How do I fill in a W-8BEN for for sites such as Zazzle as an individual?
What is W-8BEN for non US individuals?
The W-8BEN is an Internal Revenue Service (IRS) mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purposes. (The form for entities is the W-8BEN-E.)
How do you fill in a W-8BEN form us?
How Do I Fill Out Form W-8BEN?
- Part I – Identification of Beneficial Owner:
- Line 1: Enter your name as the beneficial owner. …
- Line 2: Enter your country of citizenship. …
- Line 3: Enter your permanent residence/mailing address. …
- Line 4: Enter your mailing address, if different.
How do I fill out a W-8BEN form in Canada?
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.
What happens if I don’t fill out w8ben?
What happens if you don’t fill out a W-8BEN-E form? Failure to provide an accurate form W-8BEN-E to a withholding agent may result in a 30% tax rate on gross income being applied even if the foreign entity has a claim of tax treaty benefits.
What is my individual tax identification number?
ITIN. An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain nonresident and resident aliens, their spouses, and dependents who cannot get a Social Security Number (SSN). It is a 9-digit number, beginning with the number “9”, formatted like an SSN (NNN-NN-NNNN).
Who needs to fill out W-8BEN?
You must give Form W-8BEN 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-8BEN 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 difference between w8 and w8ben?
You must submit the form regardless of whether you are claiming a reduced withholding. Form W-8BEN is used by foreign individuals who receive nonbusiness income in the U.S., whereas W-8BEN-E is used by foreign entities who receive this type of income.