What is the difference between w-8ben and w-9 in the context of cryptocurrency?

3 answers

• Melle HerlaarJan 14, 2022 · 4 years ago
  The w-8ben form is used by non-U.S. individuals to claim tax treaty benefits and certify their foreign status. In the context of cryptocurrency, this form may be required when non-U.S. investors or traders engage in cryptocurrency transactions in the United States. On the other hand, the w-9 form is used by U.S. individuals to provide their taxpayer identification number (TIN) to the entity that is requesting it. This form is typically required for U.S. residents who engage in cryptocurrency transactions. Both forms play a role in ensuring compliance with tax regulations and reporting requirements in the cryptocurrency space.
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• Artis KrauklisDec 25, 2020 · 5 years ago
  W-8ben and w-9 forms are both important in the context of cryptocurrency taxation. The w-8ben form is specifically for non-U.S. individuals, while the w-9 form is for U.S. individuals. These forms help determine the tax obligations and reporting requirements for cryptocurrency investors and traders. It's crucial to understand the difference between these forms to ensure proper compliance with tax laws and regulations in the cryptocurrency industry.
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• Alireza HashemabadiJul 13, 2025 · 18 days ago
  When it comes to w-8ben and w-9 forms in the context of cryptocurrency, it's all about tax compliance. The w-8ben form is for non-U.S. individuals who want to claim tax treaty benefits and certify their foreign status. This form is relevant for non-U.S. investors or traders who engage in cryptocurrency transactions in the United States. On the other hand, the w-9 form is for U.S. individuals who need to provide their taxpayer identification number (TIN) to the entity requesting it. This form is typically required for U.S. residents who engage in cryptocurrency transactions. Understanding these forms is essential for ensuring proper tax compliance in the cryptocurrency space.
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