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 is my W-8BEN tax information?

A W-8BEN form is a tax document used to certify that your country of residence for tax purposes is outside of the United States. It is required because of an intergovernmental agreement between Canada and the U.S. which obligates Canadian Financial Institutions to provide this information.

What is IRS Form W-8BEN E used for?

The W-8BEN-E is an IRS mandated form to collect correct Nonresident Alien (NRA) taxpayer information for entities for reporting purposes and to document their status for tax reporting purpose.

What is IRS form W 8BEN E used for?

What is IRS Form W 8BEN E used for?

What do you need to know about Form W-8 Ben?

About Form W-8 BEN, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities) Give Form W-8 BEN to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding.

How does the form w8ben reduce tax withholding?

Reduced Tax Withholding With the Form W8BEN. A foreign person earning income in the US can have the 30% withholding rate reduced based on any applicable tax treaty for the foreign payee – the foreign individual who is receiving the income.

Do you have to file Form w8ben if you are a foreign taxpayer?

Instead, foreign individuals must complete a form in the Form W-8BEN series, such as Form W-8BEN. US taxpayers use Form W-9 to file theirs. Form W-8BEN is also considered if Form 8833 must be filed. The payor of the earned income is informed of the filing status of the individual when they have a W-8BEN on file.

What do I need to know about taxes and the W-8?

Shutterstock is required to maintain up-to-date tax information about its contributors on behalf of the U.S. Internal Revenue Service. While Shutterstock cannot give you personal tax advice, we have prepared the FAQ below to help you understand what you need to do next. What do I need to know about taxes and the W-8 Form?