IRS W-8BEN 2014 free printable template

Entities must use Form W-8BEN-E. Information about Form W-8BEN and its separate instructions is at www.irs.gov/formw8ben. Give this form to the withholding agent or payer. Do not send to the IRS. Do NOT use this form if You are NOT an individual Instead use Form. W-8BEN-E You are a beneficial owner claiming that income is effectively connected with the conduct of trade or business within the U.S. other than personal services. Form W-8BEN Certificate of Foreign Status of Beneficial Owner for...

How to fill out IRS W-8BEN

How to fill out IRS W-8BEN

1. Obtain the IRS W-8BEN form from the IRS website or a tax professional.
2. Fill in your name in Part I, line 1.
3. Enter your country of citizenship in line 2.
4. Provide your permanent address in line 3, including city, country, and postal code.
5. Optionally, fill in a mailing address in line 4 if different from your permanent address.
6. Complete line 5 with your U.S. taxpayer identification number (if applicable) or foreign tax identifying number.
7. Indicate your claim for tax treaty benefits in Part II by completing lines 6 through 11 as needed.
8. Sign the form in Part III, certifying that the information provided is accurate.
9. Date the form and provide your capacity if you're signing on behalf of someone else.
10. Submit the completed form to the withholding agent or financial institution.

Who needs IRS W-8BEN?

1. Non-U.S. persons receiving income from U.S. sources, such as royalties, interest, or dividends.
2. Foreign individuals or entities that are not U.S. citizens or residents.
3. Individuals claiming tax treaty benefits to reduce withholding rates on certain types of income.
4. Anyone who is asked by a U.S. bank or financial institution to provide proof of foreign status.

• Who Fills out Form W-8BEN?
• Is Form W-8BEN Accompanied by any other Documents?
• When is Form W-8BEN Due?
• • How do I Fill out Form W-8BEN?
  • Where do I file Form W-8BEN?

Who Fills out Form W-8BEN?

This US Internal Revenue Service form is fully called the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). It must be filled out by foreign individuals for documenting their foreign status and claiming any applicable treaty benefits for the purposes described in chapter 3. Yet, it must be mentioned that the form is applicable only in case a tax treaty between the foreigner’s country of origin and the United Stated has been signed. A tax treaty guarantees a reduced rate or exemption from withholding of all or certain items of income if the (payer) of the income is properly notified.

Is Form W-8BEN Accompanied by any other Documents?

So far as the form is filled out when a withholding agent asks the foreign individual about it, the accompanying documents can be requested at their discretion. Typically, form W-8BEN is submitted along with form W-8 (Certificate of Foreign Status).

When is Form W-8BEN Due?

As it has been mentioned, the form is filled out only upon request, which is always made prior to the payment.

How do I Fill out Form W-8BEN?

The IRS provides comprehensive instructions on filling out the form at their website that can be referred to in case you face any difficulties with the fillable document.

In any case, the one-page form is very straightforward and asks for the following details:

• Personal information about the owner (name, citizenship, residence address, SSN or ITIN, DOB, etc.);
• Claim of tax treaty benefits;
• Certification (the date, name and signature of the beneficial owner).

Where do I file Form W-8BEN?

The filled out document must be directed to the requestor of the form.

Instructions and Help about IRS W-8BEN

Today we're going to talk about IRS Form w8 then certificate of foreign status of beneficial owner for United States withholding and reporting for individuals the primary purpose of Form w8 been is to establish that an individual is a foreign person that is not an u.s. person it is a relatively short form only one-page long, although the primary purpose of the form is to certify the foreign status of the individual the form can also be used to claim treaty benefits in part to w8 Ben should only be used for individuals and not for entities must fill out w8 Ben II as shown here and as shown here the term beneficial owner essentially means the owner of the income being received and that that person is not a nominee or an intermediary the terminology can get a little confusing because the person making the payment usually has a deductible expense and does not have income however it is income to the foreign recipient or the foreign beneficial owner the U.S. imposes a 30 percent withholding tax on certain types of payments of US sourced income to foreign persons the mayor of the income is obligated to withhold u.s. tax unless an exception applies the mayor is referred to as a withholding agent because the mayor may need to withhold u.s. tax the typical types of income that are subject to the withholding tax include dividends interest rents royalties and compensation for services however it is important to remember that it is only us source income that is subject to the 30% withholding tax in particular with regard to services if the payment is being made for services that take place entirely outside the US then the income is not considered us source income and the 30% withholding tax simply does not apply however it gets much more complicated if any of the services are performed in the US these withholding rules can get a little tricky however because you may be making a payment to an individual outside the US that happens to be a US citizen for payments to u.s. citizens you are typically required to send them a 1099 reporting the payment to the IRS in that case you ask the recipient for a form w-9 and forum w8 and then on the form w-9 they certify that they are an u.s. person, and they provide their US taxpayer identification number so that you can file the form 1099 payments to US persons can be subject to a 28 percent backup withholding if they don't provide their US taxpayer identification numbers, so it is important to understand that payments to US persons and payments to non-us persons can both be subject to potential withholding tax so how do you determine if an individual is a foreign person well you ask them to fill out a form w8 Ben where they sign certifying at the bottom they certify that they are not a US person if a person files form w8 Ben's certifying that they're not a US person and the circumstances change than the beneficial owner needs to notify the withholding agent within 30 days of the change in circumstances for example if the...

What is w 8ben form fillable?

The W8-BEN Form, also called the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding & Reporting, is a form required by the IRS, similar to the W9 form that employees and subcontractors in the United States must submit to employers.

People Also Ask about

Who needs to fill out a w8ben form?

Form W-8BEN is required to be filed with withholding agents, payers, and FFIs by non-resident alien individuals who may be subject to withholding of U.S. taxes at a 30% tax rate on payment amounts received from U.S. sources, regardless of their ability to claim a withholding exemption.

Who issues a W8 form?

A W-8 form allows non-US individuals and businesses to confirm they are not US taxpayers. A W-8 form from the US Internal Revenue Service (IRS) allows non-US individuals and businesses to confirm they are not a US taxpayer.

What is IRS form W-8BEN-E 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.

Can a US citizen fill out a W8?

Form W8, W 8BEN, or W8 form is used by non-resident aliens who do work and/or make income in the U.S. or by foreign business entities who make income in the U.S. If you're a legal citizen of the United States, at no point will you have to worry about filling out the form.

Who needs to fill out form W 8BEN?

Form W-8BEN is required to be filed with withholding agents, payers, and FFIs by non-resident alien individuals who may be subject to withholding of U.S. taxes at a 30% tax rate on payment amounts received from U.S. sources, regardless of their ability to claim a withholding exemption.

What is the difference between IRS form W 8BEN and W-8BEN-E?

Form W-8BEN is used by foreign individuals who receive nonbusiness income in the U.S., whereas W-8BEN-E is used by foreign entities who receive this type of income.

What is a W 8BEN form used for?

What is the W-8BEN and what is its purpose? The W-8BEN is an Internal Revenue Service (IRS) mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purposes.

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What is IRS W-8BEN?

IRS W-8BEN is a form used by non-U.S. persons to certify their foreign status for purposes of withholding tax on income received from U.S. sources.

Who is required to file IRS W-8BEN?

Non-U.S. persons and entities receiving certain types of income from U.S. sources are required to file IRS W-8BEN to avoid excess withholding taxes.

How to fill out IRS W-8BEN?

To fill out IRS W-8BEN, provide your name, country of citizenship, permanent address, mailing address (if different), and any applicable taxpayer identification number, and then sign and date the form.

What is the purpose of IRS W-8BEN?

The purpose of IRS W-8BEN is to confirm the foreign status of the individual or entity and to claim any applicable benefits under tax treaties between the U.S. and the person's country of residence.

What information must be reported on IRS W-8BEN?

The information that must be reported on IRS W-8BEN includes personal identification details such as name, country of citizenship, address, taxpayer identification number, and signature.