The form is designed to prevent the higher withholding rates that generally apply to payments made to U.S. citizens and residents. Instead of being treated as a U.S. tax resident, the foreign individual or entity completing the W-8BEN can benefit from a reduced withholding rate or even complete tax exemption, depending on the tax treaty … Read more
Individuals or entities who earn income from U.S. sources that are effectively connected with a United States trade or business. This includes foreign individuals or entities who conduct business in the U.S. or have a U.S. presence, such as a branch office or subsidiary, and earn income that is attributable to that business or trade. … Read more
For information pertaining to the registration status of 11 Financial, please contact the state securities regulators for those states in which 11 Financial maintains a registration filing. Finance Strategists has an advertising relationship with some of the companies included on this website. We may earn a commission when you click on a link or make … Read more
Beyond its warm weather, Florida’s low tax burden is a big draw for both retirees and workers. The Sunshine State does not have an individual income tax, estate tax, inheritance tax or long-term capital gains tax. However, it does levy a statewide sales tax of 6 percent, which jumps to an average rate of 7 … Read more