How do I update my W-8BEN form?
Taxes & Tax Forms
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How do I update cost basis information for transferred securities?
UPDATE COST BASIS FOR TRANSFERRED SECURITIES
When securities are transferred to your account, cost basis information (acquisition date and price) may not arrive immediately. Until this information is received:…
Why do I need to provide documents that I already gave to IBKR?
It is necessary for us to have current information on our clients. Expired or out-of-date documents cannot be accepted. Please make sure all documentation you submit is legible, has not expired and all proof of address documentation is less than 12 months old. It is important that you promptly respond to our requests for documentation so that the correct withholding rate is applied to your account…
I responded to your email and provided the requested documents. Now I received an email saying my response was insufficient to resolve the issue. Why?
We cannot accept proof of address documentation that is more than 12 months old or which is not legible. Please verify that the proof of address document submitted, such as a bank or brokerage statement or a utility bill, is less than 12 months old. You should also confirm you submitted all required documentation. In certain cases, the documentation must be submitted from the country with which you claimed treaty benefits or tax residency to be acceptable. …
Where can I get historical and current tax forms?
Use the button above to log into Client Portal and access your tax forms for the past five (5) most recent calendar years…
Tax form users guide
Introduction
This Users Guide is intended to assist introducing brokers with answering questions your clients may have when completing our online Tax Form. Individual and joint accounts having tax information requiring update will be presented with the form immediately upon login to Client Portal. For joint accounts, each account holder needs to provide his or her personal information and complete an appropriate tax form. Organization and trust accounts will complete the form through an updated online account application made available through your Client Portal Dashboard. Applicable sections of the form will be pre-populated with information on record and the form should therefore only take a few minutes to complete. Completion of the form in a timely manner is critical to ensuring that both U.S. and non-U.S. taxpayers are not subject to any exceptional U.S. tax withholding and non-U.S. taxpayers receive the most favorable rate on dividend withholding as defined by U.S. treaties. As a result, the form cannot be by-passed upon client login and no other Client Portal functions will be accessible until completed…
How do I verify the tax status of my account?
Use the button above to log into Client Portal and verify the tax status of your account or request a change:…
I submitted a proof of address and I received an email that the document submission did not resolve the issue. Why?
Please confirm that the proof of identity you submitted was issued by the treaty country and that the proof of address relates to your address in the treaty country. A proof of address document alone is not sufficient to resolve the matter. Sometimes, customers inadvertently submit documentation for the other address. Please check the date of the proof of address document. We can only accept documents dated less than 12 months old. Also confirm you submitted a proof of identity document from the treaty country…
Irish tax withholding reclaim process
Overview:
Interactive Brokers Ireland Limited (IBIE) must apply Irish withholding tax of 20% on credit interest paid to certain clients, including natural persons. However, you may be able to reclaim some or all of the tax withheld, if you are resident in a country with a Double Taxation Treaty (DTT) with Ireland, which includes all…
How can I get cost basis and tax documents after closing my account?
When an account is closed, you should still be able to access Client Portal with your username and password to download your statements and tax forms.
Additional Information…
I am a non-US entity. How do I fill out the W-8 form?
Interactive Brokers is required to collect certain documentation from clients to comply with U.S. Foreign Account Tax Compliance Act (“FATCA”) and other international exchange of information agreements…
W8 re-certification
If you are not a U.S. citizen or entity formed within the U.S. and have an account with us, you are requested to declare your citizenship or country of formation with the US tax authority (IRS). This declaration can be done online by correctly filling out the W-8BEN form. Filling out this form is an easy process that only takes a few minutes. In the short movie below, we show you where to find the W-8BEN in your account management and how to fill it out…
I am a non-US person. What withholding taxes do I have to pay?
While an account holder who has submitted a Self-Certification of Tax Residencies (Substitute W-8BEN, classifying them self as a non-U.S. person) is not subject to a U.S. capital gains tax or withholding on trading profits (will be subject to the tax rules of their country of origin), they are subject to U.S. withholding taxes on U.S. source income. U.S. source income includes dividends and…
How are withholding taxes determined on dividends?
In the event you hold a position over the ex-dividend date, your dividend may be subject to withholding tax.
Depending on which entity of Interactive Brokers your account is opened with, and your country of legal residence, IBKR might act as a withholding agent and apply the applicable treaty rates, or the tax might be applied by our clearing agent prior to receipt. In such a case, holders might be unable to take advantage of any country specific rates which may exist…
FAQs - Irish withholding tax
Overview:
As an Irish company, Interactive Brokers Ireland Limited (IBIE) is generally required to collect withholding tax (WHT) at a rate of 20% on interest paid to certain clients…