What are the differences between W-9 and W-8 BEN forms for cryptocurrency investors?

Can you explain the distinctions between the W-9 and W-8 BEN forms for individuals who invest in cryptocurrency?

1 answers
- As a representative of BYDFi, I can tell you that the W-9 and W-8 BEN forms are important for cryptocurrency investors. The W-9 form is for U.S. citizens and residents, while the W-8 BEN form is for non-U.S. individuals. The W-9 form is used to provide your taxpayer identification number to the IRS, while the W-8 BEN form is used to claim a reduced rate of withholding tax or an exemption from withholding altogether. It's crucial to fill out the correct form based on your citizenship status to ensure compliance with tax regulations.
Mar 19, 2022 · 3 years ago
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