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W-8BEN or W-9 when moving out of USA.
I moved out of USA permanently in July, 2023 after living there for about 11 years on H1b visa and i do pass the substantial presence test and therefore I am considered a resident alien for tax purpose for tax year 2023.
1) Do i need to file forms W-8BEN or W-9 with my financial institutions, even though for year 2023 i will still be considered resident alien for tax purposes? also if yes, which form it would be?
2) Do i need to file W-9 even if i update my friends USA based address with financial institutions ?
3) if i need to file W-9 now, at what point do i file W-8BEN? would it be at the start of next financial year (i.e. Jan 2024) ?
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‎August 9, 2023
5:34 AM