What is W8? Form W8, W 8BEN, or W8 form is used by non-resident aliens who do work and/or make income in the U.S. or by foreign business entities who make income in the U.S. If you’re a legal citizen of the United States, at no point will you have to worry about filling out the form. These tax forms are only used by foreign persons or entities certifying their foreign status.
If you’re a non-resident alien receiving income from U.S. sources, then W8 tax forms are the right forms for you. As a non-resident alien you are charged 30 percent on funds received by U.S. companies unless you submitted a completed form to them.
Other users of these tax forms will be anyone receiving pension benefits from a U.S. pension fund, but living in a foreign country that has entered into an income tax treaty with the United States. If you live in another country and receive your pension benefits from a U.S. pension fund, you will most likely be asked by this company to fill out a form too.
If you have been asked to provide a form for the first time, or you’ve had trouble in the past you should consult an accountant. Also remember that form goes to the company that requested the form from you, not to the IRS.
Two dual nationals living abroad founded Americans Overseas. In the costly and exhausting process of finding the right experts, they realized they had not only accumulated a mountain of knowledge but also built up a solid network of tax and legal experts. This could be of great benefit to others in similar situations. Americans Overseas informs and connects US persons to a select network of specialized US tax consultants to help them avoid double taxation and become compliant. Do you need more information on what W8 is? Do not hesitate to contact us.