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First time receiving a W-8BEN-E form
August 8, 2022
Q. I have never received a W-8BEN-E form before. It looks like this vendor is from India. Do we need to 1099 this vendor? If so, would it be NEC or MISC and what box?
A.
(Answered by IOFM’s third-party tax experts)
Forms 1099 report payments of income to U.S. persons. A vendor whose status for tax purposes is foreign and is paid income sourced to the United States is reported to the IRS on Form 1042-S. Form 1042-S reporting has different rules and regulations than 1099 reporting, including…
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