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Webinar Seminar presented by Indiana Bankers Association Partnering with Total Training Alert! New W8BEN, W8BENE and W9 Thursday, December 18, 2014 2:30 p.m. 4:30 p.m. Eastern Time Program Content
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How to fill out new W8BEN, W8BENE, and who needs them?

W8BEN:

01
The W8BEN form is used by non-U.S. individuals or entities who are earning income from a U.S. source.
02
To fill out the form, you will need to provide your personal information such as your name, address, country of residence, and taxpayer identification number (TIN).
03
Indicate the type of income you will receive and whether you are claiming a treaty benefit.
04
Sign and date the form before submitting it to the appropriate entity.

W8BENE:

01
The W8BENE form is used by foreign entities claiming beneficial ownership of U.S. income under a tax treaty.
02
Similar to W8BEN, you will need to provide your entity's information, such as the name, address, country of organization, and TIN.
03
Fill in the details about the income you will receive and the pertinent tax treaty article that allows you to claim a reduced withholding rate.
04
Ensure the form is signed and dated by an authorized person within the entity.

Who needs new W8BEN and W8BENE?

01
Non-U.S. individuals or entities who receive income from a U.S. source need to fill out the appropriate form.
02
Foreign individuals who have investments or earn income in the United States, such as rental income or royalties, should use the W8BEN form.
03
Foreign business entities, partnerships, corporations, or government organizations eligible for treaty benefits should use the W8BENE form.
Remember that these forms are used to certify your foreign status to the U.S. payor and claim any applicable tax treaty benefits. It is essential to understand the requirements and provide accurate information to ensure compliance with tax regulations. Consulting with a tax professional or seeking guidance from the Internal Revenue Service (IRS) can provide further assistance in filling out these forms correctly.
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The new W-8BEN and W-8BEN-E forms are used for tax purposes by non-U.S. entities or individuals who receive income from U.S. sources. These forms help establish the foreign status of the recipient for tax withholding purposes.
Non-U.S. entities or individuals who receive income from U.S. sources are required to file the new W-8BEN and W-8BEN-E forms.
To fill out the new W-8BEN and W-8BEN-E forms, the recipient must provide their personal information, foreign tax identification number, and certify their foreign status. The form must be signed and dated.
The purpose of the new W-8BEN and W-8BEN-E forms is to establish the foreign status of the recipient and claim a reduced rate of withholding tax under an income tax treaty.
The new W-8BEN and W-8BEN-E forms require the recipient to report their personal information, including name, address, and country of residence, as well as their foreign tax identification number.
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