How To Fill Out Form W-8BEN-E Correctly (Updated 2024)

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  • Опубліковано 4 лис 2024

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  • @chloehford
    @chloehford 7 місяців тому +5

    I never leave reviews but I wanted to THANK YOU SO MUCH. Got it finished and sent off in minutes 🙌🎉

  • @XtempoCommunications
    @XtempoCommunications Рік тому +17

    God bless you! I am filling one of these for the first time and was truly confused by it. Your video saved me so much unnecessary stress. Please keep making them!

  • @KearaGraves
    @KearaGraves 8 місяців тому +4

    THANK YOU FOR THIS 🙏🏼🙏🏼🙏🏼 Was so lost until I found this video. I feel much more confident filling out the form & sending it in now!

  • @TheRumaizah
    @TheRumaizah 8 місяців тому +2

    Thanks so much! Straight to the point - Love from Singapore

  • @armandohasudungan
    @armandohasudungan 2 місяці тому

    Thank you James. This form is very confusing but you made it very easy.

  • @SKAMMA1
    @SKAMMA1 8 місяців тому +3

    Thanks for this James. Really unscrambled my brain :)

  • @onurarslan6990
    @onurarslan6990 3 місяці тому +2

    James, I can't thank you enough for this video. My accountant (Canadian based) is CPA accountant and has no idea about this form. This proves how great at your job. Thanks so much for this helpful video.

  • @justintiessen3590
    @justintiessen3590 28 днів тому

    AMAZING ! Thanks for the support - saw this form, got freaked out - then found your channel!

  • @SportsCardsLive
    @SportsCardsLive 7 місяців тому

    Thank you so much James. The form is quite intimidating and you made it very simple for a Canadian Corp to fill it out. Thanks again!

  • @yujgkjhjk
    @yujgkjhjk 2 місяці тому

    Thank you so much for this. First time getting paid from a US company and I freaked out when they sent me this form to fill out.

  • @anansaeliu4145
    @anansaeliu4145 6 місяців тому +1

    THANK YOU! I've been stuck on tax treaty for so long.

  • @bartleymcelroy6867
    @bartleymcelroy6867 8 місяців тому

    Very helpful. Exactly what I needed. The form itself and the official instructions appear very complicated. Your video identifies and focuses on the very small proportion of the form that is relevant and enough for me and probably most other users.

  • @bleachnwow
    @bleachnwow 2 місяці тому

    Thank you so much ! You've made what looked to be a grueling day much much easier !

  • @MJDreams
    @MJDreams 8 місяців тому

    Thank you James! You explained it in fantastic way. Great explanation with some good examples (that matched my area). It seems I would fill it properly, but it's always good to double check some things and get assurance from an expert. Have a great day!

  • @JennyPotgieter-h6b
    @JennyPotgieter-h6b 18 днів тому

    Thank you very much James - a great help! Much appreciated.

  • @reenros
    @reenros 7 місяців тому

    Hi James. Thank you so much for this video. I'm from Malaysia and the instructions alone sent me spinning LOL. You have saved us a lot of time.

  • @guylambert3821
    @guylambert3821 3 місяці тому

    This just saved me about £300 and a lot of stress. Thank you so much!

  • @hannashaps2512
    @hannashaps2512 28 днів тому

    Super helpful, thank you !

  • @leemcmahon2879
    @leemcmahon2879 17 днів тому

    This was sooooo helpful!!!

  • @JustMeNoOther
    @JustMeNoOther 6 місяців тому

    Thank You so much James, you really saved my day with this video, quite important to me to keep your videos. Yes, when our US client sent to me the form, I got intimidated and overwhelmed.

  • @markwebster3095
    @markwebster3095 11 місяців тому +2

    This is so helpful, thank you for saving us a lot of confusion!

  • @taylankammer
    @taylankammer 2 місяці тому

    Incredibly helpful. Thank you so much!

  • @philgriffiths5514
    @philgriffiths5514 7 місяців тому

    That just saved me a shit load of time- Total brain fade when I got this . Thanks James. Now I have to work out how that sign id works🙄

  • @rajpadhiyar7202
    @rajpadhiyar7202 Місяць тому

    Wonderful, Great information. Thank you from Canada.

  • @golfintoko
    @golfintoko 29 днів тому

    THANK YOU SO MUCH!!! You are a lifesaver

  • @Galgotas
    @Galgotas 11 місяців тому

    James you are great and I love the way that you are explaining the W-8BEN-E , you have save me a lot time. THANK YOU SO MUCH and GOD Bless you

  • @markkalyta4560
    @markkalyta4560 4 місяці тому

    Incredibly helpful and beneficial. My thanks!

  • @marciadupiche1656
    @marciadupiche1656 10 місяців тому

    This made the form so easy! I was so intimidated by it at first.

  • @AvecSans-mv8lw
    @AvecSans-mv8lw 5 місяців тому

    Thank you so much for this. Dealing with a US-based company that contracted work here in Australia with Australian team but paid out of US and this was getting horribly confusing. Thank you so much,.

  • @marcelaivonneschiaffini5704
    @marcelaivonneschiaffini5704 8 місяців тому

    Thank you for this video! It really helped me. Greetings from Italy.

  • @kamv8360
    @kamv8360 4 місяці тому

    Fantatsic video Thank you for demystifying this form.

  • @Safeguard-iain
    @Safeguard-iain 5 місяців тому

    Thanks James, super intimidating form made super easy. Appreciated!

  • @djmalcha
    @djmalcha 8 місяців тому

    Thank you very much! You made it really simple.

  • @oldman-smurphee
    @oldman-smurphee 10 місяців тому

    😊😊😊Thx, this was very helpful in completing such a confusing form for a foreign entity.

  • @Leon-fs5qq
    @Leon-fs5qq 28 днів тому

    Thank you so much for this

  • @ClassicsExplained
    @ClassicsExplained 19 днів тому

    Thank you

  • @Bazzinga92
    @Bazzinga92 3 місяці тому

    This video is very helpful! Thank you so much!

  • @AbdulQadoos-n5g
    @AbdulQadoos-n5g 6 місяців тому

    God bless you Sir, you've made my job very easy... respect from Pakistan

  • @richardhammond8579
    @richardhammond8579 3 місяці тому

    Mate thank you! You made tvis so simple!

  • @charalambos.k
    @charalambos.k 7 місяців тому

    Awesome. Thank you so much!!

  • @joannedolfato3632
    @joannedolfato3632 3 місяці тому

    This video is very helpful -- thank you!

  • @IanFHood
    @IanFHood 9 місяців тому

    THANK YOU! Saved me a lot of anxiety!

  • @ravisrox
    @ravisrox Рік тому +1

    Thank you. Saved the day !

  • @dpma65
    @dpma65 8 місяців тому

    really really really can't thank you enough for this video.

  • @parcomphy
    @parcomphy Рік тому +1

    Thank you, this was very helpful. 👏

  • @KittyJin-o1m
    @KittyJin-o1m 8 місяців тому

    Thank you, James, Your video is helpful. Could you please add English subtitles in your video? It will be easier for froeigner to understand every word.

  • @katiasamson4684
    @katiasamson4684 Рік тому

    From Paris ! thank you very much ! most helpful.

  • @williamm6431
    @williamm6431 8 місяців тому

    Thank you . Very Helpful.

  • @levaal1981
    @levaal1981 7 місяців тому

    God bless you for your help!!!

  • @lucascarroll3403
    @lucascarroll3403 6 місяців тому

    LEGEND! Thank you Mr Baker

  • @ianKoker
    @ianKoker 6 місяців тому

    Thank you sir! This made my life so much easier. ❤

  • @Skudevike
    @Skudevike 11 місяців тому

    Great video, thank you for making it. It helped a lot!

  • @ClaudiaVaduvescu
    @ClaudiaVaduvescu Рік тому +1

    Thank you so much!

  • @ByteBoostStudios
    @ByteBoostStudios 2 місяці тому +1

    Quick question...is this only for corporations? What if you are operating as a sole proprietor? This form is required regularly for affiliate income and it's unclear how I would fill this out in that case. Thanks in advance!

  • @callmenaka
    @callmenaka Рік тому

    Eternal Thank You for saving me a day of chaotic panic!

  • @adityamehta2530
    @adityamehta2530 6 місяців тому +1

    Super!

  • @meshdesignprojects7121
    @meshdesignprojects7121 3 місяці тому

    Very helpful, thank you

  • @IjonasKisselbach
    @IjonasKisselbach 6 місяців тому

    You're a star! Thank you so much!

  • @sbssbs3411
    @sbssbs3411 6 місяців тому

    Thank you very much. Very clear!

  • @ricorey3866
    @ricorey3866 2 місяці тому +2

    The federal corporation known as the United States is located in the 10 mi.² of the District of Columbia. Therefore any and every company that is on the landmass known as the United States of America is a foreign company. Therefore, if any US citizen wants to change their nationality or status to Native American to remove themselves from the uniform commerce code fraudulent system that imposes numerous sanctions they made up to do so. Any and every United States American citizen should do this in my opinion, therefore, if any citizen works for a company they should also be submitting this W8BEN form to their employer because taxes imposed upon every American citizen is a fraud and 99.9% of the world has not woken up to it just yet, but the movement is growing.

  • @LeilaKairns
    @LeilaKairns 10 місяців тому

    Hello! thanks for this! I'd love to get a video on the last part please. We are Canadian company just exporting our beverage to USA, we want to make sure we are not missing anything. thank you!

  • @oliverqamili6314
    @oliverqamili6314 6 місяців тому +1

    Part I / 4 - Chapter 3 status: The word "Corporation" sounds very big.
    Am I a corporation if I own a small business (not an LTD or LLC) and I am to translate for and receive payments from a company in the USA?

  • @alkeryn1700
    @alkeryn1700 9 місяців тому

    thank you, you are a life saver !

  • @tmurrayis
    @tmurrayis 10 місяців тому

    Thanks for this; my eyes glazed over when I first opened the form to complete. I own an investment company and have a self controlled investment portfolio through CIBC. They want this form completed so I am able to ipurchase US dividend stocks. From the video I surmised my entity is passive (dividend income only). Further, I also believe Canada Revenue Agency allows the tax withheld on US dividends earned to be deducted from income so no need to get the withholding tax back from the US.

    • @andyhendershotrealestate
      @andyhendershotrealestate 8 місяців тому

      Did you have to get an EIN for your company?

    • @tmurrayis
      @tmurrayis 8 місяців тому

      @@andyhendershotrealestate I did but it took several tries before I filled it out correctly and it was accepted.

    • @andyhendershotrealestate
      @andyhendershotrealestate 8 місяців тому

      @@tmurrayisthanks. I needed 2 tries as well when doing my personal ITIN. Amazing how complicated this stuff is.

  • @drhounsell
    @drhounsell 5 місяців тому

    This is great! Could you tell what else needs to be done on the form for a Canadian Charity?

  • @lioryakobi8751
    @lioryakobi8751 Рік тому +1

    You helped me!!

  • @eulynwebb-theresourcefulgl4756
    @eulynwebb-theresourcefulgl4756 9 місяців тому

    Thank you...super helpful

  • @BradSacksMontreal
    @BradSacksMontreal 4 місяці тому

    Great video!! One quick question, we are a Canadian corp, so which # should be entered as the Foreign TIN?

  • @hershvinayak8955
    @hershvinayak8955 5 місяців тому

    This was really helpful. One thing I'm a touch confused about is what if I'm a foreign business and invest in the US stock market in my corporation. Should I be filling out the tax treaty benefits section and what is the easiest way to find the info needed for a Canadian corp.

    • @JamesBakerCPA
      @JamesBakerCPA  4 місяці тому

      If you are investing in dividend stocks then yes fill out the treaty portion

  • @belalaloul3727
    @belalaloul3727 Місяць тому

    thank you for taking the time. is FTIN legally required if I am a Canadian living in Canada and my company is Canadian and selling online services to American companies? if so how do I get a FTIN?

  • @PicVideoStudio
    @PicVideoStudio 8 місяців тому

    Thank you Sir!

  • @teresitaorozco6445
    @teresitaorozco6445 Рік тому +1

    ¡¡Muchas gracias!!

  • @Tia-zp1zt
    @Tia-zp1zt 7 місяців тому

    Thank you!!

  • @daniellewallace2047
    @daniellewallace2047 7 місяців тому

    I feel like this form is a test to see what you know. The journey continues.

  • @andreasnitsche7416
    @andreasnitsche7416 9 місяців тому

    Hey James, thank you for this video, that clarified a lot, already. I was requested to fill this form to open a financial depot with my holding company to store stocks into it. I don't know if stock dividends are really a type of "paid by a U.S. company". Do I really need this form with a company depot? Maybe you have an easy answer. Thanks in advance.

  • @JosephRoberts-n3y
    @JosephRoberts-n3y 2 місяці тому

    I have foreign Employees working for my company remotely and independently.
    Do i need their W8 BEN? and how do i add those money i pay to them?

  • @MateValtr
    @MateValtr 11 місяців тому

    Hey James! Fantastic video.
    All very clear from start to the end. But what if you actually send a representative to the US to, say, film an event? Does the W8-BEN-e form still apply?

  • @jaym7178
    @jaym7178 2 місяці тому

    Hi i need some clarification on part 1 section 9b and 9c im in the UK selling in the USA i have a ein number what should i put in those section Thanks

  • @marilynjackson4580
    @marilynjackson4580 4 місяці тому

    So, if you are a W2 employee, would you fill out this form if you do not want to payroll taxes taken out?

  • @karenhomer9584
    @karenhomer9584 2 місяці тому

    What should be filled in if the entity is an Estate?

  • @madebypete
    @madebypete Рік тому

    Thanks for the video. Does this only apply to companies doing work in the USA without traveling to the USA? If i'm traveling to USA for work on an 0-1 visa, would I need to complete a different form?

    • @JamesBakerCPA
      @JamesBakerCPA  Рік тому

      Hey, this depends on a few things, like type of work. Happy to chat with you on a free call - jamesbakercpa.com/schedule

  • @Baig-r3u
    @Baig-r3u 7 місяців тому

    Hello James! Love it but I need help to file W-8BEN-E FOR MY Swedish client. Please help

  • @RachelJkson
    @RachelJkson 8 місяців тому

    Hi James, how would a corporation from a non-tax treaty country complete this form? Or would they not have to? There are no US offices or agents ever performing any duties on US soil.

  • @jaym7178
    @jaym7178 2 місяці тому

    Is this form for foreigner who have disregarded entity in the US Thanks

  • @jaichellemendoza3856
    @jaichellemendoza3856 Рік тому +1

    Hi James, I have a question. It says that Form W-8BEN-E expires after 3yrs from the year it was signed. Should we file another Form W-8BEN-E once it expires or is there a way to make the validity period indefinite for this form? Thanks!

  • @libslewis8786
    @libslewis8786 27 днів тому

    would a W - 8BEN or a W - 8BEN -E be needed to sell my late fathers US shares? (both of us UK citizens). Thanks

  • @d.j.access
    @d.j.access Місяць тому

    Good Morning I'm living in Jamaica and signed up a from similar to what you are speaking on but they are withholding tax for me so i want like to if they should are they should not for i don't think it is a w-8ben-e from i fill out i think it is a w-8ben i just need you to i make music so let me know if i did something wrong or it okay for them to be with holding tax for me.

  • @devilskintarot6151
    @devilskintarot6151 5 місяців тому

    Can we use this to set our own wages? I can't make it off $8/ hourly

  • @FRTOrganTv
    @FRTOrganTv 20 днів тому

    I filled my w8ben out gave it to hr , they aren’t taking fed tax but they are still withholding state ??? Why ?

  • @AIILECTURES
    @AIILECTURES 8 місяців тому

    Hi James. I am from Malaysia and I would like to seek for your advice. I am from a government university in Malaysia and I would like to know which box should we fill in if we are a government body? Also, are we required to fill in the GIIN?

  • @tymek.bielinski
    @tymek.bielinski Місяць тому

    I filed the form sent to my client and now what? Is there anything else they have to do with it?

  • @vishnuvijayan2241
    @vishnuvijayan2241 5 місяців тому

    For LLC Company, how to fill this form?

  • @kunjshah929
    @kunjshah929 4 місяці тому

    Hi jamesh,
    I am an Indian partnership law firm providing having US cleints. Which form do i need to provide to my US cleint. Form W8BENE OR W8IMY??

  • @Ayya-g3s
    @Ayya-g3s 3 місяці тому

    I only own a firm I do not own a company but paypal wanted me to fill this form when I changed my paypal account to business, what do I do? No US company is paying me, I'm not even related to US in any way

  • @PecanFamilyVacations
    @PecanFamilyVacations 4 місяці тому

    is the TIN the same as business number ?

  • @KingParekoyTv2021
    @KingParekoyTv2021 5 днів тому

    How to request this form again because my form is missing because of the typhoon Kristine 😢

  • @8eightkpop
    @8eightkpop 9 місяців тому

    James, one question. My company in Hong Kong used to give W8-IMY to our clients for making payments to us. Now a new client accepts only W8-BEN. Let's say we complete the W8-BEN form this time, will this be an issue? Will the IRS trouble us in any way? Thank you!

    • @JamesBakerCPA
      @JamesBakerCPA  8 місяців тому

      Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁

  • @MathiasAagaard-l3f
    @MathiasAagaard-l3f Рік тому

    I would like to see. How to file form 1120f- protective return

  • @noelt834
    @noelt834 8 місяців тому

    @JamesBaker How to get Foreign TIN?

  • @NzamOgbeCultureTv
    @NzamOgbeCultureTv 3 місяці тому

    How will i submit this form online?