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W8 Reason Codes. Reason. Code. Reason. Description. 10. Achievement. Achievement problems (low achievement, low motivation, low interest). 20.
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What is w8 reason codes?
The W-8 Reason Codes are used by non-resident aliens or foreign entities to disclose the reason they are claiming a reduced rate of, or exemption from, U.S. tax withholding.
Who is required to file w8 reason codes?
Non-resident aliens or foreign entities receiving income from U.S. sources are required to file W-8 Reason Codes.
How to fill out w8 reason codes?
W-8 Reason Codes can be filled out by providing the appropriate reason code on the W-8BEN form or other relevant tax forms.
What is the purpose of w8 reason codes?
The purpose of W-8 Reason Codes is to provide the IRS with information on why a non-resident alien or foreign entity is claiming a reduced rate of, or exemption from, U.S. tax withholding.
What information must be reported on w8 reason codes?
The W-8 Reason Codes require the disclosure of the specific reason for claiming a reduced rate of, or exemption from, U.S. tax withholding.
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