What Is the Purpose of the W-8 Tax Form? A W-8 tax form is a tool to help you avoid paying more taxes than you need to when earning income outside of your home country. It lets the organization or individual paying you know that you’re not a U.S. citizen or resident and there...
How Does an IRS Form W-8 Work? Tax withholdingis required for most income earned in the U.S., regardless of whether the individual receiving that income is a U.S. citizen. Payers (like an employer) then forward this tax money to the federal government on behalf of the payee (like an...
The W8-BEN form is called the— “Certificate of Foreign Status of Beneficial for United States Tax Withholding.” In simple terms, the W8-BEN form is a legal tax document required by the IRS or the Internal Revenue Service in the United States of America in order to declare your tax sta...
These two forms differ in a very specific way: the W-8BEN form is only used for foreign individuals or sole proprietors, while the W-8BEN-E form is for non-US entities, like businesses, companies, and organizations. The W-8BEN tax form works to: • Establish that an individual or...
What is a W-9 tax form? Contrary to the intricacies of W-8 forms,W-9 formsare straightforward; they are used to provide a company’s federal Taxpayer Identification Number (TIN) to an entity that makestaxable paymentsto said company. The difference between W-8 and W-9 forms lies in th...
A Form W-9 is a tax document issued to independent contractors and freelancers. Used to produce a 1099, W-9s are only required if...
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athe John 约翰[translate] aMy fate is in my hand 我的命运在我的手[translate] a五圈 Five[translate] aLoves me for who i am and what i am. 爱我为谁我是,并且什么i am。[translate]
employers must understand how to correctly classify workers for tax purposes. As the employer, you are responsible for issuing a1099 tax formto the contract employee in accordance with IRS tax-filing deadlines. When the contractor begins, have them fill out a W-9 form (use W8-BEN for interna...
If you are a winner, we may require you to sign an affidavit of eligibility, liability/publicity release and W-9 or W8-BEN tax form. If you do not sign and return these required forms within the time period listed on the winner notification message, we may disqualify you and we may se...