WE ARE EXPERTS AT WHAT WE DO
In addition to having mastered the ins and outs of supporting emerging growth for midsize companies, we continuously keep abreast of changing industry rules, regulations and standards.
Here you will find commonly asked questions along with their answers. If you do not find the information you need, please do not hesitate to contact us.
We are eager to support you in any way we can.
WHY IS A SUBSTITUTE W-9 REQUIRED?
Federal law indicates that all shareowners must comply with IRS regulations requiring the submission of a certified taxpayer identification number (Social Security Number (SSN)) for individuals and Tax Identification Number (TIN) or Employer Identification Number (EIN) for entities, by submitting an executed Substitute IRS Form W-9. Unless we have a certified tax identification number you will be subject to backup withholding and we will be required to withhold 28 percent of dividend payments and sale proceeds at the time of payment.
For non-US shareholders, an IRS Form W-8BEN will be required. You may now use a copy of this form. It is required and it must be updated every three (3) years according to Federal law. The amount of backup withholding varies depending on the country.