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Payments to a foreign supplier made to a U.S. bank
August 26, 2021
Q. I have a supplier based in Portugal where services are to be performed and where invoices will be sent from. They also have a US entity and have asked that we pay a bank located in the US. Are we required to obtain a W-9?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
Standing instructions to deposit payments into a bank…
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