![]() If the filer is a Nonqualified Intermediary, then the filer must complete Part IV Nonqualified Intermediary. If the filer is a Qualified Intermediary, then the filer must complete Part III Qualified Intermediary.Question 4 of Part I requests the QI status: Part I of the form requires general information, the Chapter 3 QI status, and the Chapter 4 FATCA classification of the filer. Part I of the W8-IMY Form adds FATCA classification. Part II Disregarded Entity or Branch Receiving Payment.The filer should give Form W-8IMY to the withholding agent requesting it before income is paid, credited, or allocated to the filer account. Generally, this withholding agent will be the one from whom the filer receives a payment, who credits the filer’s account, or a partnership that allocates income to the filer. Instead, the filer gives it to the withholding agent who is requesting it. The filer does not send Form W-8IMY to the IRS. The new 2014 Form W-8IMY is vastly different from the seven-part 2006 predecessor form.įiling Form W-8IMY with the withholding agent before payment. The new Form W-8IMY has 28 parts whereas the previous August 2013 FATCA draft W-8IMY only contained 26. Form W-8IMY requires a tax identification number. branch, a qualified intermediary, a non-qualified intermediary, foreign partnership, foreign grantor or a foreign simple trust. On Jthe IRS released the new Form W-8IMY instructions.įorm W-8IMY is submitted generally by a payment recipient (the “filer”) with non-beneficial owner status, i.e. ![]() Branches for United States Tax Withholding and Reporting) ![]() W-8IMY ( Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. ![]()
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