02/15/2010
Should the bank withhold funds on an UGMA if the custodians' accounts are levied by the IRS?
01/18/2010
We're marketing HSAs. Marketing considers this a checking account and only needs Member FDIC. Compliance says we need insurance disclaimers (not, not, may). Who is right?
11/30/2009
When opening an IOLTA account, can it be a "doing business as" account or does the law firm have to have an EIN number?
11/23/2009
If we have a properly certified non-resident alien, would we need to report an early withdrawal penalty to the IRS and generate a 1099 even if we do not report interest income for the customer?
11/23/2009
What needs to be done for IRS reporting when you have an IRA spouse only beneficiary, that wants to "treat as own"?
11/16/2009
Can a partnership report under one of the partner’s social security number, rather than filing for a EIN?
11/09/2009
Is it mandatory that the titling of an account for an LLC (sole member) be structured to have the individual's name on it, or can it be titled as strictly the name of the company?
11/09/2009
When you are opening a Miller Trust account or qualified income trust, whose social security number do you use to open it, the beneficiary's or the trustee's? Should the trust have its own TAX ID number?
11/02/2009
When a bank begins backup withholding on a customer, is it required to notify the customer?
10/26/2009
At a grand opening or moving project, we would like to use a prize wheel. The prize wheel would only have items that range in value from $1.00 to $25.00. The $25 items obviously being the single panel on the wheel. If anyone who spins the wheel is guaranteed some specialty object or prize, can we use it at an event? In other words, there would be no “Lose Turn” or “Bankrupt” as seen on TV. Prize wheel gifts will be changed on a regular basis. And, in order to be able to spin the wheel you have to bring in the direct mail piece. No account existing or new account is necessary in order to participate. Is this a problem?