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Forms W-8BEN & W-8BEN-E Processing: Compliant Vendor Maintenance
On-Demand Recording
Summary
When working with foreign individuals or entities as vendors, it’s imperative that you understand the ins and outs of IRS Forms W-8BEN and W-BEN-E to avoid compliance headaches.
Don’t get caught off guard! Join our instructor-led, 75-minute event for comprehensive guidance on what to look for when accepting these forms - and when to send them back for correction.
You’ll discover:
- IRS forms collection processes for foreign vendors receiving Non-FATCA
- Four types of Taxpayment Identification Numbers (TIN) & when they’re required
- How to determine when to accept or reject Form W-8BEN & W-8BEN-E
- When & why you may want to use a substitute Form W-8BEN & W-8BEN-E
- When the W-8BEN & W-8BEN-E expire & how to track important dates
- Bonus: Receive an IRS Form W-8 Expiration Date Tracker
Understanding IRS Forms W-8 & When You Need Them
- An overview of the five different IRS W-8 forms
- When a Form 8233 is required and why you need it
- The benefits of using substitute W-8BEN or W-8BEN-E forms
Accepting Vendor Forms: When to Keep & When to Return
- Understanding when to accept your vendor’s W-8BEN form
- Criteria for accepting your vendor’s W-8BEN-E form
- When to reject your vendor’s W-8BEN or W-8 BEN-E form
Withholding Requirements & US Sourced Income
- Withholding requirements for Non-FACTA payments (Internal Review Code chapter 3)
- An overview of US Sourced Income for Non-FATCA payments (Internal Review Code chapter 3)
- The IRS presumption rules for determining Non-US/Foreign status
Question & Answer Session – Have your specific question answered!
Program Benefits
In this 75-minute program, you’ll be equipped to recognize when you should or shouldn’t accept Forms W-8BEN and W-BEN-E from vendors, plus track the expiration dates. You’ll also be prepared to discuss complex reporting and withholding issues with your tax professional.
If you'd like this program customized for your organization, call us at 1-800-964-6033.
We're certain we can fulfill your training needs, while making it fit in your budget!
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HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
SHRM CREDITS
Resourceful Finance Pro is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
