Run the TAX955 - Form 1042 Data Summary Report
Purpose: Use this document as a reference for running the PeopleSoft delivered TAX955, Form 1042-S Data Summary report. This report provides a one-page summary of a company's tax liability totals by deposit period for a specific tax year you specify, and is related to Non-Resident Aliens (NRA) at your college. This report is typically run during the year-end processing cycle, specifically after the Form 1042-S data has been finalized
Audience: Payroll Administrators.
You must have at least one of these local college managed security roles:
- ZZ Payroll Processing
If you need assistance with the above security roles, please contact your local college supervisor or IT Admin to request role access.
Run the TAX955 - Form 1042 Data Summary Report
Navigation: Menu > Payroll for North America > U.S. Annual Processing > Form 1042 Data Summary
- The Form 1042 Data Summary run control search page displays.
- If you have run this process or report in the past, the Find an Existing Value tab displays by default to enter an existing Run Control ID and select the Search button. If this is the first time running this process or report, select the Add a New Value tab to create a new Run Control ID and select the Add button.
NOTE: It is important to note that Run Control IDs cannot be deleted. Do not include spaces in your Run Control name. We encourage the Run Control ID to have the same process naming convention but unique to the step; because of this, including your institution code and a short process description in the Run Control ID is recommended--for example, 240_FORM_1042_DATASUM.
- The Form 1042 Data Summary - Report Request Parameters page displays.
- The Report Request Parameters allow you to specify the Tax Year (calendar year) and Company.
Recommendations to run the report based on the report request parameter fields above. When the process is run for the Tax Year, it will generate a report for the Calendar year. For example, running TAX955 for Tax Year = 2025, creates a report for the period 1/1/2025 through 12/31/2025.
- Select the Run button.
- The Process Scheduler Request page displays.
- Be sure the line that has the Description - Form 1042 Data and Process Name - TAX955 has the Select check box selected and then select the OK button.
Please refer to the Process Schedule Request steps for further instructions if needed. - Select the Refresh button a few times until the Run Status = Success and Distribution Status = Posted.
- Select the Details link, and then on the Process Detail page, select the View Log/Trace link.
- Select the tax955_process instance number.PDF to view the FORM 1042-S TAX LIABILITY DATA Report.
- Review and/or download the report.
The procedure to run the TAX955 - Form 1042-S Data Summary is complete.
0 Comments
Add your comment