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Get your 2020 W-8BEN Form Online

Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)

Invite a Beneficial Owner, and allow them to complete and e-sign their Form W-8BEN.

How to Request Form W-8BEN online with TaxBandits?

A simple and easy way to facilitate your recipient W-8BEN with TaxBandits! Get Started Now

What is Required to complete Form W-8BEN for 2020?

  • 1. Beneficial Owner Details: Name, Country, Address, US SSN/ITIN (if required), Foreign Tax Identifying Number, Reference number, Date of birth
  • 2. The claim of Tax Treaty BenefitsDetails
    1. Beneficial owner resident country (an Income tax treaty between the US and Beneficial owner country)
    2. The percentage rate of withholding
  • 3. Sign the Form

It's easy to complete your Form W-8BEN with TaxBandits.

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Frequently Asked Questions

What is a W-8BEN Form?

The W-8BEN Form, Certificate of Foreign Status of Beneficial Owner for the United States Tax Withholding & Reporting (Individuals), is an IRS tax form, similar to the W9 form.

The W-8BEN Form must be filled out by non-US residents, beneficial owners who are receiving payments from individuals or companies in the United States.

Who should complete a W-8BEN form?

The Form W-8BEN must be filled out by the beneficial owner(s) who are not US citizens or residents for tax purposes.

When should I complete Form W-8BEN?

This form is used by a non-United States person who is a “beneficial owner” in order to avoid U.S federal income tax backup withholding on payments made in connection with the Offer. The Form W-8BEN is only filled out upon request, this request is always made prior to the payment.

How do I Fill out Form W-8BEN?

The following are the steps to complete the Form W-8BEN. The beneficial owner(s) should complete these steps on the Form W-8BEN.

  • Step 1: Enter the recipient’s name and email address, then invite the recipient to fill out Form W-8BEN through TaxBandits
  • Step 2: The recipient will fill out the W-8BEN Form information
  • Step 3: Recipient can e-Sign the form
  • Step 4: You can then Download and Print the Form for your reference

What types of income are subject to 30% withholding and must be reported on Form W-8BEN?

A foreign individual will be subject to the 30% tax rate on any income they receive from the following US sources:

  • Interest – this includes certain original issue discount (OID)
  • Dividends
  • Rental income
  • Royalties
  • Premiums
  • Annuities
  • Compensation for, or in expectation of, services performed
  • Substitute payments in a securities lending transaction
  • Other fixed or determinable annual or periodical gains – or FDAP income- profits, or income

This mandatory withholding tax is applied to the gross earnings of the foreign individual or entity.

What types of income are subject to 30% withholding, but not reported on the Form W-8BEN?

There are some types of income earned in the US that will not be subjected to this 30% withholding tax. These income types include,

  • Broker proceeds
  • Short-term (183 days or less) OID
  • Bank deposit interest
  • Foreign source interest, dividends, rents, or royalties
  • Proceeds from a wager placed by a nonresident alien individual in the games of blackjack, baccarat, craps, roulette, or big-6 wheel

You may still need to submit Form W-8BEN to claim an exception from any US information reporting and the back-up withholding for these types of US source income.

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