The annual statement showing your total gross income earned from US sources during the year and the tax withheld is considered as an income document. Typically, you should receive your income document online (as a PDF) or on paper via mail from the payer of your US income. That can be your employer, school, private organization etc.
The income documents are in general issued by the end of January, however the 1042-S forms are often issued in mid March. You can contact your payer for more information on which document to expect and when.
The income documents are usually one (or more depending on your individual circumstances) of the below:
- W-2 - Reporting income from employment mostly;
- 1042-S - Reporting taxable scholarships with income code 16, income from employment with income code 20 etc. The form can report any type of income and as long as you find the income code in box 1 of the 1042-S form itself in Sprintax you can file with us;
- 1099-B - Barter and Broker income (from trading stocks and crypto);
- 1099-DIV - Dividends;
- 1099-INT - Interest income;
- 1099-NEC - Nonemployee compensation income (for example if you worked as a freelancer);
- 1099-MISC - Reporting certain miscellaneous compensation including rent, royalties, prizes, and awards, healthcare payments etc.
- 1099-G - Government Payments, which usually reports the State refund from the previous year;
Important: In case you have Schedule K-1, you may not be able to prepare your returns with Sprintax, as we unfortunately do not support this Schedule.