Elgin Illinois Form W-8BEN-E 2021-2025

Elgin Illinois Form W-8BEN-E: What You Should Know

The W-8BEN-E is a mandatory IRS requirement that requires that any controlled foreign corporation, including a W-4 and/or W-2C entity, is required to file a W-8BEN-E and not have a W-2C if the reporting foreign person is a resident alien; or, a nonresident alien filing U.S. income tax return (Form 1040). The purpose of the W-8BEN-E is to help the IRS keep track of foreign persons who report income that requires a foreign tax credit under Section 605 or the alternative minimum tax and collect information for tax purposes. If you have questions about Form W-8BEN-E, including the date that you should expect your W-8BEN-E to be filed, see Form W-8BEN-E (Rev. October 2021) — IRS. Note: If you are required to file a Form W-8BEN-E, or other tax information, you must obtain Form 1040X to obtain your IRS Form W-8BEN-E. You should see our page on the Form W-8BEN-E for information on what are the various forms you will need to complete, but what is important to remember is that a Form 1040X and a Form W-8BEN-E are not required. As the entity holder, you will need to complete W-8BEN-E. To do so, you must report the income you received from your business as foreign income tax or non-resident alien income tax (NRI), and make the payments as U.S. withholding. In order to apply the non-resident alien withholding rules to your tax situation, you will need to use Form 8829-F.

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