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Hello everyone!
I need your help.
I am Argentinean, I live and reside in Argentina, but I work remotely for an LLC in the United States. My employer is filling out the 1099 forms and I know that in my particular case I should give him the W-8BEN form since he pays me through an ACH transfer to my US bank account but I pay my taxes here in my country. Is this correct?
Also he should fill out another form? I read somewhere that he should fill out the W-8BEN-E form.
Thank you in advance for all your help.
Agustin
You don't have to send your W8 Form unless your client ask for it or you need to claim the tax treaty benefits (Part 3). If you need to prepare Form W-8BEN, make sure you have received payments into your personal bank account, not your business bank account.
Yes, I've received the payments into my personal bank account in the US. Should I give him the form W-8BEN or I must wait?
It's great that you're taking proactive steps to ensure compliance with tax regulations while working with a U.S. LLC. I'll provide additional details to help you move forward, Agustin.
Given that you're an Argentinean resident working for a U.S. company, you're correct that you should provide a W-8BEN form to your employer. This form certifies your foreign status and helps ensure the accurate tax treatment of your income.
I agree with Chrea that it's not necessary to send the W-8BEN form unless it's requested or you need to claim the tax treaty benefits. However, it's still a good idea to submit it to your client to prevent any potential issues.
Additionally, you can contact your client and suggest consulting a tax professional specializing in international tax law. This approach can help clarify whether they need to complete a W-8BEN-E form.
To stay on top of compliance, consider checking out these resources that offer detailed information on tax regulations, filing requirements, and other essential policies:
Moreover, QuickBooks Online offers a multicurrency feature that allows the recording of foreign transactions without worrying about exchange rate conversions. You can share this information with your client for future reference.
I appreciate your dedication to ensuring tax compliance. If you have any questions or if anything else comes to mind, please comment below. I'm here to assist you and ensure you have everything to help you move forward. All the best, Agustin.
I gave you my opinion in the first sentence.
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