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W-8ben Form: What You Should Know

However, Form W-8BEN can serve as proof of your U.S. citizenship.4. If you are a United States citizen, you do not need to complete Part II of Form W-8BEN.5. You can use Form W-8BEN when a Nonresident Alien (NRA) is an individual who is: an employee or agent of a U.S. business or entity, or a U.S. partner; an officer, director, or controlling shareholder of a U.S. business or entity, except for a disqualified person; or a U.S. resident who is not a citizen of the United States. For more information about these three classes of persons, see Publication 519, Tax Guide for U.S. Citizens and Resident Aliens Abroad (or Publication 519, U.S. Tax Guide for Aliens Abroad) .6. You can enter more than one occupation. However, if you enter more than one occupation, you should indicate which of these you are currently engaged in. For example, suppose you are a manager with experience in real estate, and you are actively engaged in real estate leasing, land development, mortgage lending, rental facilities, rental car, and other forms of real estate investment, but not real estate ownership. On Form W-8BEN, you can report only the real estate or investment property you are actively engaged in (you must give this to the agent to fill out). However, in this example, because you are actively engaged in real estate leasing, you should enter that on line 12. To report other forms of real property or investment interest such as partnerships, corporations or real estate management firms, you should complete Form W-8BEN as described earlier in this document. If you are not actively engaged in any form of real property or investment interest, you should complete Form W-8BEN as simply “Employee” or “Partner.” For more detailed information about when to include the terms “partner,” “employee”, “property owner” and “agent,” refer to Pub. 519, U.S. Tax Guide for Aliens, or see Publication 519, U.S. Tax Guide for Aliens, or other IRS publications.7. You can include in your Form W-8BEN income from your business or property in your home country, even if it is not in the United States. You may include income from your home country even if you do not receive any U.S.

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FAQ - W-8ben

How can you fill out the W-8BEN form (no tax treaty)?
A payer of a reportable payment may treat a payee as foreign if the payer receives an applicable Form W-8 from the payee. Prthis Form W-8BEN to the requestor if you are a foreign individual that is a participating payee receiving payments in settlement of payment card transactions that are not effectively connected with a U.S. trade or business of the payee.As stated by Mr. Ivanov below, Since Jordan is not one of the countries listed as a tax treaty country, it appears that you would only complete Part I of the Form W-8BEN, Sign your name and date the Certification in Part III.http://www.irs.gov/pub/irs-pdf/i...Hope this is helpful.
When you start working as an independent contractor for companies like Leapforce/Appen, how do you file for taxes? Do you fill out the W-8BEN form?
Austin Martinu2019s answer is spot on. When you are an independent contractor, you are in business for yourself. In other words, you are the business! That means you must pay taxes, and since you arenu2019t an employee of someone else, you have to make estimated tax payments, which will be u201csquared upu201d at year end when you file your tax return
How does a Trinidadian fill out part II and part III of an W-8BEN form when opening an individual account?
For Part II you write in where you reside on Line 9 and on Line 10 the withholding rate from to 30% depending on which article of the US/Trinidad tax treaty applies to you.u00a0 Then write in the type of income and the treaty article that applies to your income. The most common are Article 9 for business profits or Article 11 for personal services, but not knowing your particular circumstance I can't say if one of those is correct for you.Part III only requires your signature and the date signed.u00a0 You are attesting that the statements in Part III are true.
How should I fill out Form W-8BEN from Nepal (no tax treaty) for a receipt royalty of a documentary film?
You are required to complete a Form W-8BEN if you are a non-resident alien and earned Royalty income (in this case) from a US-based source.The purpose of the form is to alert the IRS to the fact you are earning income from the US, even though you are not a citizen or a resident of the US. The US is entitled to tax revenues from your US-based earnings and would, without the form, have no way of knowing about you or your income.To ensure they receive their u201cfairu201d share, they require the payor to withhold 30% of the payment due to you, before issuing a check for the remainder to you. If they donu2019t withhold and/donu2019t report the payment to you, they may not be able to deduct the payment as an expense, and are subject to penalties for failing to withhold - not to mention forced to pay the 30% amount over and above what they pay to you. They therefore will not release any payment without receiving the Form W-8BEN.Now, Nepal happens not to have a tax treaty with the US. If it did and you were subject to Nepalese taxes on that income, you could claim a credit for the taxes paid to another country, up to the entire amount of the tax. Even still, you are entitled to file a US Form 1040N, as the withholding is charged on the gross proceeds and there may be expenses that can be deducted from that amount before arriving at the actual tax due. In that way, you may be entitled to a refund of some or all of the backup withholding.That is another reason why you file the form - it allows you to file a return in order to apply for a refund.In order to complete the form, you can go to the IRS website to read the instructions, or simply go here: https://www.irs.gov/pub/irs-pdf/...
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