Online IRS Form W-8 in PDF 2017-2022

It depends on your circumstances. You will probably have a form W8 BEN (for individuals/natural persons) or a form W8 BEN E (for corporations or other businesses that are not natural persons). Does your country have a double tax convention with the USA? Check here United States Income Tax Treaties A to Does your income from Amazon relate to a business activity and does it specifically not include Dividends, Interest, Royalties, Licensing Fees, Fees in return for use of a technology, rental of property or offshore oil exploration? Is all the work carried out to earn this income done outside the US, do you have no employees, assets or offices located in the US that contributed to earning this income? Were you resident in your home country in the year that you earned this income and not resident in the US?Are you registered to pay tax on your business profits in your home country? If you meet these criteria you will probably be looking to claim that the income is taxable at zero % withholding tax under article 7 of your tax treaty as the income type is business profits arises solely from business activity carried out in your home country.

How do they know to request a W-8 instead of a W-9? Are you Foreign? Assuming you need to submit a W-8 instead of a W-9, here are the questions to guide your W-8 decision. Do you have other members in your LLC? If you are the only member, a Single Member LLC is a Disregarded Entity taxed on your personal tax return. So you would submit the W-8BEN. If you have other members, are you subject to the default status or have you elected corporate status? If you are subject to the default status, your LLC is taxed as a partnership so submit the W-8IMYIf you elected Corporate status, submit the W-8BEN-E.https://www.irs.gov/pub/irs-pdf/... Other great answers here. Especially good advice from Carl and Mark, get to a CPA.

A payer of a reportable payment may treat a payee as foreign if the payer receives an applicable Form W-8 from the payee. Pr this Form W-8BEN to the requestor if you are a foreign individual that is a participating payee receiving payments in settlement of payment card transactions that are not effectively connected with a U.S. trade or business of the payee. As stated by Mr. Ivanov below, Since Jordan is not one of the countries listed as a tax treaty country, it appears that you would only complete Part I of the Form W-8BEN, Sign your name and date the Certification in Part III.http://www.irs.gov/pub/irs-pdf/i... Hope this is helpful.

No you do not….and they will probably laugh at you like they laughed at me because W-9s and such documentation reflect U.S. employment and tax laws, and the foreign company you are working for is unlikely to feel compelled to be bound to U.S. laws and its documentation requirements. As it is relevant to this discussion I will mention that I have had foreign earned income for 20 of the past 24 years, none of which was documented with a W-9, or anything else U.S. tax-like from the foreign employer for that matter. You may have to declare you made the income depending on your citizenship and U.S. Residence status. However, here is the complication: A tax preparer who cannot verify your sources of income may not accept your personal declaration of income. In essence, you might have to prove you made this money through honest foreign employment. Why would someone “fake” that they made foreign money? Lots and lots of reasons, but that’s not your question (smile). If you cannot prove you made the money lawfully, and you cannot convince your tax accountant of this, you might not be able to get your income included in your tax return. What’s the problem? Try making $250,000 a year, take all the IRS foreign income credit exclusions ($175,000 worth) and then have a U.S. bank say you can’t qualify for a U.S. mortgage because your tax returns do not show sufficient income. Gasp!FYI • after 7 years of being an expat with significant foreign earned income and no U.S. accountant willing to do my returns for a reasonable price (under $3K), I decided to learn all the regulations myself. It's been enormously helpful since I did (where helpful means, paying federal taxes in the single digits because of the massive number of allowances) and the options for structuring one’s foreign compensation such that many of the added costs are treated as tax-free. Good luck.Peter, a 20+ years, 59 country former expats.

As long as you've been flagged by a Foreign Financial Institution and this organization approaches you with questions or a W-8/W-8-BEN/W-8-BEN-E/W-9 form to fill out, you can Providence of the correct situation regarding U.S. income taxation.

Based on the facts as you have presented them:You are selling a product, as I see it, and not a service • although there's something of a gray area here, this is more like an intangible asset than it is providing a personal service for compensation. That product is being offered to US-based customers who are using it in the US • your focus is building up your market in the US, and you are doing that under the auspices of an LLC which is US-based. Looking at all the facts and circumstances surrounding the conduct of your business, as you have presented them and as the IRS will look at them if asked, I conclude that you are conducting a business in the US and your income from US sources is effectively connected with the conduct of that business in the US, which means that you are subject to US taxes on that income. With that conclusion, Form W-8ECI is the proper form to pro your US sources if you wish to prevent withholding on the income from your business. I want to add one point, since this seems to be coming up frequently • while an LLC is a disregarded entity for tax purposes, it is still a legal entity in the US • and the fact that you, as a nonresident alien, choose to operate a business under the auspices of a US-based LLC is a piece of evidence that can, under the appropriate set of facts and circumstances, be used by the IRS to support an argument that you are conducting business in the US and that your income from that business that comes from US sources should be taxable in the U.S. You should not assume that as a nonresident alien you have carte blanche to create a US LLC, operate a business under its auspices, and then at tax time argue that the income should not be taxable in the US because the LLC is a disregarded entity. The IRS will look at all the facts and circumstances surrounding your business, including your choice of a US-based entity as the face of your business, and while that decision alone won't be dispositive, it will certainly be considered.

Think of the W-9 as a vehicle between a pay provider or a vendor and an independent contractor. When a W-9 is involved, we typically do not use the terms “employer" or "employee". Rather we use the terms vendor and independent contractor. If you have filled out a W-9, then the person paying for labor sees the worker as an independent contractor, not an employee. In this case you get a 1099-MISC and not a Form W-2 at the end of the year. (People and companies that pay for labor often prefer to pay workers as independent contractors, instead of as employees, because the mayor does not have to pay employment taxes or brother benefits.) If you fail to fill out and prey completed W-9 when one is requested of you, then the person paying for labor is required to hold back part of the pay to the independent contractor (mandatory back up withholding). However, if you have provided a signed W-9 back to the person paying you, then you are correct, the mayor should not be withholding anything (unless you have more than one single status as a worker for this company?) If you have filled out and returned only a W-9 to the person who pays you, and know for sure you have not also filled out a W-4 (to be treated as an employee and later receive a W-2), and you can also produce paycheck stubs that show withholding for Social Security and Medicare, state taxes (FICA, MED, etc.), then you should raise this issue with your tax preparer and ask if you should consider filing a Form SS-8 when you complete your tax return. Better yet, print out and bring a Form SS-8 into work now, and ask to speak with someone in human resources, personnel, or the accounting office at the company about that Form SS-8. An SS-8 form should sufficiently scare the Dejesus out of the company. If some foul play is at work here, the concern over a Form SS-8 will make people sit up and pay attention. If it is something else (like some of your work is as an employee and other more independent projects are paid out to contractors instead of employees, ) then an SS-8 will still be effective... the person paying for labor will go out of their way to then be as clear as possible in explaining their actions. Two final thoughts: 1) Remember, it does not matter what they are doing or not doing, or whether it is legal or questionable. It only matters what you can demonstrate or prove. If you don't get real, live paychecks or at least a stub or advice of deposit that shows withholding, then it will be difficult for you to demonstrate what has or is happening. 2) Sit with a professional tax preparer this coming tax season • and just pay for the service. If you've never seen or filled out a Form SS-8 before, now is not the time to venture it on your own. I can probably figure out how to change the oil in my car by myself. I go to a mechanic for an oil change for a reason.

US broker firms CAN pr service to non-US residents and citizens, it is their business decision whether they are willing to or not. As an example, you can easily open an account online with Interactive Brokers, this is what they require (screenshot taken from their own website):Also, in theory you can do it through a printed application with Trade station (I am about to try this myself). But it is also true that Charles Schwab and trade does not accept non-US customers.I would recommend two brokers that I have live accounts with and mostly positive experience:Interactive Brokers (review). They have very competitive fee structure, and you can access almost every market with them. Oanda (review) if you are trading forex. They have more than 20 years of experience in the currency market, being one of the best in the industry. On a sidenote, the same chaos exists in Europe. You can open an account with the Danish Saxon Bank online in 2-3 days, while you cannot open an account with Hargreaves Landon, the UK's leader broker.

Without having company incorporated or existence there if you are willing to have bank business bank account there its difficultAs like every other country you need to have some required registration to have legal and authenticate bank accountBeing one of the most compliant country, USA too have KYC ( know your customer)/ AML ( Anti Money laundering) law. And to follow that physical presence of account holder is must. You need to be physically present in front of bank official to complete required formalities.Even just being physically present is also not guaranteed to have a confirmed bank account as it also requires certain KYC documents and professional reference to have this done smoothly.We at OCP has helped numerous customers to have this done.“OCP” Overseas Corporate Professional is a multinational organization which is serving for last 18 years in India.“OCP” team is lead by global professionals who makes doing overseas business a reality. They prsolutions to all requirements which arise while doing business. It helps client to run his business smoothly without any worries.They help clients to not only setting up a business overseas but also to ensure to prsupport at all business levels.‘Overseas Corporate Professional (“OCP”)• , an organization specialized in leading business solutions, such as Company formation, Tax Registration and compliance, Banking and Merchant services, E commerce business, Business consulting, Accounting & Taxes, Short & Long term financing, Business acquisition, Employment & Payroll processing, Business web presence overseas etc.For more information you may visit on www.ocpbiz.com, or email at rajiv@uscorporatesolution.com1 ViewUpvotes0Share