W-8 Forms for International Users

[iholmes297]

I know you guys are going to be angry when you hear about this but I was recently told that now I not only have to collect a W-9 (or W-8 for international users) for single gifts over $600, but now I need to collect one if the total value of all the gifts sent is over $600. If you have received over $600 in gifts and have not sent a W-9 when you login you will be have to submit one before continuing any of our sites. However, to make it easier for you we have gotten the authorization to use online W-9 signing meaning you only have to enter the info online (we have bought a SSL certificate so your information is safe when submitted, and it is NOT stored online so hackers cannot steal it) instead of going through the hassle of sending the actual form in or scanning us a copy. Sorry guys, but I just recently was told that I have to do this by my accountant.

This was posted by Peter, the owner of free4me on Anything4free yesterday.

The W 8 form hasn't been put online for international users yet, but should be on soon.

[Bazza]

so in short what does this mean? that if we have received more than $600 dollars worth of goods from all free4me sites, we have to send a W-8 form?

[iholmes297]

They have put the form online, so you can fill in the details on your account, you will have to fill it in if you have received more than $600 worth of stuff before you can get into your account.

[FC4F]

Here's the link from the IRS website:

http://www.irs.gov/pub/irs-pdf/fw8ben.pdf

[Bazza]

how do you sign an online form?

[macdady]

anyone filled out this form yet? Im having trouble submitting the form as i cannot fill all the required fields

[iholmes297]

Yeah I filled it in a couple of days ago, which fields are you not sure about?

[macdady]

Well ive filled out name, address, country of residence etc. What about ref numbers and Claim of Tax Treaty Benefits? Most of it applies to US residents!

[iholmes297]

I just ignored those, as they dont apply, in all I only really had to fill in my name, address etc. and the other bits about me being an individual etc.

[macdady]

This is bugging me, i just tried to submit the form and it says 'please complete all the required fields!

[iholmes297]

have you filled in the one right at the very bottom, I think i missed it first time.

[macdady]

yep done that, what did you fill out exactly?

[iholmes297]

The very last thing was the capacity in which acting, and I put beneficial owner.

[macdady]

Originally Posted by iholmes297

The very last thing was the capacity in which acting, and I put beneficial owner.

Sorted

[biggad]

got this guide to W-8BEN from work if it helps anyone


1 - Name of Individual - Full name required, and if account is a joint account, all account holders must complete a separate form W-8BEN
2 - Country of Incorporation - Not applicable for personal clients
3 - Type of beneficial owner - Tick the “Individual” box (Personal Clients only)
4 - Permanent residence address -This must include postcode. If you reside in England, Wales, Scotland, or Northern Ireland, you must enter – United Kingdom in the Country (do not abbreviate) box. This must not be a P.O. Box number, or the address of a Financial Institution.
5 - Mailing address - Only insert address if different from permanent residence address. If you are confirming a U.S. mailing address, please supply both additional documentary evidence of foreign status and a reasonable explanation in writing.
6 - U.S. taxpayer identification number (TIN) - If you have a TIN (or US Social Security Number) please supply a written letter of explanation.
7 - Foreign tax identifying number - Optional
8 - Reference number(s) - Optional
Part ll
9 a - The beneficial owner is a resident of: - Tick box & insert the name of the country of which you are claiming to be resident for the purpose of receiving the reduced rate (this would normally match your country of permanent residence). If you are claiming tax residency in England, Wales, Scotland, or Northern Ireland, you must enter - United Kingdom (do not abbreviate).
9 b-e - Other claims relating to non- Individuals. - Not applicable
10 - Special rates and conditions - Line 10 must only be used if you are claiming treaty benefits that require that you meet conditions not covered by the representations you make in lines 9a.
Part lll
Notional Principal Contracts
11 - Generally not applicable to any assets held under our custody agreement (SWAPs)
Part lV
Certification
Sign Here - Usual signature required
Date - Mandatory – must be completed
Capacity in which acting - A form signed by an “Individual” can be left blank. Note: (If you are signing the form under a Power of Attorney you may wish to contact us before returning the form).

[hinz]

How do I get to the form on the Free4Me site?

I'm gonna need to fill it out soon for macs

cheers
hinz

[iholmes297]

The form comes up automatically once you have received gifts over $600 in value.

[hinz]

Originally Posted by iholmes297

The form comes up automatically once you have received gifts over $600 in value.

Thanks
hinz