[1042-S Box 13c] Recipient Codes
The IRS Form 1042-S Recipient Code identifies the type of recipient receiving U.S.-source income subject to withholding under Chapter 3 (withholding on payments to nonresidents) or Chapter 4 (FATCA) of the Internal Revenue Code. These codes are reported in Box 13c on Form 1042-S.
Individual Recipients:
01 – Individual02 – Corporation
03 – Partnership (other than a withholding foreign partnership)
04 – Withholding foreign partnership
05 – Trust (other than a withholding foreign trust)
06 – Withholding foreign trust
07 – Estate
08 – Government
09 – International organization
Intermediaries and Others:
10 – Tax-exempt organization (under Section 501(a))11 – Private foundation
12 – Artist or athlete
13 – Complex trust
14 – Grantor trust
15 – Simple trust
16 – Foreign central bank of issue
17 – Qualified intermediary (QI)
18 – Joint account (not QI)
19 – Public pension fund
20 – U.S. branch treated as a U.S. person
21 – Territory financial institution
22 – Nonqualified intermediary
23 – Foreign government-controlled entity
Miscellaneous:
24 – Unknown recipient25 – Other