W8 Vs W9 Form: Which Is The BEST For US Company?

W8 Vs W9 Form: Which Is The BEST For US Company?
The W8 vs. W9 form is a question that most businesses should have answered, especially because it can save you from serious tax obligations and penalties.
Watch this video to learn the differences between each of these forms so you can choose which one best suits your company's needs
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Get A ITIN Number - W-...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbaker...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbaker...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io...
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[@gustavoalvarez2734]

Great explanation with a live example. Really helpful.

[@eyesmaterials]

Would you use the LLC EIN in the W8BEN?

[@monasmoske1208]

Good morning from Greece. The bank asked me for more information to fill in W-8 to begin with and then she asked me to fill out the W-9 maybe she doesn't know either. I was born in Boston but left when I was 5 years old and grew up in Greece (my mother is Greek) I studied and worked here and I have never worked in America. Which of the two forms should I fill out? I await your reply. Thanks

[@michaelporreca3888]

Hi, James my name is Michael US citizen living and working in Germany since 1981. Recently I was requested to fill out either the W8ben or W9 form for FZN Bank. I have a Immo Savings Fond account, which form should I fill out? I´m confused. I have no American address but pay all my Taxes in Germany. I`ll really appreciate your advice.

[@mattarnold8490]

Hi James! I'm expanding my hiring and retention services overseas and am wondering if a W8BEN - E for the companies and a w9 or w8BEN for individuals working for them would be best. Thanks!

[@JamesBakerCPA]

Hi Matt, I am glad to hear that you are on the expansion track. Every case is particular. My recommendation is to schedule a call with one of my associates or myself if you have specific questions. Please follow this link for scheduling the free call: calendly.com/supportjbcpa/30min

[@ghalert2838]

I have a question I hope you answer! I'm not American and I'm not a US resident, I have an LLC ( Wyoming state ) and I have a dropshipping store I don't have to pay taxes right? But what if my country has no taxes! Will I have to pay taxes in us?

[@JamesBakerCPA]

Hi Ghalert, thanks for watching. Please schedule a free call with one of our associates, they will answer your questions and help you out with any doubt you have: calendly.com/supportjbcpa/30min

[@JerryClayton-ik9mm]

I'm new to this but the logic is telling me this will result in the gentleman losing his tax exempt status.

[@JerryClayton-ik9mm]

You teach people how to treat you by what you put up with. If anything i would create a separate company for venues within a different jurisdiction. Just tell them legally your not within that jurisdiction and it would require you to be dishonest which violates your companies ethics. Just be honest and keep it moving. If the company doesn't respect your companies status then do you really want there business anyway? I wouldn't but that's just me.

[@bfourney]

Most of these idiots at these companies will even withhold payments unless you give them a W9… AFTER you’ve already done the work of course

[@mzamilbr]

Hi James how do I email you?

[@JamesBakerCPA]

Hi Muhammad, thank you for following my content. You can write to [e-mail] Thanks!