Creating 1042-S Forms on Campus Solutions
(Doc ID 2948177.1)
Last updated on APRIL 17, 2024
Applies to:
PeopleSoft Enterprise CS Student Financials - Version 9.2 and laterInformation in this document applies to any platform.
Goal
Tax regulations require institutions to withhold tax on excess scholarships (scholarships received above tuition and required fees) for non-resident alien students. In addition, the regulation indicates a 1042-S form needs to be produced for the student and the IRS (Internal Revenue Service).
Campus Solutions does not currently have this functionality, requiring a custom process to be developed.
Does Oracle have any partners or integrations to third party vendors in the 1042-S space?. The ideal solution would be a third party product that could be bolted into Campus Solutions.
Solution
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In this Document
Goal |
Solution |
References |