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In this YouTube tutorial, the focus is on the IRS Form W-8BEN, which is a withholding certificate that individuals fill out with their personal information. This form is often used when opening bank or brokerage accounts, conducting business with a U.S. client, or establishing non-U.S. residency. The video narrows down to the scenario where a non-U.S. resident wants to open a U.S. brokerage account with companies like TD Ameritrade, Schwab, Fidelity, or Interactive Brokers. This form is essential for verifying non-U.S. status before receiving payments from U.S. clients.
