Can someone please tell me whether, for an IRA customer over 70 1/2 who has an RMD, does the federal tax withheld get deducted from the RMD amount or is it an additional % on top of the set RMD amount?
We have an IRA customer who has passed away. The beneficiaries want the checks made payable to them without the IRA being transferred into the beneficiaries' names. Can we do that?
We have looked at Reg DD but cannot find where it even mentions this.
Are we required to tie IRA rates (variable or fixed) to an outside index? I think that back in the 1980’s when they first became available, it was a
But I cannot find it mentioned anywhere now?
What disclosures are required on an annual IRA statement?
What address should we get on the W-8BEN?
Do we have to bank nonresident aliens?
Can a nonresident alien have a social security number?
Are there any countries that do not issue taxpayer identification numbers?
Is my customer’s W-8BEN valid?
When an IRA owner dies are you required to open a beneficiary IRA and/or complete a beneficiary distribution form when paying out funds to the beneficiary?