Foreign Equivalent Of W9 In Maryland
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Form W-9 is an IRS tax form that requests information for an individual defined as a U.S. citizen or a person defined as a resident alien. The information is used to fill out Form 1099 and is used for independent contractors, freelancers, or unrelated vendors, but not employees.
8BENE. The purpose of the 8BENE formthe Certificate of Foreign Status of Beneficial Owner for United States Tax ithholding and Reportingis for foreign entities, not individual workers.
A foreign person, including a U.S. branch of a foreign person that is treated as a U.S. person under Regulations section 1.1441-1(b)(2)(iv) or a foreign branch of a U.S. financial institution that is a QI, may not provide a Form W-9.
If you are a foreign person, do not use Form W-9. Instead, use the appropriate Form W-8 (see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities). Nonresident alien who becomes a resident alien.
If the owner of the disregarded entity is a foreign person, the owner must complete an appropriate Form W-8 instead of a Form W-9.
W9 forms provide businesses with the tax information they need to complete and file Form 1099—a type of information return that independent contractors use to file tax returns and the IRS uses to track nonemployee compensation and prevent underreporting.
All US formed entities and US operations of foreign entities complete Form W-9. If you hold a permanent work Visa and reside in the US you may also complete a W-9. All others are considered to be non-US persons (also known as nonresident aliens) and will be required to complete a Form W-8.
For U.S. citizens living outside the U.S. you will enter your INTERNATIONAL ADDRESS on the W9. You'll need to leave the country blank so that it will save. Don't worry! These forms will not be mailed.
