Is a foreign vendor the beneficial owner of the income?

November 1, 2019

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Q. I'm looking for some guidance on a wire payment that we were asked to send. We have a vendor that is facilitating a global company event in Athens, Greece and the wiring instructions are to a foreign bank (Germany). Since the banking instructions are foreign, then I'm going to assume that we would need them to complete a W-8, correct? A. (Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for…

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