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What is the W-8BEN Form?

The W-8BEN Form is a US Internal Revenue Service document known as the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). This form is used to collect NRA (Nonresident Alien) taxpayer data for reporting purposes, verify their country of residence, and certify that they can qualify for a lower tax withholding rate. If a person does not submit the record, they will have to pay the total 30% tax rate applicable for all non-US citizens.

Who needs to fill out the W-8BEN form?

Individuals foreign to the US must fill out the IRS form W-8BEN to document their alien status and claim applicable treaty benefits. Note that the document is relevant only when a tax treaty between the foreigner's country of origin and the United States has been signed. A tax treaty guarantees a reduced rate or exemption from withholding of all or particular items of income if the payer of the revenue is properly notified.

If you represent a foreign business entity, use the form W-8BEN-E instead.

What information do you need to file the tax form W-8BEN?

Filling out the IRS template is straightforward, but be sure you have the documents containing the following information:

• Full name
• Country of citizenship
• Complete residence address with a postal code
• Mailing address
• SSN or ITIN, if required
• Foreign tax identification number
• Date of birth.

In Part II, you must provide information if special rates are applicable for you and explain additional conditions to be eligible for the withholding rates. If you are unsure about correct explanations, ask for a specialist's advice.

How do I Fill out the W-8BEN form in 2022?

Follow the instructions on the IRS website or fill out the template online using a professional solution with legally-binding electronic signatures:

1. Click the Get Form button at the top of the page.
2. Select the fillable fields to insert your information.
3. Provide owner's personal information in Part I: name, citizenship, residence address, SSN or ITIN, DOB, etc.
4. Write the claim of tax treaty benefits in Part II.
5. Double-check the correctness of your data before moving to Part III.
6. Click on the Signature field to eSign the document, add the date, and print the signer's name.
7. Select Done to save changes and download or send your file.

Is IRS Form W-8BEN Accompanied by any Other Documents?

So far as the sample is filled out when a withholding agent asks the foreign individual about it, the accompanying documents can be requested at their discretion. Typically, tax form W-8BEN is submitted along with form W-8 (Certificate of Foreign Status).

When is Form W-8BEN Due?

Remember, the template is filled out only upon request, which is always made before the payment.

Where do I send Form W-8BEN?

The completed document must be directed to the requestor, not the Internal Revenue Service.

Today we're going to talk about IRS Form w8 then certificate of foreign status of beneficial owner for United States withholding and reporting for individuals the primary purpose of Form w8 been is to establish that an individual is a foreign person that is not an u.s. person it is a relatively short form only one-page long, although the primary purpose of the form is to certify the foreign status of the individual the form can also be used to claim treaty benefits in part to w8 Ben should only be used for individuals and not for entities must fill out w8 Ben II as shown here and as shown here the term beneficial owner essentially means the owner of the income being received and that that person is not a nominee or an intermediary the terminology can get a little confusing because the person making the payment usually has a deductible expense and does not have income however it is income to the foreign recipient or the foreign beneficial owner the U.S. imposes a 30 percent withholding tax on certain types of payments of US sourced income to foreign persons the mayor of the income is obligated to withhold u.s. tax unless an exception applies the mayor is referred to as a withholding agent because the mayor may need to withhold u.s. tax the typical types of income that are subject to the withholding tax include dividends interest rents royalties and compensation for services however it is important to remember that it is only us source income that is subject to the 30% withholding tax in particular with regard to services if the payment is being made for services that take place entirely outside the US then the income is not considered us source income and the 30% withholding tax simply does not apply however it gets much more complicated if any of the services are performed in the US these withholding rules can get a little tricky however because you may be making a payment to an individual outside the US that happens to be a US citizen for payments to u.s. citizens you are typically required to send them a 1099 reporting the payment to the IRS in that case you ask the recipient for a form w-9 and forum w8 and then on the form w-9 they certify that they are an u.s. person, and they provide their US taxpayer identification number so that you can file the form 1099 payments to US persons can be subject to a 28 percent backup withholding if they don't provide their US taxpayer identification numbers, so it is important to understand that payments to US persons and payments to non-us persons can both be subject to potential withholding tax so how do you determine if an individual is a foreign person well you ask them to fill out a form w8 Ben where they sign certifying at the bottom they certify that they are not a US person if a person files form w8 Ben's certifying that they're not a US person and the circumstances change than the beneficial owner needs to notify the withholding agent within 30 days of the change in circumstances for example if the...