AAFM Exam CTEP Topic 6 Question 49 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 49
Topic #: 6

_____________ is for Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and___________ if for Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding.

AForm W-8BEN, Form W-8CE

BForm W-8BEN, Form W-8EXP

CForm W-8ECI, Form W-8IMY

DForm W-8ECI, Form W-8EXP

Show Suggested Answer

Suggested Answer: B

by Tien at Sep 08, 2024, 01:40 PM

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Ardella

4 months ago

I'm just gonna go with whatever Form W-8 is the most confusing one. That's gotta be the right answer, right?

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Tayna

4 months ago

Hey, I bet the answer is A) Form W-8BEN, Form W-8CE. What kind of exam is this, the 'guess the tax form' challenge?

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Huey

4 months ago

That makes sense. Form W-8EXP is for Certificate of Foreign Government or Other Foreign Organization.

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Arlene

4 months ago

So, the second one must be Form W-8EXP then.

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Jovita

4 months ago

Hmm, this one's a bit tricky. I'm going to go with C) Form W-8ECI, Form W-8IMY. It's the one for the international money-y stuff, I think.

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Louisa

3 months ago

Oh, I see. Thanks for clarifying. I'll go with D) Form W-8ECI, Form W-8EXP then.

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Lavera

3 months ago

Actually, I'm pretty sure it's D) Form W-8ECI, Form W-8EXP for tax withholding.

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Na

3 months ago

No, I believe it's B) Form W-8BEN, Form W-8EXP for foreign government or organization.

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Junita

3 months ago

I think it's A) Form W-8BEN, Form W-8CE for foreign status of beneficial owner.

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Norah

4 months ago

Yes, I agree. Form W-8BEN is for Certificate of Foreign Status of Beneficial Owner.

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Doug

4 months ago

D) Form W-8ECI, Form W-8EXP sounds right to me. It's the one for foreign governments and organizations, right?

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Adell

3 months ago

Form W-8ECI is for individuals who are claiming that their income is effectively connected with a U.S. trade or business.

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Ahmed

3 months ago

So, what about Form W-8ECI then?

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Wade

4 months ago

Yes, that's correct. Form W-8EXP is for foreign governments or other foreign organizations.

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Huey

4 months ago

I think the first one is Form W-8BEN.

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Maile

5 months ago

I'm pretty sure it's B) Form W-8BEN, Form W-8EXP. That's the one I use for my international clients.

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Lindsey

4 months ago

Yes, that's correct. Form W-8BEN is for individuals and Form W-8EXP is for entities. It's important to use the right form for each situation.

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Lindsey

4 months ago

I think you're right. I use Form W-8BEN for foreign individuals and Form W-8EXP for foreign entities.

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Martina

4 months ago

Yes, that's correct. Form W-8BEN is for individuals and Form W-8EXP is for governments or organizations.

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Martina

4 months ago

I think you're right. I use Form W-8BEN for foreign individuals and Form W-8EXP for foreign governments or organizations.

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