What are the differences between using Form W8 and Form W9 in the cryptocurrency industry?

3 answers

• Nhi NguyenSep 28, 2022 · 4 years ago
  Form W8 and Form W9 are both tax forms used in the cryptocurrency industry, but they serve different purposes. Form W8 is used by non-U.S. individuals or entities to claim tax treaty benefits and certify their foreign status. On the other hand, Form W9 is used by U.S. individuals or entities to provide their taxpayer identification number (TIN) to the payor. In summary, Form W8 is for non-U.S. individuals or entities, while Form W9 is for U.S. individuals or entities.
  472

  236
• Chappell CamposApr 29, 2026 · 3 months ago
  Form W8 and Form W9 are like two sides of the same coin in the cryptocurrency industry. Form W8 is for our international friends who want to take advantage of tax treaty benefits and let the payor know they're not U.S. citizens or residents. On the flip side, Form W9 is for our fellow Americans who need to provide their taxpayer identification number (TIN) to the payor. So, whether you're a global citizen or a proud American, there's a form for you!
  453

  151
• obiworldenglishApr 15, 2024 · 2 years ago
  When it comes to tax forms in the cryptocurrency industry, Form W8 and Form W9 play different roles. Form W8 is used by non-U.S. individuals or entities to declare their foreign status and claim tax treaty benefits. On the other hand, Form W9 is used by U.S. individuals or entities to provide their taxpayer identification number (TIN) to the payor. So, if you're an international player in the crypto game, go for Form W8. If you're a U.S. player, Form W9 is your go-to form.
  477

  120