Tipalti

Tax Hub

W8BEN

The Internal Revenue Service requires W-8BEN because foreign individuals are normally subject to a 30% tax withholding, but they may qualify for a reduced rate of taxation. W-8BEN helps to establish this eligibility, although other factors also play a role, such as type of income.

1042-s

IRS Form 1042-S is always a required document for reporting money paid to foreign persons (or those who are presumed to be foreign) by a U.S.-based business or institution.

Global Tax Requirements

Laurie Hatten-Boyd, Principal at KPMG, explains how tax requirements impact organizations with global supplier basis and the legal and financial penalties for noncompliance.

What is W-8BEN-E

W-8BEN-E is an important tax document which allows businesses operating outside of the U.S. to claim tax exemption on U.S.-sourced income.  The official document title is Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).

Study Finds Only 10% of Companies Are Automatically Validating Suppliers’ Tax Information to Help Comply with IRS Withholding Tax Requirements

Study Finds Only 10% of Companies Are Automatically Validating Suppliers’ Tax Information to Help Comply with IRS Withholding Tax Requirements A significant percentage of businesses do not have a payables transformation strategy in place today San Mateo, CA, May 15, 2017 – Tipalti, the leading global payables automation solution, has released the findings from a

TIN Matching

You want to integrate as seamlessly as possible with existing accounting and ERP systems. However there are many key steps along the supplier payment process that still require significant manual effort beyond sending out payment instructions to the transfer API for bank, ACH, and wire services.