Joint personal account that is interest-bearing. The first owner signs a W-8 and obviously has no TIN. The second owner provides a TIN and signs a W-9. The owners asks the Bank to list the W-8 person as the primary or "first" owner and therefore, there would be no reporting since we list the TIN as 00-0000000.
Instead, is the bank required to list the TIN of the W-9 owner and report interest under that TIN? If so, does anybody know where this requiremnet is stated? (other than it makes sense)
Thank you.