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Video instructions and help with filling out and completing Fatca form w 8

This is marine accounts we offer tax advice and mortgage solutions to yacht crew we believe strongly in providing free advice that can be used to help your crew make the right decisions with regards to their tax this lecture acts part of a series of talks under the topic of keeping your money yours this lecture will focus on what to do when you receive the letter from your bank which is regarding your tax residency the letter is to do with factor and CRS I will not bore you too much about these but I can tell you they both they both will affect you and it's something that you need to deal with the the letter itself has shown now artists you to pryour address and also a tax identification number or national insurance number the letter has come around because of CRS and factor and is used by the g20 to monitor where clients or resident they want to be able to verify that you're not withholding funds and that your country of residence is aware that you have these funds offshore this initiative has only recently come into existence but it's something that you need to react to if you choose to ignore this then there is a potential that your account could be frozen or worse still closed the first thing that the forum will ask you to do is to pran address so we would suggest that you prthe address of your home or if you do not have a home and their home is the yacht then we suggest that you prthe address of where you would domicile your domicile is where you were born and where you hold a valid passport secondly you will need to pra tax identification number if you are a non-resident then you can prthe tax number for your country of domicile the key point with reference to residency is that many people once again believe they are non-resident furthermore they believe that they can nominate a country where they are resident this is not the case you are resident based on the number of days that you spend in a given country where your current home is or way of social and our current economic ties lie sound of bank vide FAQ s with respect to this forum the first of which is do I need to actually complete the tax form if I don't live in the US or UK you do need to complete this form even if you do not live in the US or UK as they are trying to monitor all of those that have foreign accounts so if you bank offshore and you have a foreign account then you need to complete this form are all account holders being centers for them this is correct all account holders are business in this form and so you do need to react to it you.