Form W-8BEN Uncovered: Ensuring Proper Withholding & Compliance
This webinar on Form W-8BEN will cover its role in establishing foreign status, applying tax treaty benefits, and ensuring compliance for non-U.S. individuals. Attendees will learn best practices for documentation and avoiding withholding errors.
Speakers
Ashley Murphy, CFP® GFP Fellow, is a tri-citizen of the USA, Australia and the UK. Ashley is the founder and Principal of Arete Wealth Strategists Australia, a fee-only financial planning and investment management firm for Australian/American expatriates in the United States and Australia.
From 2014 - 2017, Ashley taught in the CFP programs at UC Berkeley Extension and Golden Gate University. He served as a Knowledge Circle host for the Financial Planning Association's International and Cross-Border Knowledge Circle (2017 - 2019), and is a regular conference speaker. He holds a Graduate Diploma in Financial Planning in Australia making him one of the few financial advisors qualified in multiple countries. Ashley has been quoted in the Wall Street Journal and profiled in Financial Advisor Magazine.
Ashley lives with his wife Eliza, and daughters Elise & Jasmine in Minneapolis, MN. He enjoys cycling, reading and world travel. He is a futurist with interests in architecture, renewable energy and demographics.
About this webinar
In this webinar, GFP Institute Co-Founder/Executive-Director Ashley Murphy CFP® GFP will discuss the critical role of IRS Form W-8BEN in cross-border financial planning. This session will demystify what it means to have a W-8BEN on file, how it establishes foreign status, enables the correct application of U.S. tax withholding rules, and allows eligible individuals to claim tax treaty benefits. Attendees will gain practical insights into the compliance obligations for both clients and financial professionals, including best practices for maintaining proper documentation and avoiding costly withholding errors. Whether you advise non-U.S. clients with U.S.-source income or need to support your firm’s regulatory requirements, this webinar will provide actionable guidance and up-to-date regulatory context.
Some of the relevant issues GFP Institute Executive Director Ashley Murphy, CFP® GFP Fellow will discuss include:
- Explain the purpose and function of Form W-8BEN, including how it establishes foreign status, identifies the beneficial owner, and determines the appropriate U.S. tax withholding rate for non-U.S. individuals.
- Apply tax treaty provisions using Form W-8BEN, accurately identifying when and how clients can claim reduced withholding rates or exemptions under relevant U.S. tax treaties.
- Implement compliance best practices, including proper form submission, recordkeeping requirements, and understanding the consequences of failing to obtain or update a valid W-8BEN, in accordance with U.S. tax law and CFP Board standards.We hope you can join us!
FAQs
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