The Internal Revenue Service issued regulations relating to the withholding of tax on, and reporting of, certain U.S. source income paid to foreign persons. These regulations are generally effective for payments made on or after January 1, 2001. New documentation requirements.
New forms replace the following forms and statement.
Form W-8, Certificate of Foreign Status. Form 1001, Ownership, Exemption, or Reduced Rate Certificate. Form 1078, Certificate of Alien Claiming Residence in the United States. Form 4224, Exemption From Withholding of Tax on Income Effectively Connected With the Conduct of a Trade or Business in the United States. Form 8709, Exemption From Withholding on Investment Income of Foreign Governments and International Organizations.