Form W-8IMY: Preparing for Expanded Reporting of U.S. Withholding

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Wednesday, November 7, 2012

Recorded event now available

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Course Materials

This teleconference will provide corporate tax specialists with a detailed review of the planned major update to Form W-8IMY and prepare them to comply with pending changes to forms W-8BEN-E, W-8ECI and W-8EXP.


Complying with IRS withholding rules for income associated with foreign entities or accounts will soon become much more complex. Significant revisions to Form W-8IMY (certificate of foreign intermediary or flow-through, or U.S. branches) are expected, as well as changes to forms W-8BEN-E, W-8ECI and W-8EXP.

Planned changes to Form W-8IMY, released in mid-August 2012, are driven by the new FATCA report. Using a seven-page form (vs. two pages now), taxpayers must identify U.S. persons or entities receiving U.S.-source income in foreign accounts, and complete separate certifications under IRC Chaps. 3 and 4.

Numerous new reporting decisions are required throughout the 24-section W-8IMY. Changes on forms W-8BEN-E, W-8ECI and W-8EXP are less extensive, but will also require taxpayers to make adjustnments. Now is the time for corporate tax specialists to address updated withholding forms.

Listen as our panel of experienced tax advisors analyzes the pending changes to the IRS' W-8 withholding series.



  1. Overarching new demands on Form W-8IMY
    1. Identify U.S. persons or entities receiving U.S.-source income in foreign accounts
      1. Previously, only foreign persons and entities receiving U.S.-source income
    2. Two sets of certifications, each of which involving assumption of withholding
      1. Under Chap. 3, Chap. 4 of Internal Revenue Code
  2. Line-by-line review of planned W-8 revisions
    1. Form W-8IMY
    2. Form W-8BEN-E
    3. Form W-8ECI
    4. Form W-8EXP
  3. General approaches to manage withholding now on income connected to foreign accounts, entities


The panel will explore these and other on-point topics:

  • New identifications, qualified intermediary assumptions and other changes to be required on the updated Form W-8IMY.
  • Material changes and compliance shifts required on other planned revisions to the W-8 series.
  • New approaches to consider in adjusting a company's overall withholding compliance approach to the updated W-8 forms.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


Kelli Wooten
Kelli Wooten

Of Counsel
Burt Staples & Maner

She works on tax withholding and reporting engagements. Before coming to the firm, she worked in domestic and...  |  Read More

Gretchen Wyatt
Gretchen Wyatt
International Senior Tax Manager
Alpern Rosenthal

She works with the firm's international clients on tax provision analysis, international acquisitions and...  |  Read More

Jacqueline Bak
Jacqueline Bak


She specializes in information reporting and withholding, both domestic and NRA, particularly for clients in the...  |  Read More

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