Countless different Forms W-8 exist with many complex requirements and it can be overwhelming and time-consuming for payees to determine which form to use and how to complete them adequately.
The new Tipalti offering streamlines the entire Form W-8 collection process with a web-based assistant that aids the supplier with form selection from over eight different tax forms including Forms W-9, W-8BEN, W-8BEN-E, W-8EXP, W-8IMY, W-8ECI, W-4 and Form 8233.
withholding agent has made "good faith efforts" to obtain the required "new" Form W-8 or W-9.
Forms W-8 that list a post office box as a permanent residence address can be relied on (contrary to the regulations), if the withholding agent does not know (or does not have reason to know) that the person providing the form is a U.
Pursuant to TD 8856, Form W-8
and the following other forms and documentation will not be valid after 2000:
However, the withholding agent may rely on a faxed copy of Form W-8
to withhold at a reduced rate for 90 days.