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Tax Form, such as the W-8BENE, W-8IMY or W-8EXP.) Full legal name of Entity Country of Incorporation / Country of Formation Permanent Business Address Address (Address must not include a P.O. Box) City / Town Province / State Postal Code Country PART A: Select Entity Classification Entity Classification is required for tax reporting under Part XVIII of the Income Tax Act. For guidance regarding document completion, or if the Classification options below do not apply to your account, please.

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(Active NFE) An Active NFE generally refers to an entity that operates an active trade or business with <50% passive income (gross) or have <50% assets that produce passive income*. * Passive income includes dividends and interest.

The term “passive income” means the portion of gross income that consists of¹: (1) Dividends, including substitute dividend amounts; [section 1.1472- 1(c)(1) (iv)(A)(1)] (2) Interest; [section 1.1472-1(c)(1)(iv)(A)(2)] (3) Income equivalent to interest, including substitute interest and amounts received from or.

Foreign Financial Institution (FFI). A foreign financial institution (FFI) generally means a foreign entity that is a financial institution.

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest.

A foreign financial institution (FFI) means a foreign entity that is a financial institution.

A Passive NFFE A Passive NFFE is any NFFE that is not: (i) an Active NFFE or (ii) a Withholding Foreign Partnership, Withholding Foreign Trust, or a Qualified Intermediary pursuant to relevant US Treasury Regulations.

An NFFE is either an active NFFE or a passive NFFE. An organisation is a passive NFE if it is not an active NFE or a type of investment entity. Organisations that are passive NFEs are required to complete self-certifications both for themselves and for each controlling person.

Examples of passive non-financial entities are family trusts, investment clubs, non-profit entities that are registered not for gain, and entities that own a farm and its only income is rental income, not farming income.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232