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W-8 ben-e Form: What You Should Know
If the entity is registered to do business in the United States it may be reported in Box 2, line A (Form 1040) or box 8, line 1 (Form 1040NR). The reporting of an entityĀ Generally,Ā a foreign corporation (nonresident alien corporation) is not required to file Form W-8BEN-E, but it must file Form W-8BEN for each corporation it disposes of that is required to Under these circumstances, in case of a U.S. company that has a controlled foreign corporation in another country, thoseĀ domestic corporations are treated as one controlled foreign corporation for US federal income tax purposes (Form 8582). Therefore, forĀ reasons of international financial reporting and withholding and federal income tax, only domestic corporations (whether resident orĀ resident alien) which have a controlled foreign corporation in another country may be subject to the requirement of thisĀ form. However, foreign corporations that have a foreign parent corporation or foreign parent corporation that is aĀ qualified domestic corporation (the form FIN CEN 8482) as defined in the Internal Revenue Code are subject for withholding and U.S. federal income tax purposes to the requirements of this form. As a result, all controlledĀ foreign corporations which have a U.S. parent corporation and are also qualifying domestic corporations (thatĀ have a controlled foreign corporation in another country) must file Form W-8BEN for each controlledĀ foreign corporation. Other Information If the nonresident alien individual or corporation is not required under U.S. law to file Form W-8BEN-E, other information is required. If the taxpayer is a corporation, it is required to file Form W-8BEN as part of itsĀ Form 1040. To learn more about Form W-8BEN, contact the entity's representative to arrangeĀ a phone consultation. Please note that Form W-8BEN is only required if the taxpayer is not aĀ U.S. person. Form W-8BEN-E must be received by the Internal Revenue Service (IRS) no later than October 12, 2022. IRS 852 Forms Required to be filed with Form W-8BEN-E (Rev. October 2021)ā IRS Form W-8BEN-E. (Rev. October 2021). Department of the Treasury. Internal Revenue Service.
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