U.S. · Tax forms · Foreign persons
Form 1042-S chapter 4, status codes.
The Appendix B codes, which box they go in, and the rules the instructions add.
A chapter 4 status code is a two-digit code from Appendix B that identifies an FATCA status. The withholding agent enters its own in box 12c (both chapter 3 and chapter 4 codes are required) and the recipient’s goes in box 13k. A U.S. financial institution uses 01, except a foreign branch of one, which uses 50. The recipient’s chapter 4 code is required only for a withholdable payment or when a participating FFI or registered deemed-compliant FFI provides a pool of U.S. payees.
Look up a 1042-S Chapter 4 Status Codes item
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1042-S Chapter 4 Status Codes at a glance (2026 edition)
| Code | Meaning | Note |
|---|---|---|
| 01 | U.S. withholding agent, FI | Box 12c for a U.S. financial institution, unless a foreign branch issues the form |
| 02 | U.S. withholding agent, other | Listed in Appendix B of the instructions |
| 03 | Territory FI, not treated as U.S. person | Listed in Appendix B of the instructions |
| 04 | Territory FI, treated as U.S. person | Listed in Appendix B of the instructions |
| 05 | Participating FFI, other | Listed in Appendix B of the instructions |
| 06 | Participating FFI, reporting Model 2 FFI | Listed in Appendix B of the instructions |
| 07 | Registered deemed-compliant FFI, reporting Model 1 FFI | Listed in Appendix B of the instructions |
| 08 | Registered deemed-compliant FFI, sponsored entity | Listed in Appendix B of the instructions |
| 09 | Registered deemed-compliant FFI, other | Listed in Appendix B of the instructions |
| 10 | Certified deemed-compliant FFI, other | Also used for a restricted distributor receiving a withholdable payment |
| 11 | Certified deemed-compliant FFI, FFI with low value accounts | Listed in Appendix B of the instructions |
| 12 | Certified deemed-compliant FFI, nonregistering local bank | Listed in Appendix B of the instructions |
| 13 | Certified deemed-compliant FFI, sponsored entity | Listed in Appendix B of the instructions |
| 14 | Certified deemed-compliant FFI, investment entity that does not maintain financial accounts | Listed in Appendix B of the instructions |
| 15 | Nonparticipating FFI | Use only if reporting directly to the recipient |
| 16 | Owner-documented FFI | Listed in Appendix B of the instructions |
| 17 | U.S. branch, treated as U.S. person | Payment to a U.S. branch treated as a U.S. person (code 04 for a territory FI treated as one) |
| 18 | U.S. branch, not treated as U.S. person (reporting under section 1471) | Listed in Appendix B of the instructions |
| 19 | Passive NFFE identifying substantial U.S. owners | Listed in Appendix B of the instructions |
| 20 | Passive NFFE with no substantial U.S. owners | Listed in Appendix B of the instructions |
| 21 | Publicly traded NFFE or affiliate of publicly traded NFFE | Listed in Appendix B of the instructions |
| 22 | Active NFFE | Listed in Appendix B of the instructions |
| 23 | Individual | Listed in Appendix B of the instructions |
| 24 | Section 501(c) entities | Listed in Appendix B of the instructions |
| 25 | Excepted territory NFFE | Listed in Appendix B of the instructions |
| 26 | Excepted NFFE, other | Also used for an NFFE treated as a U.S. person |
| 27 | Exempt beneficial owner | Listed in Appendix B of the instructions |
| 28 | Entity wholly owned by exempt beneficial owners | Listed in Appendix B of the instructions |
| 29 | Unknown recipient | Only with chapter 3 code 21 and no documentation from an intermediary or flow-through entity |
| 30 | Recalcitrant account holder | Use only if reporting directly to the recipient |
| 31 | Nonreporting IGA FFI | Listed in Appendix B of the instructions |
| 32 | Direct reporting NFFE | Listed in Appendix B of the instructions |
| 33 | U.S. reportable account | Model 1 IGA reportable account subject to chapter 3 withholding |
| 34 | Nonconsenting U.S. account | Model 2 IGA nonconsenting account subject to chapter 3 withholding |
| 35 | Sponsored direct reporting NFFE | Listed in Appendix B of the instructions |
| 36 | Excepted inter-affiliate FFI | Listed in Appendix B of the instructions |
| 37 | Undocumented preexisting obligation | Obligation not yet documented and payment made within the allowed documentation period |
| 38 | U.S. branch, ECI presumption applied | Listed in Appendix B of the instructions |
| 39 | Account holder of excluded financial account | Obligation excluded from the definition of financial account |
| 40 | Passive NFFE reported by FFI | Listed in Appendix B of the instructions |
| 41 | NFFE subject to 1472 withholding | Amounts withheld on under section 1472 (boxes 7 through 9), unless recalcitrant (then 30) |
| 42 | Pooled reporting: recalcitrant pool, no U.S. indicia | Listed in Appendix B of the instructions |
| 43 | Pooled reporting: recalcitrant pool, U.S. indicia | Listed in Appendix B of the instructions |
| 44 | Pooled reporting: recalcitrant pool, dormant account | Listed in Appendix B of the instructions |
| 45 | Pooled reporting: recalcitrant pool, U.S. persons | Listed in Appendix B of the instructions |
| 46 | Pooled reporting: recalcitrant pool, passive NFFEs | Listed in Appendix B of the instructions |
| 47 | Pooled reporting: nonparticipating FFI pool | Listed in Appendix B of the instructions |
| 48 | Pooled reporting: U.S. payees pool | Only if a participating FFI or registered deemed-compliant FFI documents a pool of U.S. payees |
| 49 | Pooled reporting: QI recalcitrant pool, general | Listed in Appendix B of the instructions |
| 50 | U.S. withholding agent, foreign branch of FI | Box 12c when a foreign branch of a U.S. financial institution issues the form |
Box 12c versus box 13k
Box 12c is the withholding agent’s own chapter 4 status code. Box 13k is the recipient’s. The instructions say the withholding agent must enter both a chapter 3 and a chapter 4 code in boxes 12b and 12c regardless of the type of payment. For the recipient, a chapter 4 code is required only if the payment is a withholdable payment or when a participating FFI or registered deemed-compliant FFI provides a chapter 4 withholding rate pool of U.S. payees.
Pooled reporting codes 42 to 49
Codes 42 through 49 are the chapter 4 pooled reporting codes. The instructions say that for reporting the chapter 4 reporting pools of recalcitrant account holders of a participating FFI, registered deemed-compliant FFI or QI you use codes 42 through 49, and that pool code 48 (U.S. payees pool) is used only when a participating FFI or registered deemed-compliant FFI documents a pool of U.S. payees. A QI, WP or WT reporting direct account holders does not include a chapter 3 status code when it uses a chapter 4 reporting pool code.
Unknown recipients
Use code 29 (unknown recipient) only if you have not received a withholding certificate or other documentation for a withholdable payment from an intermediary or flow-through entity, and only if you also used chapter 3 code 21 (unknown recipient).
Worked example
The instructions work an example in Appendix C: a U.S. withholding agent pays dividends to a foreign individual who gave a Form W-8BEN. The agent enters chapter 3 status code 16 (individual) and chapter 4 status code 23 (individual) for the recipient. See Appendix C of the IRS instructions for the full fact pattern.
More pages in this set
Related decoder pages: 1042-S Box 12b, 1042-S Income Code 50, 1042-S Exemption Code 04.
Sources
- Instructions for Form 1042-S (2026): the line-by-line and code instructions summarized on this page. Page last reviewed or updated April 30, 2026. Read November 2, 2026.
Edition: Instructions for Form 1042-S (2026). Line numbers, codes, dollar limits and rates are those printed in that edition and change by year. Names in worked examples are made up.
Frequently asked questions
What is a chapter 4 status code on Form 1042-S?
A two-digit Appendix B code that identifies the FATCA status of the withholding agent (box 12c) or the recipient (box 13k).
What chapter 4 code does a U.S. bank use in box 12c?
01 (U.S. withholding agent, FI), except when a foreign branch of a U.S. financial institution issues the form, in which case it uses 50.
Is a chapter 4 code always required for the recipient?
No. It is required only if the payment is a withholdable payment or when a participating FFI or registered deemed-compliant FFI provides a chapter 4 withholding rate pool of U.S. payees.
What code is a foreign individual?
23 (individual) is the chapter 4 code in the instructions’ Appendix C example for a foreign individual with a Form W-8BEN.
What are codes 42 through 49?
Chapter 4 pooled reporting codes, such as 47 (nonparticipating FFI pool) and 48 (U.S. payees pool), used when reporting by pool.
Not tax advice
This page summarizes IRS instructions, mostly written for the people who prepare the form, and is not tax, legal or financial advice. A CPA, an enrolled agent or a payroll professional can confirm what a line or code means for your filing. Everything runs in your browser; nothing you enter is sent anywhere.