Form 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 |
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