#w-8ben-e

[professorwilliambyrnes]

Analysis of the 2016 Final W-8BEN-E and its Accompanying Instructions

Analysis of the 2016 Final W-8BEN-E and its Accompanying Instructions

IRS Releases Revised 2016 W-8BEN-E and Accompanying Instructions

William Byrnes and Haydon Perryman

This month we turn our attention to the recently revised 2016 W-8BEN-E form which has 30 parts over eight pages that can be catalogued into four sections. The IRS released its previous substantial update of the W-8BEN-E in February 2014 and in April 2016 its most recent revisionary updated form…

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[professorwilliambyrnes]

Update to the Instructions for the Requester of Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, and W-8IMY

Update to the Instructions for the Requester of Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, and W-8IMY

This update supplements the Instructions for the Requester of Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, and W-8IMY (Rev. July 2014) and provides additional information for withholding agents and foreign financial institutions (FFIs) requesting such forms.  This update makes certain corrections and provides additional clarifying information not included in the instructions.  A requester of a Form…

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[professorwilliambyrnes]

FATCA Update Information - Form W-8BEN-E Instructions

FATCA Update Information – Form W-8BEN-E Instructions

This update supplements the Instructions for Form W-8BEN-E (Rev. June 2014) and provides additional information for foreign entities using the form.  This update makes certain corrections and adds certain information not included in the instructions.  A foreign entity using a Form W-8BEN-E (and the recipient of the form) may rely on this update, which will be incorporated in the next issuance of…

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[professorwilliambyrnes]

W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY withholding agent instructions analyzed

W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY withholding agent instructions analyzed

See the article on the International Financial Law Blog http://lawprofessors.typepad.com/intfinlaw/2014/07/w8ben-w8bene-w8eci-w8exp-and-w8imy-withholding-agent-instructions-released.html

  Free FATCA Lexis chapter download at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457671

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[professorwilliambyrnes]

FATCA FAQs Updated by IRS

FATCA FAQs Updated by IRS

FATCA Q&A Updated by IRS – the updates are below.  Link to New and Updated FAQs have been Posted with Regard to QI Agreements, Financial Institutions, and General Compliance 

free chapter download here —> http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457671   Number of Pages in PDF File: 58

Over 600 pages of in-depth analysis of the practical compliance aspects of financial service business…

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[professorwilliambyrnes]

IRS releases Instructions for Requester of Forms W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY

IRS releases Instructions for Requester of Forms W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY

Instructions for withholding agents

The IRS released the new instructions to supplement the instructions for the W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY, and provide, for each form, notes to assist withholding agents and FFIs in validating the forms for chapter 3 and 4 purposes in addition to outlining the due diligence requirements applicable to withholding agents for establishing a…

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[professorwilliambyrnes]

Analysis of 2014 final forms W8BEN-E and W-8IMY

Analysis of 2014 final forms W8BEN-E and W-8IMY

The IRS released the new 2014 Form W-8BEN-E (2-2014) that coincides with FATCA and QI entity classification reporting requirements, and on April 30, 2014 the IRS followed up with the new Form W-8IMY (“Form W-8IMY”), formally replacing its 2006 predecessor W-8IMY.

The Form W-8BEN has been split into two forms.  The new 2014 Form W-8BEN(revision date 2014) is for use solely by individuals, whereas…

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[professorwilliambyrnes]

IGA list expands to 55 - Mexico IGA revised!

IGA list expands to 55 – Mexico IGA revised!

60 days remain until the July 1st deadline that FATCA’s 30% withholding applies to payments from US sources.

As of April 30th, the list of IGAs now to be treated in effect has expanded to 55, including 28 that have been signed and 27 that are agreed (but not yet officially signed).  6 IGAs have been added this past week, including Belgium, Bulgaria, Colombia, Cyprus, Estonia, and Sweden (albeit…

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