Seminar ID: 100584

Miscellaneous 1099 Issues

Miscellaneous 1099 Issues

You will Learn:

  • Form W-8BEN
  • Form W-8ECI

Foreign persons are generally subject to U.S. tax at a 30% rate on income they receive from U.S. sources. However, no withholding under section 1441 or 1442 is required on income that is, or is deemed to be, effectively connected with the conduct of a trade or business in the United States and is includible in the beneficial owner's gross income for the tax year.