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Best practice for foreign travel expenses
January 23, 2024
Q. If an employee is traveling to a foreign country and using a corporate credit card, is it necessary to request a W-8 form for conference fees, hotels, dining, conference booth rentals, etc? It seems that these would not be considered U.S.-sourced income that requires reporting.
A.
(Answered by IOFM's third-party tax experts)
A W-8 series form is generally requested to certify to your institution that the payee/service provider (beneficial owner of the income) is a non-U.S. entity or non-U.S.…
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