04/30/2012
A professional sports player who is a non-resident alien would like to open a joint checking account. The other owner will be his manager. Do we have to use the manager's TIN as the primary TIN on this account even though he will not be benefiting from the interest payments? He is on the account only for convenience sake when the other individual is traveling.
03/26/2012
If two checks were drawn in error on an account that was closed; would it affect the credit score and/or would that bank inform the IRS regarding these transactions at the end of the year for tax purposes?
03/05/2012
A primary owner is deceased. There are 3 Joint owners on the account. How do we decide which Joint owner can take ownership of the descendants account?
01/02/2012
Do you return a pending ACH debit and/or credit to a customers account after you've placed a Hold for an IRS Levy?
12/12/2011
We recently received a Notice of Levy on a customer from the IRS. Can we take the levy proceeds from their IRA?
11/28/2011
What are our responsibilities as a financial institution if a customer disputes that a deposit was to be a prior year contribution and it was coded as a current year on a HSA? Is there a time limit to disputing this (this customer is disputing a transaction 6 years old)? If the customer did not inform us it was for the prior year at the time we received it, do we have to correct it?
11/07/2011
When cashing in a certificate of deposit that the owner is deceased, do the POD beneficiaries need to sign the CD or any other form?
10/31/2011
We are conducting customer surveys and would like to offer $10 for participation which would be deposited into the customers' non-interest bearing account. I believe it is covered under the 1099MISC rules; however, the 1099 INT instructions for Box 1 states: "Include amounts of $10 or more, whether or not designated as interest, that are paid or credited to the person’s account by savings and loan associations..." Can you confirm if it would be 1099MISC or 1099INT?
10/31/2011
In the state of New Jersey, how long can an estate account remain open with the bank? Can it stay open as long as there is activity and treated as a regular account or does it need to be settled and closed within a time frame?
09/12/2011
A new LLC has two members (husband and wife). The husband is also listed in the Articles of Organization as the registered agent. Can the LLC account be opened under the husband's social security number?