Who should fill out a W8 form?
Who Can File W-8 Forms? 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.
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.
Who is considered a foreign partner?
A foreign partner is anyone who is not considered a U.S. person. This includes nonresident aliens, foreign corporations, foreign partnerships, and foreign trusts or estates.
What is UK foreign tax identification number?
United Kingdom For most individuals in the UK the TIN will be their National Insurance Number.
What is a W-8 Ben form?
About Form W-8 BEN, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities) Give this form to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding.
What do a withholding agent need to know about Form W-8?
A withholding agent should also reference the applicable regulations under chapters 3 and 4 and the instructions for each Form W-8 listed below. Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals).
Do I need a W-8BEN for multiple types of income?
If you receive more than one type of income from a single withholding agent for which you claim different benefits, the withholding agent may, at its option, require you to submit a Form W-8BEN for each different type of income. Generally, a separate Form W-8BEN must be given to each withholding agent.
What is the backup withholding rate on form W-8BEN?
You may also be required to submit Form W-8BEN to claim an exception from domestic information reporting and backup withholding (at the backup withholding rate under section 3406) for certain types of income that are not subject to foreign-person withholding at a rate of 30% under section 1441.