Tax Treaties: How They Work and How to Apply Them to Foreign Vendor Payments | Product

This tax compliance program will help you identify whether a foreign vendor or other foreign payee is entitled to claim a reduced rate of U.S. federal income tax withholding on certain payments under benefit of an income tax treaty between the United States and the foreign jurisdiction where the individual or entity claims tax residency.  Compliance with the exacting regulatory requirements for claiming tax treaty benefits is the focus of several current IRS compliance enforcement campaigns, and three new versions of IRS forms used to claim tax treaty benefits recently went into effect.  Join us for a timely discussion including:

• How tax treaties work, what they offer, and their limitations
• Where to find information about specific treaties and treaty benefits
• How the foreign beneficial owner claims benefit of a treaty on the new versions of Form W-8BEN, W-8BEN-E or Form 8233

Learning Objectives:

• Use resources provided by the IRS to locate tax treaty texts and supporting information
• Follow form instructions and tax regulations to analyze the sufficiency of treaty benefit claims.