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Form W-8 online DE: What You Should Know
The W-8BEN form is used for foreign individuals who live outside the United States and have ownership interests in foreign corporations, partnerships, etc. The “nonresident alien” has no income or estate tax liability within the United States. Individuals residing in other countries are subject to tax on certain U.S. source profits, and foreign owners of U.S. assets have to report capital gains to the United States on their returns. The purpose of the W-8BEN form is to provide a means of verifying nonresident aliens' withholding. The W-8BEN form is used to determine the foreign withholding. If you are a nonresident alien, follow the instructions of this form to claim and report any U.S. federal, state or local tax withholding on eligible income. A W-8BEN form also indicates whether the country/place where you are residing is considered a “foreign country” under international tax treaties. The IRS website also has additional information about filing the W-8BEN with the IRS. How to Do the W-8BEN If you have questions or require additional information related to the W-8 BEN, click here. Form W-8 BEN is issued by the IRS in the W-8BEN application form. Note that the W-8BEN application form is also known as IRS Form W-8, Certificate of Foreign Status of. The W-8BEN is an electronic document, and it cannot be faxed. You need to download your W-8BEN form from the IRS website and then print it out and hand it in to the IRS. However, you DO HAVE to hand in your tax return form for an extension, as the IRS will require a copy of the W-8BEN from you. The W-8BEN is a 10-digit number that is required on any United States income tax return you file on Form 1040, U.S. individual income tax return. The W-8BEN number is assigned by the IRS. The W-8BEN number can be used by the United States of America, any country located within the United States, and many foreign countries. The W-8BEN can be used to indicate foreign residence for purposes of applying foreign tax laws where United States foreign income tax law does not apply. You may have received a W-8BEN from the IRS.
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