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Antioch California online Form W-8BEN-E: What You Should Know
Beneficial owner of a U.S. nonresident foreign corporation The Form W-8BEN-E allows an organization to claim exemption from the withholding of the United States federal income tax as the beneficial owner of a nonresident foreign corporation. The benefit is that the organization will not be subject to the United States federal income tax unless it does not pay out dividends, and it does not pay capital gains. If a nonresident is not considered to be a resident of the United States, the organization will not be subject to United States income tax. A Nonresident Alien Taxpayer Nonresident aliens are taxed using an individual federal income tax return. However, individuals who are required to file a Form 1040NR or a Form 1040EZ may receive a Form W-8BEN instead of a federal tax return to report withholding of tax on their income to the IRS.  The W-8BEN-E may help U.S. taxpayers who are married, as this form does not make a difference if the partner is not an individual. The benefit is extended to individuals who are not individuals because of the reporting requirement. Individuals who are reporting the income of their spouse or partner may apply the benefit to the entire spouse or partnership as well. For example, if the spouse or partner is an employee and each month the employee reports the income of his or her spouse or partner on a Form W-2 with a separate Form W-8BEN. What If I am a U.S. Nonresident Alien? Do I Need to Use Form W-8BEN? A U.S. nonresident alien who is a U.S. taxpayer residing in New York City or in a state other than California (see state-specific information below) need not file an income tax return or have income taxed by the state. A nonresident alien who is a U.S. taxpayer residing in California must attach Form W-8BEN, Certificate of U.S. Nonresident Alien Ownership, to all nonfiling returns and report his or her ownership interest in a nonresident foreign corporation. A nonresident alien who is a U.S. taxpayer residing in New York must attach all Forms W-8, W-5, and Forms W-2, as well as a completed Schedule E. If a nonresident alien is holding a nonresident foreign partnership interest and would be a U.S.
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