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.
Please refer to the Entity and FATCA Classification for Non-Financial Entities guide in the IBKR Knowledge Base which contains a series of flowcharts and accompanying notes that summarize IRS rules relating to:
- The tax classification for purposes of determining which W-8 or W-9 tax form an entity is required to complete; and
- The FATCA classification required of entities completing the W-8 tax form (Part I, Section 5).
Account holders may use the button above or follow the below procedure to update their W-8 tax form through Client Portal:
- Log into Client Portal
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- Then under the Account Settings section find Account Profile
- Click on Profile of the proper user's name
- The available Tax Forms are displayed at the bottom of the window
- Click Update Tax Forms in the bottom right
- Click Continue until you arrive at the W-8BEN form
- Update the form by following the prompts on the screen.
Additional Information