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This document provides guidance on the use of Form W-8IMY in the context of U.S. tax withholding and reporting for foreign intermediaries and flow-through entities, including specific details regarding

How to fill out w-8imy

How to fill out W-8IMY

1. Obtain the W-8IMY form from the IRS website or your financial institution.
2. Fill in your name in the appropriate field.
3. Provide the name of the entity for which you are submitting the form, if applicable.
4. Enter the country of your residence in the specified section.
5. Include your permanent address and mailing address, if different.
6. Identify the type of income or payments subject to withholding.
7. Complete the relevant sections for foreign entities, if applicable.
8. Sign and date the form to certify its accuracy.

Who needs W-8IMY?

1. Foreign intermediaries, such as banks or brokers, receiving U.S. source income on behalf of others.
2. Disregarded entities that are foreign.
3. Certain foreign partnerships and simple trusts that need to certify status for withholding.
4. Foreign governments and international organizations that receive certain types of income.

People Also Ask about

Who fills out w-8eci?

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.

What is W-8BEN for non-U.S. individuals?

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.

What is form w-8IMY?

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.

How long is W-8IMY valid for?

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.

What is the difference between w8ben and w8bene?

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.

What is the W8BEN E form used for?

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.

Who should fill out a W8BEN form?

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 needs to fill out W-8BEN E?

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.

For pdfFiller’s FAQs

What is W-8IMY?

W-8IMY is a tax form used by foreign intermediaries, flow-through entities, and certain U.S. branches to certify their foreign status and claim tax treaty benefits on income received from U.S. sources.

Who is required to file W-8IMY?

Foreign intermediaries, including foreign partnerships, foreign corporations, and certain U.S. branches that receive U.S. source income on behalf of another party, are required to file W-8IMY.

How to fill out W-8IMY?

To fill out W-8IMY, the filer must provide their name, country of incorporation, address, and relevant U.S. taxpayer identification number (if applicable), along with any other necessary information regarding the income they are receiving and the entities on whose behalf they are receiving it.

What is the purpose of W-8IMY?

The purpose of W-8IMY is to establish the foreign status of the entity filing the form, allowing them to claim benefits under an applicable tax treaty and ensure the correct withholding tax rate is applied to the income received.

What information must be reported on W-8IMY?

The information that must be reported on W-8IMY includes the filer's name, entity type, country of incorporation, address, U.S. taxpayer identification number (if applicable), and specific details regarding the income received and the entity on behalf of whom the income is received.