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This form is used to certify the status of foreign intermediaries and certain U.S. branches regarding withholding tax in the United States. It outlines the conditions under which this certification
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How to fill out w-8imy

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How to fill out W-8IMY

01
Identify the entity or individual that is completing the W-8IMY form.
02
Enter the name of the beneficial owner in Part I.
03
Fill in the country of incorporation or organization in Part I.
04
Provide the entity's address in Part I.
05
Check the appropriate box in Part II that describes your status (e.g., partnership, corporation).
06
If applicable, provide the reference number in Part III.
07
Complete the certification section in Part IV, ensuring you adhere to US tax regulations.
08
Sign and date the form to validate the information provided.

Who needs W-8IMY?

01
Foreign entities that receive certain types of income from U.S. sources need to fill out Form W-8IMY.
02
Intermediaries, such as partnerships or limited liability companies, must complete this form when they are receiving payments on behalf of foreign beneficial owners.
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You must give Form W-8 ECI to the withholding agent or payer if you are a foreign person and you are the beneficial owner of U.S. source income that is (or is deemed to be) effectively connected with the conduct of a trade or business within the United States.
The W-8BEN is a tax document for non-US taxpayers who earn US-sourced income, such as interest on a savings account. It determines how much of your earned income, if any, should be withheld by the IRS.
Form W-8IMY is the "Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting." The purpose of the form is to certify that a person or business received withholdable payments on behalf of a foreigner or as a flow-through entity.
Generally, a Form W-8IMY remains valid until the status of the person whose name is on the certificate is changed in a way relevant to the certificate or there is a change in circumstances that makes the information on the certificate no longer correct.
For example, if you're a non–resident who earns interest from U.S.-issued securities, you will need to file a W-8BEN. If you're a foreign business owner with income from entities based in the U.S., you'll complete Form W-8BEN-E.
Form W-8 BEN-E is used by foreign entities to document their status for purposes of chapter 3 and chapter 4, as well as other code provisions.
You must give Form W-8BEN to the withholding agent or payer if you are a nonresident alien who is the beneficial owner of an amount subject to withholding, or if you are an account holder of an FFI documenting yourself as a nonresident alien.
Who Must Provide Form W-8BEN-E. You must give Form W-8BEN-E to the withholding agent or payer if you are a foreign entity receiving a withholdable payment from a withholding agent, receiving a payment subject to chapter 3 withholding, or if you are an entity maintaining an account with an FFI requesting this form.

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W-8IMY is a form used by foreign intermediaries, foreign partnerships, and certain U.S. branches to certify their foreign status and claim beneficial ownership of income to avoid backup withholding.
Foreign intermediaries, foreign partnerships, and certain U.S. branches that receive U.S. source income on behalf of others are required to file W-8IMY.
To fill out W-8IMY, provide the name of the entity, country of incorporation, type of entity, and details about the beneficial owners. It's important to follow the instructions provided by the IRS for each section.
The purpose of W-8IMY is to establish the status of the entity as a foreign intermediary and to claim reduced withholding rates on behalf of its beneficial owners.
W-8IMY must report the name of the intermediary, country of incorporation, type of entity, and provide information about all beneficial owners, including their names, addresses, and taxpayer identification numbers.
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