For US companies hiring independent contractors below are the relevant forms.
Form W-9 (Request for Taxpayer Identification Number and Certification)
Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting)
Form W-8BEN-E (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting)
The citizenship or tax status of the independent contractor, determines which form should be collected.
|
US contractors (US citizen or tax resident) |
International contractors - individuals |
International contractors - entities |
|
| US company - once at the beginning of the engagement | Form W-9 | Form W-8BEN | |
| US company - issued yearly | Form 1099-NEC |
Important: These forms are the responsibility of the hiring company and the contractor. Oyster does not determine, complete, or file these forms on their behalf.
Oyster supports the process by:
- providing a way for the company to request the relevant form from the contractor
- enabling the contractor to complete and submit the form in the Oyster platform
- storing submitted forms on the team page for recordkeeping