Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please enter your input in search

Overall Burden Calculation On FATCA Revised Forms

TaxConnections Picture - Tax On BackForm W-8BEN-E? 25.23 hours!

In the October 24, 2013 Federal Register, the Internal Revenue Service requested comments on Forms W–8BEN, W–8BEN–E, W–8ECI, W–8EXP, and W–8IMY as revised for Foreign Account Tax Compliance Act – FATCA. Included with their request for comments is a time estimate for purposes of an overall burden calculation.



Form Number of Respondents Time per respondent/hours Total annual burden hours
W-8BEN 3,000,000 7.18 21,540,000
W-8BEN-E 100,000 25.23 2,523,000
W-8ECI 180,000 9.13 1,643,400
W-8EXP 240 20.05 4,812
W-8IMY 400 25.23 10,092

Jim Calvin, Deloitte & Touche LLP (Singapore). Jim is the Deloitte Touche Tohmatsu Limited (DTTL) Asia-Pacific Tax Leader for the Financial Services Industry Practice, and currently based in Singapore. Also is DTTL’s Asia-Pacific regional leader for FATCA. Before relocating and joining the Singapore firm of Deloitte & Touche LLP, he had been the Deloitte asset management tax leader for the U.S. member firm, and, until 2002, was the hedge fund practice leader.

Subscribe to TaxConnections Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.