IRS Tax Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)
The W8-BEN Form is a form required by the IRS, similar to the W9 form that employees and subcontractors in the United States must submit to employers.
The W-8BEN skill extracts and processes key data from Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). The Form W-8BEN Skill has been trained on a smaller set of documents. The most important data fields are defined and labeled. Customers can use this skill as a starting point to label additional required fields, for further training the skill based on incoming documents, or to adjust business rules to their own requirements.
Benefits
- Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
- Preview document skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
- Includes validation and data normalization rules. Further business rules can be added as required.
- Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
- Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.
Processes with this connector
Transfer data to other systems
Related skills
Contributor:
ABBYY
Published:
2 April 2024
Last updated:
2 October 2024
Purchase terms
Free
Specifications
English
United States
Preview