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Is a W-8 required if vendor is not 1042-S reportable?
December 1, 2022
Q. We have a vendor that is not 1042 reportable due to the services they provide, for example, vessel shipments. Do we still need to require a W-8, as the vendor would not be reportable and we would not need treaty benefits. In additon if the vendor is foreign, we are unable to do a tin match etc.
A.
(Answered by IOFM's third-party tax experts)
When the IRS issued regulations in 2017 to clarify the exclusion of U.S.-Source Gross Transportation Income (USSGTI) they included this in the Preamble:…
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