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W-8IMY for rent payments for a U.S. location
January 13, 2023
Q. I have a payee who has provided a W-8IMY and we pay this company rent for a US location with a US TIN. Our payments go to a US bank; their permanent residence is the Cayman Islands, but their mailing address is New York. Do I issue them a 1099-MISC for rent or a 1042-S? The boxes they checked on their W-8 are: Part 4 – W/H Foreign partnership; Part VII is checked; Part XXVI is checked. Please let me know how to proceed.
A.
(Answered by IOFM's third-party tax experts)
A Withholding Foreign…
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