W-8

(redirected from Form W-8)

W-8

Certificate of Foreign Status form required by the IRS to tell the payer, transfer agent, broker or other middleman that an employee is a nonresident alien or foreign entity that is not subject to U.S. tax reporting or backup withholding rules.

W-8

A form that must be filed with the IRS guaranteeing that a person is a nonresident alien, and, as such, is not subject to U.S. taxation. One must file a W-8 whether the person involved is an employee or an investor.
References in periodicals archive ?
Late filing of Forms 1042-S also can result in a penalty of $250 per form, up to a maximum of $3,000,000 per year, or $50 per form if the form is not correctly filed within 30 days after the required filing date, up to a maximum of $536,000 ($187,500 for small businesses) per year [IRC sections 6721(a) and (b); Form 1042-S Instructions], A withholding agent can cure its noncompliance after the fact by obtaining a Form W-8 or other documentation from the payee, but the withholding agent may still be subject to penalties and interest ("U.
Tipalti, provider of a global payments management platform, said it has fully integrated a Form W-8 collection solution into its platform.
Exemptions and reduced rates are available but generally require the beneficial owner to document its right to the exemption on the appropriate version of Form W-8.
taxpayer identification number (TIN) on the appropriate Form W-8.
Completion of Form W-8 will trigger a withholding obligation on the property manager unless the foreign person also delivers a completed Form 4224.
Theatre--live performances Escort services Extended warranty companies Federal excise tax, coal mining Financial institutions Form 1 042-S withholding agents Form W-8 unreported income Foreign airlines [excise tax) Foreign tourism Furniture manufacturing Garment industry Gasoline distributors Gas retailers Grain and milo growers Grocery stores Healthcare Insurance agencies Intermodal industry (transport containers) Internal Revenue Code section
A partnership may rely on a valid Form W-8 or Form W-9 from a partner to determine whether that person is a foreign or nonforeign partner for purposes of computing the Sec.
Under the regulations, traditional Form W-8, Instructions for the Requesters of Forms W-8BEN, W-8ECI,W8EXP, and W-8IMY, and Form 1001, Ownership, Exemption, or Reduced Kate Certificate, used to claim NRA nonresident alien status and treaty benefits, were replaced.