W-8 forms are used to certify foreign status for U.S. tax withholding and reporting purposes. By submitting this form, you are certifying to the payor of U.S. source income your foreign status, which will determine how much tax they must withhold, if any.
Which version of the W-8 depends on several factors; including, whether you are an individual or entity and the type of income you will be receiving. Determining which form to complete, and how to complete it, can be tricky.
There are several different W-8 forms:
- Form W-8BEN Certificate of Foreign Status of the Beneficial Owner of the Income.
- Form W-8ECI Certificate of Foreign Person’s Claim That Income is Effectively Connected with the Conduct of a Trade or Business in the U.S.
- Form W-8EXP Certificate of Foreign Governments or other Foreign Organizations For U.S. Tax Withholding and Reporting
- Form W-8BEN-E Certificate of Entities Status of Beneficial Owner for U.S. Tax Withholding and Reporting
- Form W-8CE Notice of Expatriation and Waiver of Treaty Benefits
- Form W-8IMY Certificate of Foreign Intermediary, Foreign Flow-through Entity, or Certain U.S. Branches for U.S. Tax Withholding and Reporting
Although these forms may seem simple enough at first glance, determining what information goes on them can be a different story. Filling out the form incorrectly could result in higher withholding than you would otherwise be subject to. Esquire Group is here to help.
Esquire Group will guide you as to which form to complete, complete the form for you, and be here to answer any questions you have should your status change.