The main purpose of Form W-8BEN is for individuals to certify that they are not a U.S. citizen (or other U.S. person, such as a resident alien individual). Therefore, Form W-8BEN should be used [...]
Under FATCA, foreign financial institutions (i.e. banks, etc.) are required to report information about their clients that are U.S. taxpayers to the U.S. Internal Revenue Service (IRS). Banks may [...]
The Foreign Account Tax Compliance Act (FATCA) was enacted by the U.S. Congress in 2010. FATCA aims to target non-compliance by U.S. taxpayers using foreign (bank) accounts. Under FATCA, foreign [...]