Wednesday, August 29, 2012

IRS Releases Draft of Forms W-8EXP and W-8ECI

The IRS releases a draft Form W-8EXP. Little of substance is changed on the form, but it incorporates the "checkbox" approach to capacity first seen on the draft Form W-8ECI.

The IRS releases a draft revised Form W-8ECI. The Internal Revenue Service has eliminated a troublesome requirement that people authorized to sign some forms related to withholding and effectively connected income under the Foreign Account Tax Compliance Act certify that they have the authority to sign and in place of the capacity line is a simple checkbox where the signer certifies that he or she has the capacity to sign the form.

For more information, contact the Tax Lawyers at Marini & Associates, P.A. for a FREE Tax Consultation at or or Toll Free at 888-8TaxAid (888 882-9243).



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