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This form is used by foreign intermediaries, foreign flow-through entities, or certain U.S. branches to certify that they meet the requirements for withholding tax purposes and for reporting income

How to fill out w-8imy

How to fill out W-8IMY

1. Obtain Form W-8IMY from the IRS website.
2. Fill in the name of the intermediary or qualified beneficial owner.
3. Provide the country of incorporation or organization.
4. Indicate the entity type (e.g., partnership, corporation).
5. Enter the foreign tax identification number, if applicable.
6. Complete the certification part, ensuring that the information is accurate.
7. Sign and date the form, including your title if applicable.
8. Submit the completed form to the withholding agent or financial institution.

Who needs W-8IMY?

1. Foreign intermediaries or entities that receive U.S. source income on behalf of others.
2. Partnerships, corporations, or entities that want to claim a reduced withholding tax rate or an exemption.

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?

Form W-8IMY is a U.S. tax form used by foreign intermediaries, foreign flow-through entities, and certain U.S. branches to certify their status regarding U.S. tax withholding and to claim any applicable benefits under a tax treaty.

Who is required to file W-8IMY?

Foreign intermediaries, foreign partnerships, foreign corporations, and certain U.S. branches that receive income on behalf of others must file Form W-8IMY.

How to fill out W-8IMY?

To fill out Form W-8IMY, the entity must provide its name, country of incorporation, tax identification number (if applicable), and indicate the type of entity and its withholding agent status. Additionally, it must list the beneficiaries it is acting on behalf of and provide any necessary documentation.

What is the purpose of W-8IMY?

The purpose of Form W-8IMY is to ensure that the correct amount of U.S. tax withholding is applied to income paid to foreign entities and to claim any exemptions or reductions in withholding tax rates that may apply.

What information must be reported on W-8IMY?

Information reported on Form W-8IMY includes the entity's name, country, type of entity, tax identification number (if applicable), and details of the income recipients or beneficiaries for whom they are collecting or receiving income.