This document is also known as a Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). It is specially designed for those, who have business registered in the United States and don’t have the status of the residents. Different countries have different double income taxation agreements with the U.S., so there is a need to confirm the status of a nonresident in order to avoid paying taxes both the U.S. and the country of citizenship. In other case it is necessary to pay 30% tax.
Use A W-8BEN to avoid extra charges. This form should be submitted to the withholding agent or payer once every two-three years.
How to Create the W-8BEN Form Online
First of all go to the website form-w-8ben.com to find an appropriate template. It consists of a three parts. First one is for identification, second one is for claim of benefits and third one is for certification. Insert the required data into the fillable fields and save your time and efforts. Try to avoid any mistakes. Look carefully what information to include:
- name of individual who is the beneficial owner;
- country of citizenship;
- permanent residence address;
- mailing address;
- U.S. taxpayer identification number;
- reference number;
- date of birth.
It is necessary to sign the document. You don’t have to print the document to certify it. Put down your signature online with the powerful editing tools. You are able to send the completed template via email or SMS.
from https://topmedicalforms.wordpress.com/2017/11/09/what-is-a-w-8ben-form/
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