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hello YouTube Jim Bakker here from Montebourg of tax consultants I had to prepare w8 bene for a client and realize that there's nothing good on YouTube about this form so here I am making this video today explaining the purpose and how to complete the form so if you take a step back generally background the w8 bene you see is certificate of status of beneficial owner of united state tax withholding and reporting so this form is going to be necessary when you have a u.s. entity who is making reportable payments to a foreign or non-us entity so reportable payments are and if we go to the instructions here we're talking dividends rents royalties premiums annuities compensation like a salary or substitute payments for was si and securities lending or other fixed determinable annual or periodic payments so if you are if you have a foreign entity that's receiving any kind of these payments from a u.s. entity the US entity is by default required to withhold 30 percent of that payment and remi

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