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W-8ben-e purpose Form: What You Should Know

How Do I File Form W-8 BEN-E? The W-8BEN-E is a long and complex tax form, you need a professional to help you complete this form properly.  How Do I Pay Income Taxes as an Employer to my Resident Alien Employees on Form W-8BEN-E? Employees do not normally have to pay U.S. income taxes unless they use services as independent contractors.  If you plan to provide workers' compensation services to employees, you will want to file Form W-8BEN-E to report income by employee. If you plan to provide self-employment services (e.g. as a consultant or as a business owner), you will want to file Form W-8BEN to report income by self-employed individual or business owner. How do I Pay Income Taxes on my Resident Alien Employees on Form W-8BEN-E? If you plan to pay income taxes on wages for your resident aliens employees on Form W-8BEN-E, you must file a Form 1040, line 37, Part I, and Form 1040, line 38, Part II, with Schedule SE of your tax return. If Form W-8BEN-E is the last time you report employees on your tax return, the tax must be reported on Form 1040, Part II, line 41. How Do I Enter Foreign Income on Schedule SE When the Foreign Subtracts from U.S. Income and Wages? The tax rate for foreign income for purposes of the foreign income exclusion and deduction, and the foreign housing exclusion, is 13.8%. To determine whether to deduct or exclude foreign income, use the following general principles. Foreign Income Exclusion (Form 4040X) The foreign gross income exclusion for taxpayers must be claimed on their U.S. tax return in connection to income from sources within the foreign country. The foreign gross income exclusion for the U.S. tax return is reduced by the foreign withholding exemption (Form 1040-A). Foreign Income Exclusion (Form 4040) If you are using Form 1040, line 38, in connection to income from sources within the foreign country, any net gain is treated as U.S. income and is taxed. The exclusion is a tax deduction.

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