What is the difference between w-8ben-e and w9 forms in the cryptocurrency industry?

1 answers

• Shruti AldarJan 15, 2025 · 6 months ago
  In the cryptocurrency industry, the w-8ben-e and w9 forms serve different purposes. The w-8ben-e form is used by foreign entities to certify their foreign status and claim tax treaty benefits. It is required for non-U.S. individuals or entities who earn income from U.S. sources, such as cryptocurrency transactions. On the other hand, the w9 form is used by U.S. individuals or entities to provide their taxpayer identification number (TIN) to the payer. It is required for U.S. taxpayers who earn income from various sources, including cryptocurrency. Both forms are important for ensuring compliance with tax regulations and establishing the appropriate tax treatment for cryptocurrency transactions.
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