May 19, 2013

CA CS ICWA KNWOLEDGE HUB - USA (UNITED STATES OF AMERICA) - Tax Laws - Form 1040EZ- Income Tax Return for Single and Joint Filers With No Dependents / Form 1040 / 1040A - U.S. Individual Income Tax Return Forms / Form W-8BEN - Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding / FORM W-8ECI-Certificate of Foreign Person’s Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States

  UNIVERSAL KNWOLEDGE HUB

IRS - WEBSITE

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 Form 1040EZ -  Income Tax Return for Single and Joint Filers With No Dependents - Income tax return filed by certain citizens or residents of the United States.

                                   View Instructions for Form 1040EZ 

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 Form 1040A - U.S. Individual Income Tax Return - Individuals can file this form who have varied incomes and would like to take various deductions.

                           Instructions for Form 1040A 

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Form 1040 - U.S. Individual Income Tax Return - Annual income tax return filed by citizens or residents of the United States.


                    Instructions for Form 1040   


                               Form W-8BEN


A W-8BEN form is a certificate of foreign status of beneficial owner for United States tax withholding.

Give this form to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding. Submit Form W-8BEN when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding.



Purpose of form 

Foreign persons are subject to U.S. tax at a 30% rate on income they receive from U.S sources that consists of :

  • Interest (including certain original issue discount (OID))
  • Dividends;
  • Rents;
  • Royalties
  • Premiums
  • Annuities
  • Compensation for, or in expectation of services performed
  • Substitute payments in a securities lending transaction; or
  • Other fixed or determinable annual or periodical gains, on a properly completed Form W-8BEN to treat a profits, or income.

If you receive certain types of income, you must provide Form W-8BEN to:
  • Establish that you are not a U.S. person;
  • Claim that you are the beneficial owner of the income for which Form W-8BEN is being provided or a partner in a partnership subject to section 1446; and
  • If applicable, claim a reduced rate of, or exemption from, withholding as a resident of a foreign country with which the United States has an income tax treaty.


FORM W-8ECI-  Certificate of Foreign Person’s Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States

                                     VIEW INSTRUCTIONS FOR FORM W-8ECI



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