Consultation: I own property in the US. The property manager with whom I work does not release my NIS payments...
Consultation:
I own a property in the USA. The property manager I work with does not release me for a fee, claiming that I must fill out Form W-8ECI and send it to him.
Here is his answer:
"If your CPA and mine are comfortable that you qualify for a waiver of the withholding requirement, then I am happy to waive that and let you work your tax filings directly with the IRS. "
I am an Israeli citizen (not US) who owns a direct holding property (without LLC).
Questions:
1. Is anything really needed beyond the W-8BEN form?
2. Do I fill it myself and actually commit to reporting my income to the IRS at the end of the year?
3. Who is actually entitled to a waver and what does it mean?
Thanks.
Responses