W-8 forms are completed by foreign individuals or entities who do not have U.S. citizenship or residency, but who have worked in the United States or earned income in the United States. W-8BEN, or Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals), is a form completed by non-resident aliens (NRAs) to allow the IRS to collect their tax information. This information is used to determine their status and, therefore, the amount of tax they may or may not owe in the United States. In total, there are five W-8 forms. The other three are: Foreign individuals or companies earning income in the United States must pay a 30% tax on certain types of income. Form W-8 collects information about who the person or business is, where they come from, and what types of income are generated. Here you must confirm with your signature under penalty of perjury that everything on the form is true and correct. Unauthorized attempts to upload information and/or alter information to any portion of this website are strictly prohibited and liable to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. §§ 1001 and 1030). Only outside the U.S. People must use Form W-8BEN. U.S.
individuals file Forms W-9, W-4 and others. If you are not a resident of the country of your citizenship, you must enter your country of residence (instead of your country of which you are a national). If you have dual citizenship, you must enter the country where you are both resident and citizen on the day you fill out the form. If you are a U.S. citizen (with or without citizenship of another country), you do not need to complete Form W-8BEN. The W-8 series of forms is quite complex. Although they need basic information such as name, country of origin and tax identification number (TIN), they also ask for the contacts from whom the registrant receives the declared income. A professional is often consulted to complete them.
UW only accepts current versions of Internal Revenue Service (IRS) or Wisconsin Department of Revenue forms. These can be found on the IRS website at IRS Forms and the Wisconsin Department of Revenue at WI DOR Forms. Note that this policy may change as the SEC maintains SEC.gov to ensure that the site works efficiently and remains available to all users. Form W-8BEN-E is also titled “Certificate of Foreign Beneficial Ownership Status for U.S. Tax Withholding and Reporting,” but it is filed by foreign corporations, not individuals. In addition, the W-8BEN is a document required for the preparation of non-U.S. documents. Source withholding of income payments to a non-resident alien (NRA), which are payments when the services provided are (1) provided by a non-resident alien (NRA) and (2) provided outside the United States. Learn more about non-U.S.
countries Income Payment Deductions Please refer to outside the United States. Source Deduction (payments to non-resident aliens for work performed outside the United States) Disclaimer: This information does not constitute legal or tax advice and is provided for informational purposes only. You should consult your lawyer or tax advisor for legal and/or tax advice related to your particular situation. Only your lawyer or tax advisor can assure you that this information – and your interpretation of it – is applicable or appropriate to your specific situation. Any liability in connection with actions taken or not taken on the basis of this information is expressly excluded. All content is provided “as is” and Velocity Global makes no representations or warranties regarding such information. The version of the form used depends on both whether the applicant is an individual or a business, and the type of income they received. The forms shall be valid for the year in which they are signed and for the following three calendar years.
Therefore, a W-8BEN, which was launched on 1. September 2021, valid until 31 December 2024. For a complete list of persons or entities required to complete the form, see the IRS instructions for Form W-8IMY. Copies of retention declarations and other documentary evidence must be attached to the form when submitted. W-9 forms are also IRS forms used to provide or confirm a person`s name, address, and tax identification number (TIN). W-9 forms are only required for U.S. citizens or resident aliens or U.S. businesses. While paying an international workforce can be complicated, working with a global partner simplifies the process.
Velocity Global`s comprehensive suite of solutions, cloud-based technology, and personalized expertise connect employers with talent around the world. Retain and manage and pay for your distributed workforce with Velocity Global`s global work platform, including cross-border payroll, payments from international employers, contractors, and more. By using this website, you consent to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts, upload or modify information, or otherwise cause damage, including attempts to deny service to users. Form W-8BEN is used by foreign persons who receive income from U.S. sources. People file Form W-8BEN, not the United States.