The US Internal Revenue Service (IRS) has released drafts of IRS Forms W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding (Individuals))and W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding (Entities)). The drafts are dated 31 May 2012. The draft forms revise the current Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) to implement the Foreign Account Tax Compliance Act (FATCA). Generally, certain foreign persons are required to provide Form W-8BEN to their withholding agents or payors with regard to certain income payments, including fixed or...