Instructions For The Requestor Of Form W-9 - Request For Taxpayer Identification Number And Certification - 2017

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Instructions for the
Department of the Treasury
Internal Revenue Service
Requester of Form W-9
(Rev. November 2017)
Request for Taxpayer Identification Number
and Certification
Section references are to the Internal Revenue Code unless
A participating foreign financial institution (PFFI) should
otherwise noted.
request Form W-9 from an account holder that is a U.S. person.
If an account is jointly held, the PFFI should request a Form W-9
Future Developments
from each holder that is a U.S. person.
Advise foreign persons to use the appropriate Form W-8 or
For the latest developments related to Form W-9 and its
Form 8233, Exemption From Withholding on Compensation for
instructions, such as legislation enacted after they were
Independent (and Certain Dependent) Personal Services of a
published, go to IRS.gov/FormW9.
Nonresident Alien Individual. See Pub. 515, Withholding of Tax
on Nonresident Aliens and Foreign Entities, for more information
Reminders
and a list of the W-8 forms.
Electronic Submission of Forms W-9
FATCA and backup withholding exemptions. FATCA
requires a participating foreign financial institution to report all
Requesters may establish a system for payees and payees'
U.S. account holders that are specified U.S. persons. Form W-9
agents to submit Forms W-9 electronically, including by fax. A
has an Exemptions box on the front of the form that includes
requester is anyone required to file an information return. A
entry for the Exempt payee code (if any) and Exemption from
payee is anyone required to provide a taxpayer identification
FATCA Reporting Code (if any). The references for the
number (TIN) to the requester.
appropriate codes are in the Exemptions section of Form W-9,
Payee's agent. A payee's agent can be an investment advisor
and in the Payees Exempt From Backup Withholding and
(corporation, partnership, or individual) or an introducing broker.
Payees and Account Holders Exempt From FATCA Reporting
An investment advisor must be registered with the Securities
sections of these instructions.
and Exchange Commission (SEC) under the Investment
The Certification section in Part II of Form W-9 includes
Advisers Act of 1940. The introducing broker is a broker-dealer
certification relating to FATCA reporting.
that is regulated by the SEC and the National Association of
Securities Dealers, Inc., and that is not a payer. Except for a
Backup withholding rate. The backup withholding rate is 28%
broker who acts as a payee's agent for “readily tradable
for reportable payments.
instruments,” the advisor or broker must show in writing to the
Backup withholding liability. If you do not collect backup
payer that the payee authorized the advisor or broker to transmit
withholding from affected payees as required, you may become
the Form W-9 to the payer.
liable for any uncollected amount.
Electronic system. Generally, the electronic system must:
TIN matching e-services. The IRS website offers TIN
Ensure the information received is the information sent, and
Matching e-services for certain payers to validate name and TIN
document all occasions of user access that result in the
combinations. See Taxpayer Identification Number (TIN)
submission;
Matching on page 4.
Make reasonably certain that the person accessing the
How Do I Know When To Use
system and submitting the form is the person identified on Form
W-9, the investment advisor, or the introducing broker;
Form W-9?
Provide the same information as the paper Form W-9;
Be able to supply a hard copy of the electronic Form W-9 if
Use Form W-9 to request the taxpayer identification number
the Internal Revenue Service requests it; and
(TIN) of a U.S. person (including a resident alien) and to request
Require as the final entry in the submission an electronic
certain certifications and claims for exemption. (See Purpose of
signature by the payee whose name is on Form W-9 that
Form on Form W-9.) Withholding agents may require signed
authenticates and verifies the submission. The electronic
Forms W-9 from U.S. exempt recipients to overcome a
signature must be under penalties of perjury and the perjury
presumption of foreign status. For federal tax purposes, a U.S.
statement must contain the language of the paper Form W-9.
person includes but is not limited to:
An individual who is a U.S. citizen or U.S. resident alien;
For Forms W-9 that are not required to be signed, the
A partnership, corporation, company, or association created
electronic system need not provide for an electronic
TIP
signature or a perjury statement.
or organized in the United States or under the laws of the United
States;
Any estate (other than a foreign estate); or
For more details, see the following.
Announcement 98-27, which is on page 30 of Internal
A domestic trust (as defined in Regulations section
301.7701-7).
Revenue Bulletin 1998-15 at
irb98-15.pdf.
A partnership may require a signed Form W-9 from its U.S.
Announcement 2001-91, which is on page 221 of Internal
partners to overcome a presumption of foreign status and to
Revenue Bulletin 2001-36 at
avoid withholding on the partner's allocable share of the
irb01-36.pdf.
partnership's effectively connected income. For more
information, see Regulations section 1.1446-1.
Nov 21, 2017
Cat. No. 20479P

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