I have been a non-resident alien for a while with my residence now being in India. Previously, it was the USA. I understand that I am required to submit W-8BEN to my broker. Right now, I don't see any federal tax withholding on my 1099. When the W-8BEN goes to my broker will they stop sending 1099 to the IRS? If yes, what action will they perform instead? Also, I am not sure what I should fill out in the following section of W-8BEN. Can someone help?
Special rates and conditions (if applicable—see instructions): The beneficial owner is claiming the provisions of Article and paragraph of the treaty identified on line 9 above to claim a _____ % rate of withholding on (specify type of income):
. Explain the additional conditions in the Article and paragraph the beneficial owner meets to be eligible for the rate of withholding: