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#2228394 - 01/07/20 06:27 PM W8-BEN Federal Withholding
OpsGenie Offline
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Joined: Jan 2014
Posts: 20
We are getting ready to work on our withholding list for those customers that did not complete a form for recertification. My question is, if the primary owner completed a W8-BEN form, do I still need to review the secondary owner to ensure they completed one too or can I just look at the primary owner who is the tax reporting name on the account?

Any insight to this question would be very helpful to us.

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#2228489 - 01/08/20 02:23 PM Re: W8-BEN Federal Withholding OpsGenie
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
From the instructions:

If you own the income or account jointly with one or more other persons, the income or account will be treated by the withholding agent as owned by a foreign person that is a beneficial owner of a payment only if Forms W-8BEN or W-8BEN-E are provided by all of the owners. If the withholding agent or financial institution receives a Form W-9 from any of the joint owners, however, the payment must be treated as made to a U.S. person and the account treated as a U.S. account.
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