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How do I fill out a W 8?

0:42 2:01 Learn How to Fill the W 8 Form Certificate of Foreign ... - YouTube YouTube Start of suggested clip End of suggested clip State the name of the owner. The country of origin. And the type of owner in boxes one through threeMoreState the name of the owner. The country of origin. And the type of owner in boxes one through three provide in box for the permanent. Address of the owner. Including.

Why do I need to fill out W-8BEN?

Why Does the IRS Require Form W-8BEN? The Internal Revenue Service requires W-8BEN because foreign individuals are normally subject to a 30% tax withholding, but they may qualify for a reduced rate of taxation. W-8BEN helps to establish this eligibility, although other factors also play a role, such as type of income.

What is a W8 form used for?

What Are W-8 Forms? W-8 forms are Internal Revenue Service (IRS) forms that foreign individuals and businesses must file to verify their country of residence for tax purposes, certifying that they qualify for a lower rate of tax withholding.

Who needs to fill out form W-8BEN?

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.