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Form W-8BEN: Taxation Rules for Non-residents

In the United States everyone must pay taxes. This rule refers to both Americans and foreigners who conduct business within the country. However, different types of businesses require different tax rates.

The series of w-8 form templates is specially designed for the purpose of reporting taxes. Today’s blog post is devoted to Form W-8BEN that is known as the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). It might be a bit complicated to fill out this document, but we are here to help you.

There is a set of incomes that are subject to tax withholding. They are interests, rents, royalties, premiums, dividends, annuities or any other income that was earned through services, compensations or other profits received on United States territory.

The income types that are not subject to tax withholding include: bank deposits interest, sales of securities and stocks, short-term OID (Original Issued Discounts), and incomes earned from foreign sources. However, non-residents still must file a w8ben to request the exemption.

The certificate of foreign status for federal tax withholding includes only 1 page. You have a choice either to complete it online or print the document and do it manually. We recommend to put the old-school printable blank form aside and try electronic completion. It will save your time and allow you to edit every line in the form if you fill it incorrectly. You can use fillable PDF or Word samples that you can find and download on our site.

Take your time and check the instructions. In the w8ben 2017 form you must indicate the following information:

  • Name of individual who is the beneficial owner;
  • Country of citizenship;
  • Date of birth;
  • Permanent residence address;
  • Mailing address;
  • Social security number;

If you still have some questions regarding Form W-8BEN, use this phone number 407-344-1012 to find out more information.