Forms W-8: Understanding the Requirements for Completing Each Form in the Series


ℹī¸ About this Webcast
📝 Short Description
New documentation and withholding requirements became effective July 1, 2014 with the implementation of FATCA (the Foreign Account Tax Compliance Act). To accommodate the new legislative changes, the family of Forms W-8 were all modified to comply with the new rules. The forms continue to evolve and become more complex. Your organization is now charged with soliciting the new forms, reviewing them to ensure their validity, and continuing to solicit for expiring forms. Be sure to register for this informative session that will give you the detailed requirements necessary for completing these forms and being compliant.
đŸ—Ŗ Speakers
Carol Kassem
Regulatory SME, IRS Compliance
📲 Digital Download Available
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SKU: webcast-9112018 Category:

Product Description

Documenting a nonresident alien has been significantly more challenging since the W-8 series of forms were revised as of July 1, 2014. The forms have become much more complex and lengthy as the IRS strives to correctly identify a nonresident alien and apply the applicable rate of withholding. During this hour, we will examine each form to determine the information that the payee should be providing.

In this session we will discuss:
  • Who must complete a form W-8
  • Which forms to solicit from a payee or recipient
  • Appropriate forms for certifying an individual
  • Which boxes must be completed on each form type
  • What invalidates a form
  • Dealing with different versions of the same form
  • Creating substitute forms
  • Dealing with treaty rates
  • Knowing when to re-solicit a form W-8
  • Consequences of not having valid documentation on file
  • Determining the differences between Chapter 3 & Chapter 4 documentation
  • Paper or electronic forms: Which medium can you accept?
If you are having trouble soliciting and reviewing these forms, purchase this download of our discussion before your organization ends up with penalties being assessed for not having valid documentation.