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Sunny Day · 06-02-2012, 08:15 AM

I'm saying that the IRS is going to demand a W8 or W9 from everybody I pay. You might occasionally get an auditor to accept an alternate letter, but agents work on a quota system to bring in as money as fast as possible.
A foreign entity without a W8 is a huge red flag. The agent will assume the US corp. is funneling money offshore illegally. This means the US corp. and all owners of the US corp. will get full tax audits.
Their choice, a W8 from you, not do business with you or a full audit. Which do you think they will take. At best the IRS agent will demand the US corp. withhold 30% of your payments.
The IRS isn't stupid. These alternate letters are an attempt to avoid taxes in your home country. That's why they have tax treaties. To share information.

06-02-2012, 08:15 AM
Sunny Day Confirmed User Industry Role: Join Date: Dec 2010 Posts: 1,406	US Companies I'm saying that the IRS is going to demand a W8 or W9 from everybody I pay. You might occasionally get an auditor to accept an alternate letter, but agents work on a quota system to bring in as money as fast as possible. A foreign entity without a W8 is a huge red flag. The agent will assume the US corp. is funneling money offshore illegally. This means the US corp. and all owners of the US corp. will get full tax audits. Their choice, a W8 from you, not do business with you or a full audit. Which do you think they will take. At best the IRS agent will demand the US corp. withhold 30% of your payments. The IRS isn't stupid. These alternate letters are an attempt to avoid taxes in your home country. That's why they have tax treaties. To share information.