W-8 BEN, W-8BEN-E, W-8EIC, W-8EXP, W-8IMY

ICR 202104-1545-003

OMB: 1545-1621

Federal Form Document

ICR Details
1545-1621 202104-1545-003
Received in OIRA 202011-1545-014
TREAS/IRS
W-8 BEN, W-8BEN-E, W-8EIC, W-8EXP, W-8IMY
Revision of a currently approved collection   No
Regular 11/22/2021
  Requested Previously Approved
36 Months From Approved 11/30/2021
3,390,640 3,390,640
30,561,468 29,291,380
0 0

Regulations under Section 1441, 1442, and 1443 of the Internal Revenue Code have changed the manner in which foreign persons (individuals, businesses and other for-profit organizations, foreign governments, international organizations, partnerships, and tax-exempt organizations) must submit certifications to a withholding agent for reduction of, or exemption from, U.S. tax withholding.

US Code: 26 USC 1442 Name of Law: Withholding of tax on foreign corporations.
   US Code: 26 USC 1443 Name of Law: Foreign tax-exempt organizations.
   US Code: 26 USC 1441 Name of Law: Withholding of tax on nonresident aliens.
  
US Code: 26 USC 1446(f) Name of Law: Special rules for withholding on dispositions of partnership interests

Not associated with rulemaking

  86 FR 10001 02/17/2021
86 FR 66388 11/22/2021
No

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 3,390,640 3,390,640 0 0 0 0
Annual Time Burden (Hours) 30,561,468 29,291,380 0 1,270,088 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The final regulations for section 1446(f) (T.D. 9226) which generally requires that if any portion of the gain on any disposition of an interest in a partnership would be treated under section 864(c)(8) as effectively connected gain, the transferee purchasing an interest in such a partnership from a non-U.S. transferor must withhold a tax equal to 10% of the amount realized on the disposition unless an exception to withholding applies. The final regulations also affect partnerships that, directly or indirectly, have foreign persons as partners. Forms W-8 BEN, W-8 BEN-E, W-8 EIC, and W-8 IMY have been updated to incorporate the updates of the final regulations.

$90,036
No
    Yes
    No
No
No
No
No
Carmen García-Salgado 202 317-5762

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/22/2021


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