Page 75 - International Taxation IRS Training Guides

Reporting Requirements (Cont’d)

of Forms 1042-S filed with the IRS
 In addition to a set
Forms 1042-S are sent to the to each
copies of
beneficial owner.

 Documentation must be provided to the withholding agent

before a payment is made. (W-8BEN,W-8BEN-E, etc.)

 In the absence of valid documentation (withholding

certificate or documentary evidence, if permitted), or if

the WA knows or have reason to know that the

incorrect, WAs must
documentation is unreliable or

Presumptions generally
apply the presumption rules.
result in 30%
withholding tax.

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