, as instructed by the IRS. Alternatively, you may choose to file electronically using IRS e-file.

Who needs return of nonresident withholding?

1. Nonresident aliens: Nonresident aliens who have earned income in the United States that is subject to withholding by a payer are generally required to file a return of nonresident withholding. This applies to individuals who are not U.S. citizens or green card holders and do not meet the substantial presence test for residency.
2. Withholding agents: It is the responsibility of the withholding agent, typically the employer or other payer, to provide Form 1042-S to the nonresident alien individual. The withholding agent should file a copy of this form with the IRS as well.

Filing a return of nonresident withholding ensures compliance with U.S. tax laws, allows the nonresident alien to claim any applicable tax treaty benefits, and may result in a refund if excess withholding has occurred. It is important to consult with a tax professional or refer to the IRS guidelines for specific situations and requirements.

For pdfFiller’s FAQs

What is return of nonresident withholding?

The return of nonresident withholding is a form used to report and remit taxes withheld on payments made to nonresident individuals or entities.

Who is required to file return of nonresident withholding?

Any individual or entity that makes payments to nonresidents and withholds taxes from those payments is required to file a return of nonresident withholding.

How to fill out return of nonresident withholding?

To fill out a return of nonresident withholding, one must provide information such as the name and address of the payee, the amount of income paid, the amount of taxes withheld, and any other required details.

What is the purpose of return of nonresident withholding?

The purpose of the return of nonresident withholding is to report the amount of taxes withheld on payments made to nonresident individuals or entities, and to remit those taxes to the appropriate tax authority.

What information must be reported on return of nonresident withholding?

The return of nonresident withholding must include information such as the payee's name and address, the amount of income paid, the amount of taxes withheld, and any other relevant details required by the tax authority.

How can I get return of nonresident withholding?

The premium pdfFiller subscription gives you access to over 25M fillable templates that you can download, fill out, print, and sign. The library has state-specific return of nonresident withholding and other forms. Find the template you need and change it using powerful tools.

How do I make changes in return of nonresident withholding?

pdfFiller allows you to edit not only the content of your files, but also the quantity and sequence of the pages. Upload your return of nonresident withholding to the editor and make adjustments in a matter of seconds. Text in PDFs may be blacked out, typed in, and erased using the editor. You may also include photos, sticky notes, and text boxes, among other things.

How do I fill out the return of nonresident withholding form on my smartphone?

Use the pdfFiller mobile app to complete and sign return of nonresident withholding on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.