Can a foreign person without a Social Security Number have an interest bearing account? How would you report the interest earned?
When opening an account with a rep payee, what is the correct way to title the account and who would be considered primary account holder?
In Florida, when a minor's account is opened, is the account reported under the minor's social security number or the adult's? This is not a FUTMA account, only a minor's savings account.
Other than a signature card, are we required to get any other legal documents when opening a representative payee account for an adult?
We have a CD with a father as the primary owner and his two children as co-owners. The father passed away. Does the interest get reported to the father’s social security number up until the date of death?
I have a customer who has an LLC set up with one owner. They would like to use their own social security number. Would I set this up any differently? Do I use his name or the name of the LLC first on our computer system? I was concerned with the interest reporting.