Hoping someone here will be able to advise. I'm opening a new site with xxx wam stuff and will be selling via UMD.
Am just filling out the W8BEN form as I am a UK citizen and slightly confused as to what I need to put / if I need to at all fill out Part 2 Lines 9 and 10 on the form which is the Claim of Tax Treaty Benefits section.
Have read lots on the IRS website but still no clearer. Any UK folks that use UMD able to help me out?
From what I can work out if you just fill in that you're from the UK that's fine as (from what I can work out but don't quote me as I'm no expert) we are exempt under a tax treaty.
There was a very useful and informative thread about this in the Male WAM forum which loads of people, some of them quite knowledgeable about US tax, had contributed, with links to various IRS documents and explanations.
Unfortunately it seems to have been deleted.
From what I remember of it, the important bits for UK producers are boxes 9 and 10, and that we can claim exemption for "photo and video work".
Apparently the form isn't actually submitted to the IRS, just kept by the vendor (in this case the UMD) as proof of why they aren't witholding any tax on the IRS's behalf.
Not filled the Hall's in yet, worst possible time of year as the mud season has just opened and I've got loads of organisation to do, plus first VAT quarter just coming to an end. Need to get to it this week.
Yes thanks for tips above for w-8ben form. Stuck right away , what should I write on part 1 for name/ identification of beneficial owner. Does that mean me or umd. Thanks for any help in advance.
extremegunk said: Yes thanks for tips above for w-8ben form. Stuck right away , what should I write on part 1 for name/ identification of beneficial owner. Does that mean me or umd. Thanks for any help in advance.
Love you, too
