IRS Form W-8. Which One Do You Need?

For more tutorials on Forms W-8, see our playlist:
• Withholding Certificat...
In this video, I cover the major differences between the IRS Forms W-8IMY, Form W-8BEN and W-8BEN-E.
Every individual and company must carefully assess their tax classification for federal tax purposes, as that will drive which form is the appropriate withholding certificate.
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
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[@ltf1985wkh]

Hi Jason, My employer is a NQI asian broker. We're gonna open a segregated account to safekeep our non USA customer asset. We are asked to provide W8IMY. Do we need to provide withholding statement vs end BO? Thank you.

[@tracey7436]

Hi Jason, I live and work in Canada but I'm paid by a U.S. company. It is a part time contract job that I provide a monthly invoice for and I am paid by check, however no taxes are taken off. I will claim that income on my own Canadian taxes this year. I need to fill out a W-8BEN but do not know how to fill out Part II #10. What paragraph and article apply here? Thanks!

[@JasonDKnott]

Part II is completed if you want to claim treaty benefits for a reduced withholding tax rate on U.S. source income that is subject to withholding taxes, such as U.S. source dividends or interest income. The services income is not subject to withholding taxes, so you don't need to claim treaty benefits.

[@fee6351]

Hi Jason, Thank you so much for the video and your reply here. I have a more specific question though. I live in the UK, and I earn ad revenue from KZbin. Adsense has just sent me the copy of 1042-S because I had filled the form W-8BEN once I created my Google Adsense for KZbin. However, last December I switched from sole trader to private limited company and I have not filled any additional document yet, like the W-8BEN-E. Should I submit this latter form and, in that case, would it change the 1042-s form they sent me? Sorry if it's too complicated but I could not find any answer.

[@vengeance2825]

Is Form W-8 “Certificate of foreign status” still valid? I believe it is was last updated around 1991-1992 on the IRS website. Or did all of these other forms replace that form?

[@huseyinkaya1634]

Dear Jassson I appreciate the information you've shared. I have a question regarding my situation. I reside in Istanbul, Turkey, and work as a host on Airbnb. All of my properties are located in Turkey, and I do not engage in any commercial activities in the United States. However, I am facing significant losses due to the exchange rate difference between the Turkish lira and the US dollar, as Airbnb pays my income in Turkish lira. For future bookings, I experience a loss of 20-30% depending on the exchange rate. I have a bank account in the United States and possess a Social Security Number. Therefore, I wish to receive my Airbnb income in Turkey in US dollars via my US bank account. I have no objections to paying taxes in Turkey. However, I would like to inquire about potential tax implications in the United States if I were to receive this income from Airbnb into my US bank account. As I already pay taxes in Turkey, I am curious if I would be subject to any additional taxes on my Turkish income in the USA. Thank you for your assistance. I look forward to your guidance on this matter. Sincerely, Hüseyin Kaya

[@leticiadavila9656]

Hi, which one should I provide if I am a non US citizen but am here with DACA and the LLC is registered in the US.

[@JerryClayton-ik9mm]

Ask your bishop or red cross agent