- Membership
- Certification
- Events
- Community
- About
- Help
Reporting payment to a non-U.S. resident for sale of a software patent
November 20, 2023
Q. Our university is in the process of trying to pay the distribution of profit from the sale of a software patent to an individual who is not an employee. This individual was involved in the creation of the software and will be receiving a portion of the revenue share from sales made. He provided us with a Form W-8BEN certifying his status as a non-U.S. tax resident. Is this considered payment for independent personal services, and, as such, should be withheld at a 30% rate (absent a…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
