what the fuck is a W8 form?

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  • FlyingIguana
    aspiring banker
    • Mar 2002
    • 10870

    #1

    what the fuck is a W8 form?

    its all in the subject
  • Va2k
    I’m still alive barley.
    • Oct 2001
    • 10060

    #2
    its for taxes mate

    Comment

    • FlyingIguana
      aspiring banker
      • Mar 2002
      • 10870

      #3
      i'm not american tho...

      Comment

      • LadyD
        Confirmed User
        • Jun 2002
        • 471

        #4
        Originally posted by FlyingIguana
        i'm not american tho...
        Then you would use a W8

        If you were american you would use a W9.

        Hope that helps.

        Comment

        • FlyingIguana
          aspiring banker
          • Mar 2002
          • 10870

          #5
          in 4 years i haven't had to fill out a W8 form. so whats the purpose of it?

          Comment

          • LadyD
            Confirmed User
            • Jun 2002
            • 471

            #6
            Originally posted by FlyingIguana
            in 4 years i haven't had to fill out a W8 form. so whats the purpose of it?
            Since you're in Canada and I'm assuming you're getting paid by a US sponsor, you might be required to sign a W8. I work for a brokerage firm and right after 9/11 our compliance department had us pull all files for non-US accounts, review them and contact the clients to make sure their address, phone numbers and what not were still accurate.


            I'm not insinuating that this is the case but play it safe and contact the company who sent it to you and also your accountant/tax preparer. They might just tell you to throw it out but one phone call now could save you 20 later.

            Comment

            • FlyingIguana
              aspiring banker
              • Mar 2002
              • 10870

              #7
              i don't have an accountant. i contacted the company who's site says i need to fill out the W8 form.

              still doesn't answer my question as to what the purpose is? no other sponsor mentioned a W8 form before.

              Comment

              • LadyD
                Confirmed User
                • Jun 2002
                • 471

                #8
                Originally posted by FlyingIguana
                still doesn't answer my question as to what the purpose is? no other sponsor mentioned a W8 form before.
                can't answer that but here's the actual form:

                http://www.irs.gov/pub/irs-pdf/iw8imy.pdf

                Comment

                • Gemini
                  Confirmed User
                  • Jan 2001
                  • 7183

                  #9
                  http://www.irs.gov/pub/irs-pdf/iw8imy.pdf
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