20 June 2022 16:37

What do I use for the article number and % rate on the W-8BEN form, for publishing & selling my ebooks?

How do I fill out a W-8BEN-E form in the US?

It has most of the required fields, but they are quite easy to fill in.

  1. Name of your organization. Just write your full Company name.
  2. Country of incorporation of your organization. …
  3. Name of a disregarded entity, receiving the payment. …
  4. Your Entity Chapter 3 Status. …
  5. Your entity FATCA status. …
  6. Permanent residence address.

How do I fill out a W-8BEN form in Canada?

How to Fill Out and Read Form W-8BEN

  1. Line 1: Provide your name or your business name.
  2. Line 2: Provide your country of citizenship.
  3. Line 3: Enter your permanent residence address.
  4. Line 5: Enter your U.S. tax identification number.
  5. Line 6: Enter your foreign tax identifying number.

What is W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding?

Form W8-BEN, Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding, is used by a foreign person to establish both foreign status and beneficial ownership, and to claim income tax treaty benefits with respect to income other than compensation for personal services.

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 I fill out a w8ben form?

How Do I Fill Out Form W-8BEN?

  1. Part I – Identification of Beneficial Owner:
  2. Line 1: Enter your name as the beneficial owner. …
  3. Line 2: Enter your country of citizenship. …
  4. Line 3: Enter your permanent residence/mailing address. …
  5. Line 4: Enter your mailing address, if different.

What is foreign tax identifying number?

A foreign tax identifying number (foreign TIN) is a number used by your country of tax residency to identify you as an individual or taxpayer. This may vary from country to country. A valid foreign TIN is required by the Internal Revenue Service in order for your Form W-8BEN to be deemed complete.

What is the foreign tax identifying number for Canada?

Enter the Canadian identification number assigned to the non-resident for tax purposes such as: a social insurance number ( SIN ), an individual tax number ( ITN ), a temporary tax number ( TTN ) or a payroll program account number (15 characters).

How do I submit a W-8BEN form online?

To complete your W-8BEN:

  1. Under the Payments tab, select Profile.
  2. Next, click on the Submit Tax Information link.
  3. Submit No as your answer in Certification of US activities. …
  4. Select the appropriate country of incorporation or organisation.
  5. Select the type of beneficial owner.
  6. Enter your address.

Where can I find my Tax Identification Number Canada?

Service Canada now issues SINs to individuals in a letter format instead of a card. SINs can be found on the front page of an individual Canadian tax return. SINs can also be found on notices of assessment issued by the Canada Revenue Agency (see examples below).

Who needs to fill out a w8ben form?

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.

Why do I need to complete a w8ben form?

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 Ben E form used for?

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.

What is a Model 1 FFI?

The term Reporting Model 1 FFI means a Financial Institution with respect to which a non-U.S. government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution treated as a Nonparticipating Financial Institution under the Model 1 IGA.

What is foreign tin in W-8BEN-E?

But you are required to provide a foreign tax identification number (TIN) in the field 9b instead. For Canadian companies, the foreign tax identification number would be their 9-digit business number that was issued by the Canada Revenue Agency (CRA).

What is the difference between W-8BEN-E and W 9?

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. Not relevant for entities. W-8BEN-E An entity that is not a resident within the US for tax purposes and is the beneficial owner of income.

Do I fill the W9 or w8ben?

Form W9 is intended for US persons, as explained in question 2. The equivalent form that applies to non-US persons is W8-BEN (for individuals) and W8-BEN-E (for entities).

Do I fill out W8 or W9?

Form W-9 is to be filled out by US workers that have a SSN or TIN, while W-8 forms are filled out by foreign individuals and non-resident aliens who receive income from US sources.

Do I need a W9 from international vendors?

Since foreigners and foreign companies don’t have a Social Security or taxpayer identification number, they don’t receive a W-9 form. Instead, give them a Form W-8, which collects information specifically about foreign entities.

Do you need to issue a 1099 to a foreign vendor?

Generally, no Form 1099 is required for payments to foreign contractors or services performed outside the US and no withholding is required (as long as the foreign contractor is not a US person and the services are wholly performed outside the U.S).

What vendors do I need to send 1099?

The general rule is that you must issue a Form 1099-MISC to any vendors or sub-contractors you have paid at least $600 in rents, services, prizes and awards, or other income payments in the course of your trade/business in a given tax year (you do not need to issue 1099s for payments made for personal purposes).

Is there a W-9 equivalent for non US based subcontractors?

W-8BEN is the equivalent of a W-9 for foreign contractors.

How do you report independent contractor income?


  1. Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship).
  2. Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more. …
  3. You may need to make estimated tax payments.

What is a 98 EIN number?

EIN’S beginning with the number 98 may identify foreign entities that maintain domestic trusts in the United States. Methods to accurately identify domestic trusts maintained by foreign entities are being reviewed, as well as general information about the trust and any other domestic trusts you may maintain.

Can a US company hire a foreign independent contractor?

US company hiring a foreign independent contractor living abroad. The US company doesn’t need to report the payments they made to the foreign independent contractor to the IRS if they are not US-sourced income. The company also doesn’t need to withhold any tax.

Can I work remotely for a US company?

Non-US citizens can work remotely for a US company from their home country or anywhere in the world as long as they have consent from their employer, follow local laws regarding visas, and file taxes with their country of tax residence.

Do foreign independent contractors pay taxes in the US?

In the U.S., companies that engage with independent contractors require them to complete an IRS 1099 form to comply with American tax laws. U.S.-based companies paying international contractors should have contractors fill out an IRS Form W-8BEN, which certifies their foreign status in the eyes of the U.S. government.