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5 votes
Accepted

My 14 year old Son has won prize money in the EPIC fornite competition - Tax on his winnings?

Anyone help as to whether that was the right thing to do? I can't write as to whether or not using your UTR was the right thing to do or not as I am unfamiliar with both US and UK tax laws and ...
Wolfram's user avatar
  • 104
3 votes

W8 and/or W9 for disregarded LLC?

The document that you might want to refer them to is IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities. In the section called “Documentation,” it has this to say about ...
Ben Miller's user avatar
  • 116k
3 votes
Accepted

W-8BEN and 1099

After you complete W-8BEN, you will not receive 1099. You will receive 1042-S with Non-resident Alien Withholding. 1042-S can be optionally used in 1040-NR to recover some withholding. If by "Broker"...
base64's user avatar
  • 10.5k
3 votes

Stock owned by minor reaching adult age

After some degree of effort I have determined that this has been set up as a de-facto trust account. (Not a person). So a transfer to a "new" account may need to be effected. Considerable effort. A ...
mckenzm's user avatar
  • 995
3 votes
Accepted

Stock owned by minor reaching adult age

In the U.S., minors are not allowed to enter into contracts, which means that they cannot directly purchase stock. Instead, stock is contained in a Uniform Transfer to Minors Act (UTMA) account, ...
Ben Miller's user avatar
  • 116k
3 votes
Accepted

Filling the W-8BEN Form as an Indian Student

Yeah, I faced exactly the same problem. So, according to the topcoder forums, some people have advised to keep the fields related to tax treaties plus the reference number 'blank'. As the new form ...
sarthakgupta072's user avatar
3 votes
Accepted

Foreign person forgot to turn in W8-BEN

Do I have to file a tax return for last year? Not if you don't care about this money. How can I get the withheld money back? By filing a non-resident tax return and showing how much you really ...
littleadv's user avatar
  • 176k
2 votes
Accepted

What will happen if a client of mine sends the IRS an incorrect form?

Neither W-9 or W-8 is filed with IRS; quid's comment is correct on that point. However, since you are a non-US person (aka NRA, nonresident alien) and the payments to your disregarded (single-member) ...
dave_thompson_085's user avatar
2 votes
Accepted

Does IRS require 30% tax from foreigners with w8-ben?

... as an independent contractor ... working from home I am not US Citizen and my country has no tax treaty with USA. I currently live outside USA and I do not plan to travel in near future. Does IRS ...
dave_thompson_085's user avatar
2 votes
Accepted

Who pays the retroactive withholding tax - the withholding agent or me?

Aside from the question of why the royalty payer didn't withhold on time, we have to distinguish between three different matters that people tend to confuse: Tax liability, filing requirements and ...
Jack Fleeting's user avatar
2 votes

Checking one's status with the IRS

These might help: https://www.irs.gov/individuals/international-taxpayers/determining-alien-tax-status If you are an alien (not a U.S. citizen), you are considered a nonresident alien unless you meet ...
RonJohn's user avatar
  • 50.7k
2 votes

Must I file 1040-NR in my case?

My question is now, is it legally mandatory for me to file a 1040-NR? Or is it optional for me to do so? It is not mandatory, but if you want to claim any treaty benefits or receive a refund because ...
littleadv's user avatar
  • 176k
2 votes

How do I determine the residence for tax treaty benefits on W8-BEN form?

I'm assuming that you were in Canada temporarily on a visa, and have no Canadian citizenship (since you have Indian), nor a Canadian permanent resident (given that you've left for a long period to ...
littleadv's user avatar
  • 176k
1 vote

Tax Treaty Article in W8 form for salaried Indian employees for selling listed and unlisted equities

The W8-BEN form is not primarily about double taxation. The broker is using the form to have you certify that you are not liable for US tax. If you do not fill in this form your broker may be forced ...
DJClayworth's user avatar
  • 33.5k
1 vote

Should I file a W-8 BEN for RSUs vesting while I'm in the US?

If you're not becoming a US tax resident you should continue using the form W8-BEN. You may also use form 8233 if appropriate. RSU vest is treated as salary income in the US (i.e.: earned income from ...
littleadv's user avatar
  • 176k
1 vote

If I file a W8-BEN form, is a 1042 necessary?

So thanks to this form, I am not subject to withholdings? You are, but you may claim treaty benefits to change the default withholding rates (although in your case Costa Rica has no tax treaty with ...
littleadv's user avatar
  • 176k
1 vote
Accepted

W8-BEN for claiming treaty benefit on dividends for an Indian resident

You will need to state the withholding rate as 25% citing the clause you have included in your question. You can't have the foreign broker withhold 25% of the dividend and claim it on your Indian ...
user2371765's user avatar
  • 1,084
1 vote

Request of W8BEN from bank

W8-BEN, like most IRS forms, has a "who should use this form" section. If none of the descriptions fit you, print out a blank W8-BEN, attach a cover letter explaining in detail that the IRS is telling ...
Rupert Morrish's user avatar
1 vote

Taxes for "on the job" training for non U.S. Citizens and the W-8BEN

Was H.R. right and if no what would have been nessesary? Did they break any (tax) laws and if yes what would be the best course of action now? Probably yes and no but it depends on a number of ...
dave_thompson_085's user avatar
1 vote

W8BEN of Indian individual

If you're only withdrawing from your 401(k), I believe you can leave it blank. Line 10 must be used only if you are claiming treaty benefits that require that you meet conditions not covered by the ...
Rupert Morrish's user avatar
1 vote

Regarding W-8-BEN for annuity inheritance

Best consult a CA who is aware of dual taxation. What has to be put in part 2 point 10 of W-8-BEN? Leave blank. There is no special relief under DTAA or any such agreement. The US DTAA for India ...
Dheer's user avatar
  • 57.1k
1 vote

How can I now claim the benefits if I forgot to submit a W8?

You will have to wait until 2019, file a tax return, and claim the exemption there. You should get a refund.
Acccumulation's user avatar
1 vote
Accepted

How do I fill in a W-8BEN for for sites such as Zazzle as an individual?

The answer in the end was in Part II, Section 10, the phrase Royalties on copyrights on my artistic works in both "type of income" and "additional conditions in the article and paragraph" entries
Ross Drew's user avatar
  • 121

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