The following FATCA Forms and Instructions for 2014 are now available on the IRS.GOV Forms and Publications Website:

• Form 1042

• Form 8966

• Form W-8BEN

• Instructions to Form W-8BEN

• Form W-8ECI Read More

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