Form W-8IMY
IRS form for intermediary entities (foreign partnerships, certain trusts) for withholding purposes.
Definition
Form W-8IMY is filed by certain foreign intermediary entities (partnerships, trusts, qualified intermediaries) for US withholding purposes. Includes documentation of underlying beneficial owners.
Context
Rarely relevant for typical Delaware LLC operations.
Example
A foreign partnership receiving US-source income uses W-8IMY plus documentation of underlying partners' status.
Common pitfalls
- Used by intermediary entities, not most LLCs.
- Complex filing requirements; engage tax adviser.