10/13/2019
If there is a US Person and a Nonresident alien on the account, do we have to have a FTIN?
10/15/2012
A joint account with right of survivorship that has a deceased primary owner: What are the ramifications of reporting interest earned on a deceased primary owner's SSN when an account has a surviving joint owner? Who is liable for these ramifications - we, the institution, or the surviving owner(s)? When a primary owner dies, we request that the surviving owner(s) close the existing account and re-open a new one in their name, but we don't REQUIRE it. Are we doing something wrong?
07/09/2012
Can you give a free gift valued over $25 to customers with a Health Savings Account? The account is coded as a checking account.
02/25/2008
Does the bank need to report the interest earned on an account of a foreign individual with a SSN not valid for employment? Does it need to report the interest earned on an account of a foreign individual with a SSN valid for work only with DHS authorization? Does it need to report interest earned on an account of a foreign individual with ITIN?
03/19/2007
Is it necessary to report mortgage interest paid on form 1098 if the real estate is not a principal residence?
10/20/2003
We have a joint account for two individuals; one is a nonresident alien with an ITIN, the other one is a US citizen with a SSN who is an 'in case of emergency' signer. Is the interest reported on a 1042S using ITIN of primary owner or does the interest HAVE to be reported on a 1099 using the SSN of the emergencyonly signer?
03/03/2003
When a new customer is not a resident or is a resident alien opens an account, we normally require them to complete a W8BEN to claim foreign status and prevent us from reporting interest earned on the account. If they open an account that does not pay interest, are they still required to complete a W8BEN?
02/24/2003
When a new customer is not a resident or is a resident alien opens an account, we normally require them to complete a W8BEN to claim foreign status and prevent us from reporting interest earned on the account. If they open an account that does not pay interest, are they still required to complete a W8BEN?
