For example, entities sometimes mistakenly use the W-8BEN instead of the W-8BEN-E, which is intended for entities rather than individuals. This mix-up can result in the rejection of the form and delays in processing. It’s essential to carefully review the instructions for each form and ensure that the correct version is used based on the entity’s status and the type of income received. The W-8EXP serves a different audience altogether, targeting foreign governments, international organizations, and other tax-exempt entities. This form’s primary function is to claim exemption from U.S. withholding tax, which is a significant departure from the other forms that generally aim to reduce withholding rates. The W-8EXP’s requirement for documentation supporting exempt status underscores its role in facilitating tax exemptions for specific entities.

• Finally, employers can use the fields below boxes 16 – 18 to list additional contact information (e.g., an email address or fax number) the SSA may use for questions arising during processing.
• Chapter 3 means chapter 3 of the Internal Revenue Code (Withholding of Tax on Nonresident Aliens and Foreign Corporations).
• If you use Form W-8BEN to certify that you are a foreign person, a change of address to an address in the United States is a change in circumstances.

General Instructions

Elevate your enterprise with Zoho Forms – the comprehensive solution for efficient data collection at scale. Our no-code form builder helps you create online forms and manage your data collection process with ease. Zoho Forms offers a free online form creator with a wide variety of features to share forms, collect data, and make informed decisions. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns what is form w and return information are confidential, as required by section 6103.

Self-employed workers, independent contractors, small business owners and others without an employer pay quarterly estimated taxes. Form W-2 is an IRS document that employers must send to an employee, the SSA, and the IRS every year. The form reports an employee’s annual wages and the taxes withheld. You may check the box in this line 6b if you are an account holder as described for purposes of line 6a and you are not legally required to obtain an FTIN from your jurisdiction of residence (including if the jurisdiction does not issue TINs). By checking this box, you will be treated as having provided an explanation for not providing an FTIN on line 6a.

What If an Employee Doesn’t Submit a W-4?

This form shows how much they paid you during the year and helps both you and the IRS track your income for tax purposes. Using the correct form ensures your tax reporting is accurate and prevents backup withholding or tax complications. It’s also good to note that retirees who receive a monthly pension or annuity check must also withhold money from each payment. If you have other earnings, such as from bonuses, commissions or gambling, you likely need to increase your withholding.

Form W-3 Responsibilities for Employers

A form contains numerous spaces or ‘fields’ in which one can write or enter data. Sharing forms is a user-friendly approach to conducting surveys, collecting information, taking orders, and more. Forms are an essential data collection tool for gathering and organizing data efficiently, whether it’s for lead generation, registrations, applications, or order processing.

Who Files Form W-2?

After several years without changes, the IRS updated the W-9 form in 2024 to better address the evolving landscape of tax reporting. These updates ensure that the form reflects current business practices and compliance requirements. Understanding these revisions helps you submit accurate information and avoid potential withholding issues.

• If you wish to provide a further (or other) explanation why you are not required to provide an FTIN on line 6a, you may do so in the margins of this form or on a separate statement attached to this form.
• Other dependents, such as elderly relatives, may also qualify under specific conditions, further reducing taxable income.
• However, they must still ensure that Form W-3 is filed with the SSA by January 31, unless that date falls on a weekend.
• Lines 5 and 6 require your current address, which ensures the business has a proper location to send tax forms and related documents.

How do online forms streamline the data collection process?

Timely submission of W-8 forms is another critical aspect of compliance. Entities must provide their completed forms to the withholding agent before any payments are made to ensure that the correct withholding rate is applied. Failure to submit the forms on time can result in the withholding agent applying the maximum withholding rate, which can significantly impact the entity’s cash flow and financial planning. Additionally, entities should keep copies of their submitted forms and any correspondence with the withholding agent for their records, as this documentation may be required in the event of an audit or inquiry by tax authorities. Entities must gather the necessary documentation to support their claims.

Form W-2 shows the wages paid by an employer and the amount of income withheld from employee paychecks for income taxes, Social Security taxes, and Medicare taxes. In addition, you may provide the FTIN issued to you by your jurisdiction of tax residence on line 6a for purposes of claiming treaty benefits (rather than providing a U.S. TIN on line 5, if required). For purposes of section 1446(a), the amount subject to withholding is the foreign partner’s share of the partnership’s effectively connected taxable income. For purposes of section 1446(f), the amount subject to withholding is the amount realized on the transfer of a partnership interest. This tax is imposed on the gross amount paid and is generally collected by withholding under section 1441.

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. If you’re an independent contractor, the business paying you doesn’t usually withhold taxes on your behalf. Instead, you’re generally responsible for paying income taxes periodically during the year with estimated tax payments – which don’t show up on Form 1099-NEC. However, if you’re subject to backup withholding, the amount withheld from your pay for this purpose will be reported on your 1099-NEC form.

The specificity of the W-8BEN in addressing individual income and tax treaty benefits sets it apart from other forms, which cater to broader categories of income and entities. If you are a foreign individual who is the single owner of a disregarded entity that is not claiming treaty benefits as a hybrid entity, with respect to a payment, you should complete this form with your name and information. If the account to which a payment is made or credited is in the name of the disregarded entity, you should inform the withholding agent of this fact. This may be done by including the name and account number of the disregarded entity on line 7 (reference number) of the form. However, if the disregarded entity is claiming treaty benefits as a hybrid entity, it should complete Form W-8BEN-E instead of this Form W-8BEN.

Where appropriate CA Sri Lanka ensures that students’ entry points match the knowledge and skills they have acquired through their previous qualifications. In doing so CA Sri Lanka aims to provide students with the quickest possible route to membership. The module is a continuation of the Economic Principles I. It further looks at the economic analysis of aggregate employment, income, and prices. Topics may include major schools of economic thought; aggregate supply and demand; economic measures, fluctuations, and growth; money and banking; stabilization techniques; and international trade. Upon completion of the module, students should be able to evaluate national economic components, conditions, and alternatives for achieving socioeconomic goals. The students should be able to analyse the economic situation in Zimbabwe as well as in different global markets.

Education Consultants / Business Development Managers / LSBF’s approved Recruitment Agents will explain to International Students the contents of the Student Contract and Advisory Note and inform them of any additional documents that may be required. LSBF will also put in place the FPS Insurance for Local Students to protect the fees paid to the School. This FPS Insurance account is applicable for ALL Local Students regardless of their nationalities and the type of passes they held. Local Students will go through pre-programme counselling with the Education Consultants who will explain the Programme details, Fee Protection Scheme, Refund Policy, Appeal procedures and other important information etc. You may pursue a Master’s of Science in Finance & Investment or Financial Technology, or a professional qualification like ACCA or CA to deepen your expertise.

Oxford Brookes Global MBA

« The session was very informative and helpful for new managers levels and the curriculum would definitely benefit them. » « There are people from all walks of life here, from different angles, and then analysis and sharing, we can see some new angles from all levels. » « As the semester wraps up, I just wanted to say thank you again for everything. Your class was not only insightful and intellectually enriching, but also a highlight of my MBA journey largely because of the warmth, humour, and generosity you brought to each session. »

The module deals with the history and development of management thought, functions of management, organisational structure, decision-making, globalization, leadership and motivation, controlling, budgeting and non-budgetary controls, and change management. The opportunity to complete the BSc (Hons) in Applied Accounting will close in May 2026. If you’re searching for dependable OBU mentoring services, then you’ve come to the right place – I am The OBU Mentor! I have been providing high-quality support to students since 2018, and as an ACCA member, I am committed to ensuring my mentees achieve success in their OBU projects. I take pride in offering personalised guidance and support tailored to meet the individual needs of my mentees. This degree, awarded by Oxford Brookes University in partnership with ACCA, prepares you for roles like accountant, auditor, or finance analyst.

What Is ACCA BSc In Applied Accounting?

It is designed to give students an opportunity to apply their accounting knowledge and skills in a practical way. If you are thinking about the next steps in your academic journey, Global MBA is a part-time, flexible learning programme. You can study in intensive blocks (online or face-to-face in Oxford) or spread the studying over several months.

• The Information and Technology module aims to give students an understanding of the basics of the computer and its processes.
• CA Sri Lanka has prepared a user guide to the exemptions inquiry database, which offers a short step-by-step guide to know what exemptions you may be eligible to claim.
• Oxford Brookes Business School (OBBS) has undertaken a strategic review of the higher education landscape and its programmes.
• Oxford Brookes University has two submission periods each year during which you may submit an OBU Research and Analysis Project (RAP).
• Case studies, visits to business premises and presentations by entrepreneurs will be used to understand the running of the business.

Level 2 Semester 1

The programme aims to prepare students for a career as a professional accountant and equip them to make wider contributions. It incorporates students’ ACCA professional examinations into an academic degree programme. The programme consists of 9 knowledge and 5 skills level modules that are also ACCA professional examinations, plus an ethics module and research project. Assessment is through computer-based exams for some modules and written exams for others. It module covers the theoretical substructures which cover the administration as well as institutions that deal with a country’s public financial management.

How Does ACCA Progression Work With The BSc?

Oxford Brookes University has two submission periods each year during which you may submit an OBU Research and Analysis Project (RAP). « Thank you for your patience, encouragement, and belief bsc applied accounting in your students. You’ve been more than a professor—you’ve been an inspiration. » « The trainer Sylvia is professional and experienced. The sessions were highly engaging. »

Step 2 acceptance of offer

Local students will need to understand and sign the Student Contract and Advisory note to confirm their acceptance of the programme. Students studying for the Preparatory Couse for ACCA are automatically opted into the Oxford Brookes University BSc (Hons) in Applied Accounting Programme upon registering for the ACCA qualification. All students and members must submit all requirements for the BSc programme by May 2026, please refer to the ACCA’s webpage for further information.

• You may pursue a Master’s of Science in Finance & Investment or Financial Technology, or a professional qualification like ACCA or CA to deepen your expertise.
• At Oxford Brookes Business School, we work in partnership with our students to enable them to become curious, enterprising, and resilient individuals.
• I take pride in offering personalised guidance and support tailored to meet the individual needs of my mentees.
• Students will also learn the application of general accounting principles when processing data using accounting software packages.
• Our Business and Management courses offer a strong foundation, focusing on practical skills and applying academic learning to real-world problems.

Ikka classes specialise in preparing students for such activities through modern educational techniques. By combining theory with practical applications, we ensure that students not only understand the curriculum but also achieve excellence in it. The Honours in Applied Accounting, offered by the Oxford Brookes Universities in partnership with ACCA, is a wonderful opportunity for ACCA students to achieve a globally recognised degree. Whether you are thinking about eligible standards, important titles or career opportunities, this guide is for you. This module enables the student to develop basic research skills focusing on a micro-unit such as an organisation or a firm. The student’s mind is developed through observation to identify a research problem and its investigation leading to major findings and recommendations.

From Campus to Career

It covers basic principles of law related to Limited Liability Companies, Partnerships, Company Secretarial Practices, Meetings and Elements of Labour Law and Labour  relations. Such knowledge is essential in the decision-making process relating to company secretarial functions and advice on the legality of actions and decisions taken by management and the board of directors. The module focuses on principles and techniques of financial accounting and their application to the preparation of financial statements of sole traders, partnerships, limited companies and non-profit organisations culminating in the analysis and interpretation of financial data. It is intended to equip the learners with the necessary skills to enable them to apply the basic principles of accounting and keep proper records.

The module introduces students to the mathematical tools relevant for application to the business environment. Students shall be expected to recognize the value of quantitative methods in analysing data and interpreting it in order to make relevant business decisions. The purpose of the module is the provide of a comprehensive exposition of basic mathematical concepts that are used in the business world. At the end of the module, learners will be in a position to apply mathematical tools to business decision-making processes.