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DRAFT Instructions for Requester of Forms W-8!!

DRAFT Instructions for Requester of Forms W-8!!

On May 7, 2022, the Internal Revenue Service (IRS) published DRAFT Instructions for the Requester of Forms W-8BEN, BEN-E, ECI, EXP, and IMY, revised as of June 2022. These instructions address updates that the IRS made to Forms W-8 and their accompanying instructions over the last year. The DRAFT Instructions to Requester include guidance regarding the following:

  • Section 1446(f).
  • Section 871(m) regulations and qualified securities lenders (QSLs).
  • Foreign Taxpayer Identifying Number (FTIN) and where they are not legally required.
  • Nonqualified Intermediaries (NQIs) that provide alternative withholding statements.
  • Electronic signatures.
  • Section 6050Y reporting

Check out the DRAFT Instruction for the Requester of Forms W-8BEN, BEN-E, ECI, EXP, and IMY (Rev. June 2022) here:

https://www.irs.gov/pub/irs-dft/iw8–dft.pdf

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DRAFT Instructions for Requester of Forms W-8!!

This document contains general information only and is not a substitute for accounting, tax, or any other professional advice or services. The information provided is considered accurate at the time of publishing and will not be updated with new regulation requirements.

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