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 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|
- Determining the appropriate form to collect
- Assisting the contractor with completing the form through the Oyster platform
- Storing the forms on the team page