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W8 ben e Form: What You Should Know
The W-8BEN-E Form is to be used by nonresident aliens for reporting and withholding tax. If you're an individual the form is to be used for reporting or in lieu of Form W-8BEN-E. The form is to be used to document the beneficial ownership of U.S. properties. The form is to be used to document the beneficial ownership of U.S. properties. The form will be presented in connection with the tax return in the event of an audit, investigation or proceeding. For individuals (business taxpayers) it acts as documentation that your taxpayer identification number (TIN) is U.S. and that your address on your U.S. tax return is located in the United States. Form W-8BEN also serves as identification for the person signing the form. Form W-8BEN-E is not to be used instead of or in place of filing IRS Form 1040 for individuals. It is not to be used instead of or in substitution for filing IRS Form 1040-ES for businesses. What should you do if you receive a W-8BEN-E form? The W-8BEN-E form will be considered proof of your nonresident alien status for purposes of chapter 3, 4, and chapter 11. If you do not receive a W-8BEN-E form you must still file your income tax return using one of the forms on file, or use a completed original W-8BEN-E to obtain these status benefits. It is important to remember, however that even before you receive a W-8BEN-E form your return would still be subject to audit by the IRS. When should I use Form W-8BEN-E, and when should I use one of the forms on file? W-8BEN-E is not to be used when the individual does not live in the United States. It is not to be used when either the income does not relate to a U.S.-based business or does not relate to a U.S. property, but you do not live in the United States. It is not to be used when the individual is not a U.S. resident for tax purposes and, therefore, has a nonresident alien trust, or it is used by a business entity to establish a nonresident alien individual as a representative of an individual who is not a U.S. resident.
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