i just saw on a web site that the non us prize winners should complete an IRS W8-BEN plz explain in simple terms & iwhat are the requirements if i am non resident of US
2006-08-24 00:54:56 · 4 answers · asked by nagendra_surya 1 in Politics & Government ➔ Law & Ethics
It's a tax withholding form that authorizes the prize-awarding agency to withhold income taxes owed the US on the money awarded.
http://www.irs.gov/instructions/iw8ben/index.html
2006-08-24 01:00:21 · answer #1 · answered by thylawyer 7 · 0⤊ 0⤋
The training for the W8-BEN sort state right here: "Line 10 should be used provided that you're claiming treaty advantages that require that you meet circumstances no longer lined through the representations you're making in strains 9a through 9e." Assuming you've crammed out line 9a suited (affirming you're a resident of Canada), you leave line 10 sparkling. Your economic company might want to then comprehend that as a resident of Canada, you're entitled to a decrease withholding cost (in all probability 15%).
2016-11-27 02:12:18 · answer #2 · answered by ? 4 · 0⤊ 0⤋
A secret way to get non us citizens to pay taxes. Hey I have a good Nigerian account you can sign up for that will pay you millions.
2006-08-24 01:01:01 · answer #3 · answered by Colorado 5 · 0⤊ 0⤋
Just like the lotto you have to pay half of your winnning
2006-08-24 01:02:57 · answer #4 · answered by Linda 7 · 0⤊ 0⤋