Link token in the Form W-8BEN effortlessly

Aug 6th, 2022
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How to Link token in the Form W-8BEN

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hello and welcome back to the dividend experiment today were going to talk about the w8 Bend for and why you need to fill it out if youre an American or US citizen then you probably dont know what a wa8 pen form is and you dont need to in fact you can just skip this video feel free to leave a like because I just saved you Americans some time okay so if you are still here then this video is going to explain just how important filling out that w8m form is a dividend investors if you are not a US citizen you are still permitted to buy US stocks on the US stock exchange think of all those great companies that call the USA at home they have some of the biggest and best companies in the world the huge rich market as foreign investors we should consider ourselves very fortunately they allowed us to buy these companies however the US government isnt just letting us buy these stocks out of the kindness of their heart oh they want their cut too they want to take 30% of the money we receive

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Form W-8 BEN-E is used by foreign entities to document their status for purposes of chapter 3 and chapter 4, as well as other code provisions.
Give Form W-8 BEN to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding. Submit Form W-8 BEN when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding.
Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply if an Internal Revenue Code Section provides for a lower rate, or there is a tax treaty between the foreign persons country of residence and the United States.
How to Fill out and Read Form W-8BEN Line 1: Provide your name or your business name. Line 2: Provide your country of citizenship. Line 3: Enter your permanent residence address. Line 5: Enter your U.S. tax identification number. Line 6: Enter your foreign tax identifying number.
W-9 An entity or individual that is a resident in the US for tax purposes. W-8BEN An individual who is not a tax resident in the US and is the beneficial owner of income.
Give Form W-8 BEN to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding. Submit Form W-8 BEN when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding.
What is the W-8BEN-E and what is its purpose? The W-8BEN-E is an Internal Revenue Service (IRS) mandated form to collect correct Nonresident Alien (NRA) taxpayer information for entities for reporting purposes and to document their status for tax reporting purpose. (The form for individuals is the W-8BEN.)
Chapter 3 means chapter 3 of the Internal Revenue Code (Withholding of Tax on Nonresident Aliens and Foreign Corporations). Chapter 3 contains sections 1441 through 1464, excluding sections 1445 and 1446.

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