What tax forms do prop firms send to IRS for non-US customers?

[fastscalper]

What tax forms do prop firms send to IRS for non-US customers (those with W-8) at the end of each year?

 

[chesstrader]

How a foreign customer can obtain a Tax ID I have been told that it is more complicated today to obtain it.

Thanks

 

[lescor]

The only way to get a tax ID # is to file a return

 

[chesstrader]

Thanks lescor,

But is it difficult to obtain ?

 

[crazy_trader]

http://www.irs.gov/businesses/small/international/article/0,,id=96696,00.html

 

[...]

The only way to get a tax ID # is to file a return

Nope, one applies for a tax ID #.

See the link in the previous post.

 

[fastscalper]

What tax forms do prop firms send to IRS for non-US customers (those with W-8) at the end of each year?

 

[lescor]

http://www.irs.gov/individuals/article/0,,id=96287,00.html#revised

What are the revised application standards for ITINs?
Effective immediately, each ITIN applicant must now:

* Apply using the revised Form W-7, Application for IRS Individual Taxpayer Identification Number ; and
* Attach a federal income tax return to the Form W-7.
Applicants who meet an exception to the requirement to file a tax return (see the instructions for Form W-7)must provide documentation to support the exception.

The exceptions are quite restrictive, so for all intents and purposes, filing a tax return is the only way to get it.

Quote from ...:

Nope, one applies for a tax ID #.

See the link in the previous post.

 

[alanm]

Since you say "prop firms", do you really mean "customer"? That is, are you a member/partner in an LLC, getting a partnership income K1 form at the end of the year, instead of a 1099?

 

[chesstrader]

Sorry, but I did not understand. What do you mean by filing a tax return?

Thanks for your answer