IRS Forms W-8BEN and W-9 Compliance: New Information Requirements and ECI Rules
Withholding Agents' Certification and Withholding Duties in Foreign and U.S. Business Transactions
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide corporate tax advisers with a detailed and practical guide to Form W-8BEN. The panel will describe the most recent changes to Form W-8BEN. The webinar will offer useful tips to complete the form, including the treaty position references and issuing Form W-8 from the payor's and payee's perspectives.
Outline
- Who must complete Form W-8BEN and related disclosures
- Form for entities
- Data collection and form validation challenges
- Impact of partnership centralized audit regime on push-out elections and withholding for non-U.S. partners
- Significant ongoing compliance challenges with W-8BEN and W-9
Benefits
The panel will review these and other key issues:
- Implications of the new requirement for a foreign tax identifying number
- Circumstances that require payor companies to obtain a form from payees or to withhold because they haven't received a valid form
- Tactics for performing a line-by-line review to ensure a form is accurate and complete
- Red flags for IRS auditors right now when they look at Form W-8BEN or Form W-9 pulled from your company's files
- When and what equivalent forms are acceptable
- Automatic exchange of information (AEoI) and W8 series/W9
Faculty
Dirk Gifford
Managing Director, International Tax Services
KPMG US
Mr. Gifford serves in the firm's International Corporate Services Practice. He focuses on working primarily with... | Read More
Mr. Gifford serves in the firm's International Corporate Services Practice. He focuses on working primarily with U.S. and foreign-owned multinational corporate clients with either U.S. inbound or outbound activities. Mr. Gifford is experienced in complex structuring planning, provision preparation assistance and review, and tax compliance preparation for companies in the communications, financial services, and defense contractor industries. He is a frequent author and speaker on tax issues.
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Armin Gray
Managing Partner
Gray Tolub
Mr. Gray's practice is focused on tax controversy, IRS Offshore Voluntary Disclosure programs, FATCA, and... | Read More
Mr. Gray's practice is focused on tax controversy, IRS Offshore Voluntary Disclosure programs, FATCA, and international taxation. He is an adjunct professor at New York Law School where he teaches a course on the taxation of intangible property. He is a frequent presenter and writer on various corporate and tax topics. Prior to forming his firm, he was an attorney at several large law firms, where he focused on capital markets, financial products, international tax, and corporate and partnership tax.
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Natalia Pivovarova
Attorney
Gray Tolub
Ms. Pivovarova concentrates her practice on taxation, focusing on taxation of real estate transactions and... | Read More
Ms. Pivovarova concentrates her practice on taxation, focusing on taxation of real estate transactions and international tax. Prior to pursuing LL.M. and joining the firm, Ms. Pivovarova worked for three years in a law firm in Russia specializing in corporate law and international tax planning.
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Andrew W. Rhodes
Senior Manager, International Tax
KPMG
Mr. Rhodes deals with a broad spectrum of international corporate tax issues including those relating to Private... | Read More
Mr. Rhodes deals with a broad spectrum of international corporate tax issues including those relating to Private Equity, Structural Planning & Entity Choice, CFCs, Subpart F, PFIC analysis, 338(g) Asset Allocations, Foreign Tax Credits, Treaty issues, and a variety of other tax consulting issues. On the accounting side, he has extensive experience with international tax compliance (Forms 5471, 8858, 8865) and related issues in both the corporate and partnership areas.
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