- Membership
- Certification
- Events
- Community
- About
- Help
W-8BEN-E status code for a municipality
April 3, 2023
Q. I have one W-8BEN-E that has 0 % rate of withholding. I am unsure of the status code to use for box 12b. I work for a municipality and do not see the status that we fall under. Am I obligated to file the 1042-S?
A.
(Answered by IOFM's third-party tax experts)
As a municipality, your city uses 20 in box 12b as the "ch. 3 status code". You must also fill in 02 in box 12c as the "ch. 4 status code. For 12b there is a specific instruction deep in the IRS Instructions for Form 1042-S, page 26…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
