A payment to a Foreign Person;. • It is FDAP income; and.Let's take a look at the basics of foreign income reporting and discuss how technology can ensure compliance and minimize tax liability. If you have any doubt about the requirement to withhold, go ahead and do it and use a Form 1042. This form is for general instructions that apply to all corporation tax forms. It includes a variety of topics about how to fill out your form. If you need help completing the Tax Withholding Election form, call us at 888 CalPERS (or 8882257377) so we can assist you. Indiana does not have any one single, comprehensive business license. However, all businesses operating in Indiana are subject to regulatory requirements. Filling Out the Application .