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IRS REQUESTS FEEDBACK ON NEW WITHHOLDING FORMS.

FEB. 18, 1998

Announcement 98-15; 1998-1 C.B. 668

DATED FEB. 18, 1998
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Subject Areas/Tax Topics
  • Index Terms
    forms, federal
    IRS forms
    aliens, nonresident, withholding
    foreign firms, withholding
    exempt organizations, foreign
    foundations, foreign
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 1998-6413 (8 original pages)
  • Tax Analysts Electronic Citation
    1998 TNT 33-4
Citations: Announcement 98-15; 1998-1 C.B. 668

Announcement 98-15

[1] The Internal Revenue Service announces that it is requesting comments from the public on proposed new Forms W-8, W-8A, W-8B, W-8C. These forms are being developed as a result of final regulations published on October 14, 1997, relating to the withholding of income tax under sections 1441, 1442, and 1443 on certain U.S. source income paid to foreign persons. T.D. 8734, 62 F.R. 53387; 1997-44 I.R.B. 5. These regulations, which provide for the use of several withholding certificates, will be effective January 1, 1999.

[2] Form W-8 (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) would be provided to a withholding agent or payer by a beneficial owner of certain types of income to establish foreign status, to claim that such person is the beneficial owner of the income for which the form is being furnished, and if applicable, to 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.

[3] Form W-8A (Foreign Person's Claim of Income Effectively Connected With the Conduct of a Trade or Business in the United States) would be provided to a withholding agent or payer by a foreign person claiming that certain income is effectively connected with the conduct of a trade or business in the United States.

[4] Form W-8B (Certification for United States Tax Withholding for Foreign Governments and Other Foreign Organizations) would be provided to a withholding agent or payer by a foreign government, international organization, foreign central bank of issue, or foreign tax-exempt organization to claim that such organization is the beneficial owner of the income for which the form is being furnished, and if applicable, to 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.

[5] Form W-8C (Certificate of Intermediary for United States Tax Withholding) would be provided to a withholding agent or payer by an intermediary either to make representations regarding the status of beneficial owners of the amount paid or to transmit appropriate documentation to the withholding agent.

[6] This announcement provides draft copies of proposed Forms W-8, W-8A, W-8B, and W-8C. The forms are being issued without the instructions so that withholding agents can adapt their systems to comply with the regulations. Based on comments, the forms may be revised, and together with instructions, will be re-issued for further comment as part of the OMB approval process.

[7] The IRS would like to receive comments on these proposed draft forms from all interested persons by April 8, 1998. Please send comments to Chairman, Tax Forms Coordinating Committee, Internal Revenue Service, T:FP, Room 5577, 1111 Constitution Avenue N.W., Washington D.C. 20224.

       [Editor's Note: The following forms are available from

 

       Tax Analysts' Access Service as Doc 98-6413 (8 pages)]

 

 

                              FORMS W-8

 

          CERTIFICATE OF FOREIGN STATUS OF BENEFICIAL OWNER

 

                  FOR UNITED STATES TAX WITHHOLDING

 

 

                           [form omitted]

 

 

                              FORM W-8A

 

       FOREIGN PERSON'S CLAIM OF INCOME EFFECTIVELY CONNECTED

 

    WITH THE CONDUCT OF A TRADE OR BUSINESS IN THE UNITED STATES

 

 

                           [form omitted]

 

 

                              FORM W-8B

 

         CERTIFICATION FOR UNITED STATES TAX WITHHOLDING FOR

 

         FOREIGN GOVERNMENTS AND OTHER FOREIGN ORGANIZATIONS

 

 

                           [form omitted]

 

 

                              FORM W-8C

 

    CERTIFICATE OF INTERMEDIARY FOR UNITED STATES TAX WITHHOLDING

 

 

                           [form omitted]
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Subject Areas/Tax Topics
  • Index Terms
    forms, federal
    IRS forms
    aliens, nonresident, withholding
    foreign firms, withholding
    exempt organizations, foreign
    foundations, foreign
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 1998-6413 (8 original pages)
  • Tax Analysts Electronic Citation
    1998 TNT 33-4
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