#w-8imy

[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]

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]

new 2014 Form W-8IMY Analyzed

new 2014 Form W-8IMY Analyzed

W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting)

On June 19, 2014 the IRS released the new Form W-8IMY instructions.

Form W-8IMY is submitted generally by a payment recipient (the “filer”) with non-beneficial owner status, i.e. an intermediary.  Such intermediary can be a U.S. branch, a qualified…

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[professorwilliambyrnes]

W-8IMY Instructions Released

W-8IMY: Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting

On June 19, 2014 the IRS released the W-8IMY instructions.  Form W-8IMY is submitted generally by a payment recipient (the “filer”) with non-beneficial owner status, i.e. an intermediary.  Such intermediary can be a U.S. branch, a qualified…

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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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