Tag Archives: Form W-9

IRS Form W-9

June 26, 2013  |   Posted by :   |   International Tax Planning   |   0 Comments

IRS Form W-9 is used by a person who files information returns with the IRS to report transactions.  A U.S. Person (including a resident alien) provides their current Taxpayer Identification Number to the person requesting it (“The Requestor”). Summary The Requestor uses the U.S. Person’s Taxpayer Identification Number (“TIN”) to report: 1. Income Paid (to […]

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Non-Qualified Intermediary – NQI

February 27, 2013  |   Posted by :   |   Qualified Intermediary   |   0 Comments

Payors of U.S. source income to a NQI can treat the payment as reasonably associated with valid documentation from a specific payee, if prior to making the payment; 1. The payor can allocate the payment to a valid Form W8 IMY; 2. The payor can determine how much of the payment relates to valid documentation […]

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FATCA – Foreign Financial Institutions – Qualified Intermediary

January 04, 2013  |   Posted by :   |   FATCA/FBAR   |   0 Comments

Under the 2010 HIRE Act (IRC §1471(c)(1)), a foreign financial institution that is a party to a qualified intermediary agreement with the IRS must report the following information regarding each U.S. account maintained by the institution: 1) The name, address, and TIN of each account holder that is a specified U.S. Person; 2) The name, address and […]

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