- 736
Anyone know what this form is for and the purpose of filling it out?
Is it so they can withhold 30% of the DB, in the event, DB is paid out?
Is it so they can withhold 30% of the DB, in the event, DB is paid out?
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You must give Form W-8BEN to the withholding agent or payer if you are a nonresident alien who is the beneficial owner of an amount subject to withholding, or if you are an account holder of an FFI documenting yourself as a nonresident alien.
i have a foreign national trying to buy term life for himself.
I guess the w8 here is to withhold 30% of the death benefit?
The carrier asked for the w8 to be filled out, i never encountered this form before, but all my other foreign nationals had a ITIN