My foreign-owned LLC paid one royalty to its NRA owner — do I really have to e-file Form 1042-S now?
I run a small Wyoming LLC that elected to be taxed as a C-corp. In 2025 the corporation paid exactly one royalty distribution to me (the sole shareholder, an NRA in Portugal) and withheld 30%. That's one Form 1042-S total. I keep reading that the IRS lowered the e-filing threshold dramatically a couple of years ago, and I'm trying to figure out whether a single 1042-S still has to be filed electronically or if paper is fine.
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