Designate the accounts for which you assume primary withholding responsibility, AND.Designate the accounts for which you are acting as a QI,.beneficial owner in addition to the withholding statement if you meet this condition. *You must also furnish IRS Form W-9 for each non-exempt U.S. You do not assume primary Form 1099 reporting and backup withholding responsibility for any applicable non-exempt U.S.You do not assume primary withholding responsibility for your beneficial owners, or.You are claiming a reduction in the statutory rate of U.S.Note: If you are an intermediary who receives Royalty income and allocations are based on sales by author, you do not need to complete the “Allocation of Payments” column at this time.Ī withholding statement is required if you meet one or more of the following conditions:.Withholding statement (a template can be found here).tax forms and who should complete them is provided near the mailing address below. Similarly, partnerships generally must submit a U.S. tax form for each underlying owner that they represent. For example, agents generally must submit a U.S. tax form, such as a W-8BEN or W-9, for each ultimate beneficial owner. What this means: you must provide a U.S.source payments (30%), you must also provide: If you wish to claim a reduction in the statutory rate of U.S. Nonqualified Intermediary (NQI), Nonwithholding Foreign Partnership, Simple Trust or Grantor Trust
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