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Obtaining new W-8s after they expire

February 16, 2024
February 16, 2024

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Q. I know that W-8 forms are valid for three calendar years following the year the form was signed. However, as a best practice should you obtain a new W-8 form for any entity you are currently paying or just the ones you have to report on? A. (Answered by IOFM's third-party tax experts) Best practice would be to request a new Form W-8BEN-E for any foreign entity the withholding agent is currently paying, so that the withholding agent continues to have reliable information and the vendor's…

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