quarterdeck
quarterdeck-text
 
January 2008
www.windstar.com     

Streamline 1042 processing with
International Tax Navigator's
®

user-friendly, year-end processing capabilities

The Internal Revenue Service (IRS) has announced international initiatives that include planned IRS verification of 100 percent of Form 1042-S submissions!

Since 1995 Windstar has successfully processed Form 1042-S submissions with the IRS. Windstar’s International Tax Navigator is the software solution you need to automate and manage your 1042/1042-S year-end processing.

Create your 1042-S forms easily and automatically

Tax Navigator, a sophisticated and user-friendly tool, automates year-end processing and does all calculations for you by preparing all 1042-S information returns and producing your 1042-S electronic file. Tax Navigator totals and reconciles all 1042-S file totals with your 1042 tax return – eliminating hours of manual work while creating forms that the IRS will accept.

You can easily:

  • Create 1042-S shell records with the information that Tax Navigator has analyzed throughout the year or add new records manually
  • Bring payment information into Tax Navigator via an automated interface process
  • Use an error report with records having invalid or missing data and make changes directly in the system
  • Edit check and validate tax rates and tax treaty exemptions for various income codes, including 11, 12, 13, 15, 16, 18, 19, 20, 28, and 50 (for certain income)
  • Print a summarized list of withholding amounts by income codes and for the organization
  • Reduce the likelihood of the IRS rejecting the file

You decide how to file your 1042-S forms

Windstar gives you several filing options: file on your own via the IRS’ FIRE System or have Windstar file for you electronically.

Need an extension for your IRS submission? Windstar can file that for you as well.

If you have fewer than 250 forms to file and want to file on paper, you can use your own 8 ½ by 11 or 8 ½ by 14 forms or purchase Moore Business Forms’ (MBF) Pressure Seal Forms or Windstar’s MBF Pressure Seal Forms and envelopes directly from Windstar. Then use Tax Navigator’s printing capabilities to print directly to these forms, eliminating the need to enter the information manually.

1042-S Support and Training

You will get the most out of Tax Navigator during your year-end processing with comprehensive, web-based training and support. In addition, Windstar’s year-end Nonresident Alien Tax Training workshop provides you with hands-on, comprehensive explanations of all year-end processing including IRS procedures.

Automate your year-end processing now!

Contact Windstar Technologies today to learn
how International Tax Navigator can help you with your 1042/1042-S processing.

E-mail sales@windstar.com or call 800-259-6398.


Since 1995 educational institutions, hospitals, research institutions, and corporations have relied on Windstar Technologies, Inc. to deliver the expertise to comply with the U.S. tax residency rules, tax rates, and special tax exemption rules under the law and U.S. treaties.  When government agencies require information about foreign nationals in the workplace, Windstar provides straightforward analysis and reporting. Comprehensive software for analysis and reporting, expert knowledge, and unparalleled customer service combine to make Windstar the first choice for nonresident alien tax compliance.