IRS Tax Form W-8ECI, Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States
The Form W-8ECI, Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States skill extracts data from IRS Forms W- 8ECI, which are used by foreign individuals who receive income from US companies to establish that they are not US citizens, to claim that they are the beneficial owner of the income at stake, and to claim that the income is connected with the conduct of a trade or business in the US.
The W-8ECI skill is a preview Skill. It has been trained on a small document set and is intended to be used by citizen developers as a quick-start basis for processing Forms W-8ECI. The skill may require further training on your specific documents in order to be used in production scenarios.
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.