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Expired W-8 form
February 3, 2023
Q. If a foreign payee has been designated as a non-reportable 1042-S payee, but they provided a W-8 in the past and the W-8 is now expired, are we required to obtain a new W-8?
A.
(Answered by IOFM's third-party tax experts)
If your organization is still going to make payments to the payee and the payments are a type which is either Form 1099 or Form 1042-S reportable, a new form is needed to provide the basis for determining the correct treatment of the income for purposes of tax information…
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