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Who needs W-8 Form: What You Should Know

Form W-8BEN Form W8BEN in detail — The Motley Fool Aug 20, 2023 — A Form W-8BEN-E is submitted by a foreign entity which shows foreign individuals or entities who are not U.S. citizens. The purpose of the form is to  In this article we will tell you how you can fill out your W-8BEN and Form W8BEN-e and why you should. The W-8BEN is an American citizenship or foreign residency document used by non-U.S. citizens that is filed by a non-American on a U.S. taxpayer.  It is used for tax purposes but not for immigration purposes. It can be used by a U.S. business, a non-member of the U.S. diplomatic corps, U.S. military personnel,  residents of a U.S. territory, or for foreign travel.  Who  Filling out Form W-8BEN is a legal requirement, and you need to know about it. There are only a few reasons to be required to fill out this form: a. If you are a U.S. citizen who did not earn income in the U.S. b. If a citizen has traveled to or received income from the State(s) from which the U.S. person is filing. c. If a non-U.S. citizen or foreign business entity has to file Form W-8BEN-E to show that it is actually a foreign entity. To summarize: If you are a resident of California, it's mandatory that you have to fill out this form. You do not need to fill out this form if you are not a U.S. citizen. If you are a resident of a U.S. territory you do not have to fill out this form, and you can skip to Part II,  What is Form W-8BEN? The 1040 Form: Who You Need to File It To Go Over The Line | The Motley Fool May 25, 2023 — Form W-8BEN-e is filed by a foreign entity which shows foreign individuals or entities who are not U.S. citizens.

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FAQ - Who needs Form W-8

Which of the following W-8 Forms is needed?
We need more specifics about the structure. If you have a multimember LLC andone of the members is a nonUS individual but the others are US individualsthen by default you have a US partnership and all income generated by thatpartnership is US taxable income. Treaty benefits would not apply.If you have elected for the LLC to be taxed as a corporation then thecorporation is a US corporation and all income is US taxable income. Thecorporation files its own tax return separate from the owners. If the nonresident owner receives dividends then those dividends are taxed in the US ata flat 30 unless a lower rates applies due to a tax treaty.If you mean that the LLC has one single owner and that owner is a nonresident then the answer depends on the nature of how the business isoperated. If the single owner lives in a country that has a tax treaty withthe US then within that treaty there is most likely a definition of permanentbusiness establishment that determines if the income from the LLC is UStaxable or taxable in the single owneru2019s home country. That also determineswhich W8 form to complete.All of that and we have only covered US federal income tax. We have not evenbegun to consider other taxes such as state level sales tax if you are sellingtangible goods to US based customers.My suggestion is you have a conversation with a US tax professional who canconsider all the specifics of your situation.
In the Quora Anthology Collection, what category are you in, what volume areyou in and what page/s are you on?
Yay I am now a published author in a limitededition book collection OK Iadmit that its actually two pages only. In a collection of hundreds. But justa few months ago I had zero pages published. Thats like many percent more.So please check out the Quora Anthology 2023 Volume Three Life pages 5354for Lorenzo Peronis answer to What are the best science fiction movies foreach decade starting in the 1920s through the 2023. Pretty cool. Im less happy however about what was published. For one I am not convincedthat the answer is representative of my best writing but thats the editorschoice of course. Still Im saddened to see that my answer was substantiallymodified by that same editorial team. And by that I dont only mean themissing formatting apparently noone was entitled to bulleted lists but themissing content. Sometimes its just words or sentences that are gonesometimes whole paragraphs. Ill leave it up to the reader to decide which version is better but I ampretty sure which version is more me. Yeah topwriterproblems I know. Iam actually included right And they spelled my name correctly. But why nameme a Top Writer if they were going to change my writing I wonder did this happen to anyone else
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