Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)
The W8-BEN Form is a form required by the IRS, similar to the W9 form that employees and subcontractors in the United States must submit to employers.
The W-8BEN skill extracts and processes key data from Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). The Form W-8BEN Skill has been trained on a smaller set of documents. The most important data fields are defined and labeled. Customers can use this skill as a starting point to label additional required fields, for further training the skill based on incoming documents, or to adjust business rules to their own requirements.
- Automate the extraction and processing of data from the W8-BEN.
- Ensures that the individual or company issuing payment knows to withhold taxes from payment, and to subsequently pay those taxes to the IRS.