Its really cool how accounting helps people when figuring out how to run their business.
@user-vb2vh7bn9e
8 ай бұрын
Would the owner of a US C corp that is also a NRA that receives a dividend from the US corp have to file this form?
@ScottJLetourneau
Жыл бұрын
Suppose a marketplace does not allow for the option for a W-8ECI and only the W-8BEN for a non-resident individual. In that case, does that automatically mean you are not subject to U.S. taxes, or even with the W-8BEN, you may still be subject to U.S. taxes if you have ECI and USTOB, but how do you report that on the 1040NR with no 1042-S from the withholding agent (because they only used W-8BEN)?
@JasonDKnott
Жыл бұрын
It's a good question. If the marketplace only accepts the Form W-8BEN, W-8BEN-E, or W-8IMY, then they are likely assuming the earnings are FDAP income (either U.S. or foreign source). The nonresident can certainly still have a USTOB and ECI because of activities that don't directly involve the marketplace. In other words, the marketplace would never have a full picture of nonresident's activities in the U.S., so it is not the marketplaces' responsibility to determine whether the nonresident has a USTOB. A nonresident that makes the determination it has a USTOB and ECI would still have to file a tax return and pay taxes on a net basis, even in cases where a Form 1042-S was not issued.
@ScottJLetourneau
Жыл бұрын
Thanks, Jason, that makes sense. I believe that most non-resident Amazon sellers believe they do not have USTOB and ECI because of the W-8BEN or W-8BEN-E only option (Walmart has the W-8ECI option). As you have said, the marketplace will not know what other factors are unique to each non-resident seller's situation to determine what U.S. tax is owed (if any) and what returns are due. @@JasonDKnott
@HapaHariaEverywhere
8 ай бұрын
Filling this as required by VRBO, however, I dont think am eligible. My short term rental is in KENYA, I just list on vrbo....am also stuck on how to fill this. Each time I do, its declined.
@ApekshaJain-rp8zx
11 ай бұрын
Can I prepare W-8 ECI for a SMLLC (U.S.) using EIN of SMLLC in U.S. instead of ITIN?
@toyashiindia
Жыл бұрын
how where to submit this form please let us know
@bonniebornacelli1277
2 жыл бұрын
It's not clear for me the sale of inventory. I work for an ice pop company. We occasionally buy silicone molds from an Italian vendor. They have the inventory in Italy and ship it to us when we place a purchase order. Do they have to pay taxes in the US for these sales? Do we have to withhold 30% or just ask for the form W-8ECI?
@ApekshaJain-rp8zx
11 ай бұрын
Will 2 W-8 ECI be needed for a MMLLC?
@C-lanC-lan
Жыл бұрын
Helo Jason, as an affiliate marketing partner from europe for a us online shop, I should use the W-8BEN?
@richierichards77
2 жыл бұрын
Hi Jason, What if I am a sole proprietor of a company and selling IT services to US through my proprietorship company? Which form will be suitable for me?
@JasonDKnott
2 жыл бұрын
It depends upon whether you are engaged in a U.S. trade or business and have ECI. If you have ECI with a U.S. trade or business, the Form W-8ECI is appropriate to provide to withholding agents. If not engaged in a U.S. trade or business, then you would prepare a Form W-8BEN and provide that to the withholding agents.
@Korbala.
Жыл бұрын
hello, do I need to have a company account to fill out this document?
@tanzaniachannel8519
Жыл бұрын
Hello! I am from Tanzania how I know my references number in item number 9!
@zakg4009
2 жыл бұрын
what if im selling music online
@JasonDKnott
2 жыл бұрын
it depends upon what platform you use and how they characterize the income. most platforms will treat the payments as royalty income, which is sourced to where the purchaser lives. you'll likely need a form w-8ben or w-8ben-e instead of the w-8eci
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