Questions

Who needs to fill out a W-8 form?

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Who needs to fill out a W-8 form?

W-8 forms are filled out by foreign individuals or entities that lack U.S. citizenship or residency, but have worked in the U.S. or earned income in the U.S. A U.S. resident or resident alien will never have to complete a W-8 form.

When should I fill out a W8 form?

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.

Do I need Itin for W 8BEN?

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A Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, provided to claim treaty benefits does not need a U.S. TIN if the foreign beneficial owner is claiming the benefits on income from marketable securities.

What is W8 form used for?

Form W8-BEN, Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding, is used by a foreign person to establish both foreign status and beneficial ownership, and to claim income tax treaty benefits with respect to income other than compensation for personal services.

Is a W8 required?

All non-US persons and entities are required to complete an IRS Form W-8 to certify your country of tax residence and to establish whether you qualify for a reduced rate of withholding when opening an account. W-8 Forms are not provided to the IRS.

What is the difference between W8 and W9?

Form W-9 is to be filled out by US workers that have a SSN or TIN, while W-8 forms are filled out by foreign individuals and non-resident aliens who receive income from US sources.

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What is the difference between w8 and w9?

How do I fill out a W 8?

How Do I Fill Out Form W-8BEN?

  1. Line 1: Enter your name.
  2. Line 2: Enter your citizenship.
  3. Line 3: Enter your mailing address.
  4. Line 5: Enter your U.S. taxpayer identification number.
  5. Line 6: Enter your foreign tax identifying number.
  6. Line 8: Enter your date of birth.

What’s the difference between a W8 and W9 form?

What is W8 or W9 form?

Foreign financial institutions ask you to complete Form W9 to comply with FATCA reporting requirements imposed on them. Form W9 is intended for US persons, as explained in question 2. The equivalent form that applies to non-US persons is W8-BEN (for individuals) and W8-BEN-E (for entities).