Form W-8 and Form W-9 assistance

  • Support for internal Forms W-8 and W-9​​​​​​​​​

    • Guidance on how to properly complete Forms W-8 and Forms W-9. This will reduce
      withholding exposure and simplify third party based communications. Forms W-8 and W-9
      are continuously requested by financial institutions and third parties, having them ready
      for distribution will ease your compliance burden.  

  • Support for user-provided Forms W-8 and W-9

    • Assistance with the review of third-party forms that the business receives. User-provided forms can be complex
      due to the withholding rates and other requirements. Incorrect forms can lead to penalties, difficult client communication, and wasted time. ​

Character of Payment Determinations and Sourcing Analysis​​

  • Guidance can be provided, or a review can be conducted of any of your payments to assist in determining how the payment should be classified. Payment classifications can be confusing as set forth by the rules and can have a material impact on form collection, withholding, and reporting. For payments to foreign persons, the determination of the source of income is an additional complexity. 

Withholding and Deposit Guidance

  • Assistance with withholding rate requirements can be provided. For deposits with the IRS, guidance on the EFPTS and Fed Wire process is available.

A filled-out IRS W-9 form for requesting taxpayer identification number and certification, including fields for name, business name, federal tax classification, exemption codes, address, social security number, or taxpayer identification number, and signature.

Advisory

Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting. Documentation for a Nonresident Alien receiving U.S. source income such as dividends, interest, or royalties.
Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)
Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. Documentation for a Nonresident Alien providing services physically in the U.S.