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 W-8BEN form - E*Trade HOW TO DO?, INSTRUCTIONS FOR COMPLETING SUBSTITUTE

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TSplouffle0789
post Feb 5 2021, 07:53 AM, updated 5y ago

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user posted image

user posted image





https://drive.google.com/file/d/1Aq5GzhjWDA...iew?usp=sharing
is it follow this one can do?


user posted image


user posted image

Forms W-8 are valid for the year in which they are signed and for the next three calendar years. For example, a Form W-8BEN signed on March 5, 2018, remains valid through December 31, 2021, and must be resubmitted to IBKR no later than January 30, 2022.

Tax withholding determination:

Generally, tax is withheld at a rate of 30% on payments of US source stock dividends and substitute payments in lieu. The rate of withholding may be reduced if there is a tax treaty between your country of tax residence and the US

US Tax withholding on distributions from Publicly Traded Partnerships is withheld at 37% (2018) as this is earned income in the US

Updating Form W-8:

Forms W-8 are valid for the year in which they are signed and for the next three calendar years. For example, a Form W-8BEN signed on March 5, 2018, remains valid through December 31, 2021, and must be resubmitted to IBKR no later than January 30, 2022. Failure to update your W-8 form will result in withholding on all income including gross proceeds from securities sales.

Note: IBKR will send you an email when you are required to resubmit your Form W-8.

Requirement to Complete Form W-8:

Form W-8, Certificate of Foreign Status, must be on file with IBKR. This form must be renewed every three years. If the form W-8 is no longer valid, IBKR will assume that you are a non-US person and withhold US tax at 30% on interest, dividends, gross proceeds and payments and lieu. Treaty rates, if applicable, will no longer apply.

Note that if you complete Form W-8 you will not receive a Consolidated Form 1099, but you may receive Form 1042S.
Withholding Penalty

If you fail to provide a Form W-8, or do not resubmit a new W-8 when prompted upon the three-year expiration, additional withholding will apply. IBKR encourages its clients to consult with their tax advisors for further guidance on how to seek relief for any tax withheld.

Refer to information below for the specific type of W-8 you should complete and how long your Form W-8 is valid from the date signed.


how to do?
etrade


This post has been edited by plouffle0789: Feb 6 2021, 10:54 PM
SUSwilsonjay
post Feb 5 2021, 07:58 AM

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I also want to know whether can apply online or not
ry8128
post Feb 5 2021, 07:59 AM

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Fuyo, got ppl wan trade foreign stocks liao.
halotaikor.
post Feb 5 2021, 08:00 AM

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just fill up part I and part III

all other leave it empty.

thats what my remisier tell me.
TSplouffle0789
post Feb 5 2021, 08:01 AM

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QUOTE(halotaikor. @ Feb 5 2021, 08:00 AM)
just fill up part I and part III

all other leave it empty.

thats what my remisier tell me.
*
at last week,when i log in to etrade,i see this pop up,then i remember i click cancel or do it later button

can i do it now>??
TSplouffle0789
post Feb 5 2021, 12:02 PM

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anyone know???
cikalakacikaci
post Feb 5 2021, 12:03 PM

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W8ben now online only
Last time classic filled up ,kena post original copy to broker
Kek

This post has been edited by cikalakacikaci: Feb 5 2021, 12:04 PM
TSplouffle0789
post Feb 5 2021, 12:04 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:03 PM)
W8ben now online only
Last time classic filled up ,kena post original copy to broker
Kek
*
HOW to do???

now already 1 week..can doing>?
cikalakacikaci
post Feb 5 2021, 12:12 PM

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QUOTE(plouffle0789 @ Feb 5 2021, 12:04 PM)
HOW to do???

now already 1 week..can doing>?
*
Check with your broker lah how to submit.. if manual fill up this
https://www.google.com/url?sa=t&source=web&...ett79CJZSb8br_U

Im using td ameritrade sg online submission only
TSplouffle0789
post Feb 5 2021, 12:16 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:12 PM)
Check with your broker lah how to submit.. if manual fill up this
https://www.google.com/url?sa=t&source=web&...ett79CJZSb8br_U

Im using td ameritrade sg online submission only
*
user posted image


this is my old company shares employees plan

you post it back to usa ?
teehk_tee
post Feb 5 2021, 12:18 PM

ไม่เป็นไร
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Use tos lah. Etrade balls
TSplouffle0789
post Feb 5 2021, 12:20 PM

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QUOTE(teehk_tee @ Feb 5 2021, 12:18 PM)
Use tos lah. Etrade balls
*
what is tos??

do you fill online before?


user posted image


user posted image


correct?
cikalakacikaci
post Feb 5 2021, 12:22 PM

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QUOTE(plouffle0789 @ Feb 5 2021, 12:16 PM)
user posted image
this is my old company shares employees plan

you post it back to usa ?
*
This the w8ben online form la.just tick2 submit.i dont think they still require client to post the form.
SUSbananajoe
post Feb 5 2021, 12:26 PM

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Safe to use ?
cikalakacikaci
post Feb 5 2021, 12:27 PM

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Etrade accept client from malaysia kah
I dont think so
eXTaTine
post Feb 5 2021, 12:27 PM

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Ini pun mau ajar ka?
eXTaTine
post Feb 5 2021, 12:28 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:27 PM)
Etrade accept client from malaysia kah
I dont think so
*
He sinki

Pikichu
post Feb 5 2021, 12:31 PM

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Sign and submit w8ben then USA will have power over you. ... financially meaning if you trade in certain way, and profit, then they tax deduct.

If you don't know how to fill up form and submit, then maybe not advisable for you to trade.
HitamHad
post Feb 5 2021, 04:30 PM

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And don't get scammed by the fake BEN forms that ask you to update your profile and give them your mother's maiden name! Stopped receiving these phishing emails after I reported this to the IRS hotline. Pax.
TSplouffle0789
post Feb 5 2021, 06:28 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:22 PM)
This the w8ben online form la.just tick2 submit.i dont think they still require client to post the form.
*
So is it have expired date?

I just tick these things and submit done?
TSplouffle0789
post Feb 5 2021, 06:29 PM

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QUOTE(HitamHad @ Feb 5 2021, 04:30 PM)
And don't get scammed by the fake BEN forms that ask you to update your profile and give them your mother's maiden name! Stopped receiving these phishing emails after I reported this to the IRS hotline. Pax.
*
You also work in singapore?
TSplouffle0789
post Feb 5 2021, 06:32 PM

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QUOTE(Pikichu @ Feb 5 2021, 12:31 PM)
Sign and submit w8ben then USA will have power over you. ... financially meaning if you trade in certain way, and profit, then they tax deduct.

If you don't know how to fill up form and submit, then maybe not advisable for you to trade.
*
Hi,this is my sg company employee shares options.
Confirm earn money
Every month take 10 percent of our salary.
Then they will choose the lowest day closing price in 365 days,deduct 10 percent discount and sell to you!!!!


So very very low chances you lose money unless company is airline,travel,hotel,casino....


Do you fill this form before????


TSplouffle0789
post Feb 5 2021, 06:33 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:27 PM)
Etrade accept client from malaysia kah
I dont think so
*
Malaysian that work at sg
Malaysian also accept of work at malaysia

My friend work in penang also have etrade
Pikichu
post Feb 5 2021, 08:51 PM

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QUOTE(plouffle0789 @ Feb 5 2021, 06:32 PM)
Hi,this is my sg company employee shares options.
Confirm earn money
Every month take 10 percent of our salary.
Then they will choose the lowest day closing price in 365 days,deduct 10 percent discount and sell to you!!!!
So very very low chances you lose money unless company is airline,travel,hotel,casino....
Do you fill this form before????
*
buy buy buy
HokkienMee_Lover
post Feb 5 2021, 08:59 PM

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mau open acc but ayam rmb ayam no job no tax
HuorEarfalas
post Feb 5 2021, 09:28 PM

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Work at SG but never heard of TDA (TOS), Tiger, IBKR??

Regards to W8, i just fill up my real TIN... you will eventually require to upload your NRIC, proof of address, etc etc..

Also depending on the broker, you are subjected to the pdt rule

This post has been edited by HuorEarfalas: Feb 5 2021, 09:28 PM
kaiserreich
post Feb 5 2021, 09:35 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:27 PM)
Etrade accept client from malaysia kah
I dont think so
*
Can. I got one.
And i working in penang
wanfumi
post Feb 5 2021, 09:37 PM

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QUOTE(cikalakacikaci @ Feb 5 2021, 12:27 PM)
Etrade accept client from malaysia kah
I dont think so
*
They do accept Malaysia traders, ive opened account with them so many years back. Thats all i can say
TSplouffle0789
post Feb 5 2021, 09:47 PM

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QUOTE(kaiserreich @ Feb 5 2021, 09:35 PM)
Can. I got one.
And i working in penang
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How you fill this form online???
My posted photo correct??
TSplouffle0789
post Feb 5 2021, 09:47 PM

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QUOTE(wanfumi @ Feb 5 2021, 09:37 PM)
They do accept Malaysia traders, ive opened account with them so many years back. Thats all i can say
*
How you fill this form online???
My posted photo correct??
TSplouffle0789
post Feb 6 2021, 12:54 PM

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anyone?????
ozak
post Feb 6 2021, 12:59 PM

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Can’t you fill it in adobe pdf?
TSplouffle0789
post Feb 6 2021, 01:05 PM

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QUOTE(ozak @ Feb 6 2021, 12:59 PM)
Can’t you fill it in adobe pdf?
*
Now change online maybe

Do you fill it before?

This post has been edited by plouffle0789: Feb 6 2021, 01:05 PM
ozak
post Feb 6 2021, 01:10 PM

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QUOTE(plouffle0789 @ Feb 6 2021, 01:05 PM)
Now change online maybe

Do you fill it before?
*
They post to me. Filled and post back. Last time.

For other form, filled in pdf and email back.

For 2020, this form only available in 19/2.
TSplouffle0789
post Feb 6 2021, 01:13 PM

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QUOTE(ozak @ Feb 6 2021, 01:10 PM)
They post to me. Filled and post back. Last time.

For other form, filled in pdf and email back.

For 2020, this form only available in 19/2.
*
19/2 means 19 february 2021???

So can you teach me how to fill??


My photo posted correct?
ozak
post Feb 6 2021, 01:35 PM

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QUOTE(plouffle0789 @ Feb 6 2021, 01:13 PM)
19/2 means 19 february 2021???

So can you teach me how to fill??
My photo posted correct?
*
Yup.

I forget how the form filled last time.

If not forgotten, all been filled up. I only go through it and sign it. Scan pdf and email back.
RagingCandy
post Feb 6 2021, 02:55 PM

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QUOTE(plouffle0789 @ Feb 5 2021, 07:53 AM)
user posted image
https://drive.google.com/file/d/1Aq5GzhjWDA...iew?usp=sharing
is it follow this one can do?


user posted image
user posted image

Forms W-8 are valid for the year in which they are signed and for the next three calendar years. For example, a Form W-8BEN signed on March 5, 2018, remains valid through December 31, 2021, and must be resubmitted to IBKR no later than January 30, 2022.

Tax withholding determination:

Generally, tax is withheld at a rate of 30% on payments of US source stock dividends and substitute payments in lieu. The rate of withholding may be reduced if there is a tax treaty between your country of tax residence and the US

US Tax withholding on distributions from Publicly Traded Partnerships is withheld at 37% (2018) as this is earned income in the US

Updating Form W-8:

Forms W-8 are valid for the year in which they are signed and for the next three calendar years. For example, a Form W-8BEN signed on March 5, 2018, remains valid through December 31, 2021, and must be resubmitted to IBKR no later than January 30, 2022.  Failure to update your W-8 form will result in withholding on all income including gross proceeds from securities sales.

Note: IBKR will send you an email when you are required to resubmit your Form W-8.

Requirement to Complete Form W-8:

Form W-8, Certificate of Foreign Status, must be on file with IBKR. This form must be renewed every three years. If the form W-8 is no longer valid, IBKR will assume that you are a non-US person and withhold US tax at 30% on interest, dividends, gross proceeds and payments and lieu. Treaty rates, if applicable, will no longer apply.

Note that if you complete Form W-8 you will not receive a Consolidated Form 1099, but you may receive Form 1042S.
Withholding Penalty

If you fail to provide a Form W-8, or do not resubmit a new W-8 when prompted upon the three-year expiration, additional withholding will apply. IBKR encourages its clients to consult with their tax advisors for further guidance on how to seek relief for any tax withheld.

Refer to information below for the specific type of W-8 you should complete and how long your Form W-8 is valid from the date signed.
how to do?
etrade

*
Ask your company finance. They should able to guide you.
TSplouffle0789
post Feb 6 2021, 06:53 PM

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No???
kembayang
post Feb 6 2021, 07:04 PM

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Sudah online la. Go to their Customer Service, Live Chat, get the latest instruction
djhenry91
post Feb 6 2021, 07:11 PM

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lol..w8ben je..wat so hard to fill
walouwei
got expire date wan, mcam 2-3 years lupa liao
HitamHad
post Feb 6 2021, 07:43 PM

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QUOTE(plouffle0789 @ Feb 5 2021, 06:29 PM)
You also work in singapore?
*
Nope. But it does not matter where you reside; the scammers somehow know and target those who had previously submitted the W-8BEN and ask for profile updates on their fake form. Pax.
TSplouffle0789
post Feb 6 2021, 09:09 PM

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QUOTE(djhenry91 @ Feb 6 2021, 07:11 PM)
lol..w8ben je..wat so hard to fill
walouwei
got expire date wan, mcam 2-3 years lupa liao
*
every 3 years fill again right??
djhenry91
post Feb 6 2021, 09:30 PM

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QUOTE(plouffle0789 @ Feb 6 2021, 09:09 PM)
every 3 years fill again right??
*
if not mistaken la..
TSplouffle0789
post Feb 6 2021, 10:14 PM

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QUOTE(djhenry91 @ Feb 6 2021, 09:30 PM)
if not mistaken la..
*
you open etrade since which year?
djhenry91
post Feb 6 2021, 10:25 PM

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QUOTE(plouffle0789 @ Feb 6 2021, 10:14 PM)
you open etrade since which year?
*
local stock broking firm la bro
any client buka foreign trade..need fill w8ben and got expire date..
TSplouffle0789
post Feb 6 2021, 10:54 PM

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QUOTE(djhenry91 @ Feb 6 2021, 10:25 PM)
local stock broking firm la bro
any client buka foreign trade..need fill w8ben and got expire date..
*
user posted image


why cannot change country?

i am malaysian
but work at sg
TSplouffle0789
post Feb 7 2021, 10:40 AM

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Anyone know???
TSplouffle0789
post Feb 11 2021, 11:39 PM

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anyone know?
TSplouffle0789
post Feb 16 2021, 11:28 PM

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Anyone???

 

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