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Identifying Foreign Vendors to Avoid Unnecessary IRS Withholding
April 1, 2025
Q. We have several departments that have been ordering things online with a credit card not realizing they are a foreign vendor. Then we run into the vendor not providing a W-8, so we have to pay the 30% additional to the IRS ourselves. The only way we find out is when the international fee hits our credit card.I was hoping there were tips or ways to tell from a website that the vendor is a foreign vendor.
A.
(Answered by IOFM's third-party tax expert)
If the website ends in "dot-com (.com)"…
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