Form 1042-S
IRS Form 1042-S is the Foreign Person’s U.S. Source Income Subject to Withholding form. This form is used to report the amount of income received on your behalf by your booking agent or management company. The form is prepared by the management company or withholding agent, submitted to the IRS and copied to the rental […]
Form W-8BEN-E
Form W-8BEN-E is the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities) form. This form is used by foreign entities to document their status for purposes of chapter 3 and chapter 4, as well as other code provisions.
Form W-8ECI
Form W-8ECI is the Certificate of Foreign Person’s Claim for Exemption From Withholding on Income Effectively Connected with the Conduct of a Trade or Business in the United States Generally, a foreign person is subject to U.S. tax on its U.S. source income. Most types of U.S. source income received by a foreign person are […]
Form W-8BEN
Form W-8BEN is the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding. Generally, a foreign person is subject to U.S. tax on its U.S. source income. Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply […]
Understanding US Rental Property Income Withholding
Rental Income withholding of 30% is applied to gross rental income received by a managing or rental agent on behalf of a non-resident owner of U.S. rental property. Non-resident rental property owner Foreign individuals and foreign corporations may elect to have their passive rental income taxed as if it were effectively connected with the U.S. […]