Why Did My Bank Make Me Sign A W9 Form

Why Did My Bank Make Me Sign A W9 Form – This information helps when it's time to file your taxes. Has your bank recently asked for your tax identification number (tin) in the u.s.? Once they have the form, businesses don't send it to the irs. Why would a bank suddenly (after 3 years) ask for that form?

Instead, they keep it in their files. Throughout the year we see spikes in banks from all over the world asking questions of expats and. I recently received a letter from chase, where i have a credit card. Here's a few other things to note:

Yesterday that bank sent me a w9 form (an official form that basically asks for my tin or ssn) although the bank already has my ssn. I work for capital one in the national direct bank division (also aquiring ing direct). I found some online postings about similar cases with other banks, but i didn't find any possible reasons for requesting such a form.

1) the most recent name and ssn/ein. The form is used to gather your tax identification number. If you fail to provide this information or report investment income, it may be withheld.

My division may be requesting a w9 form from you for one of two reasons. I’ve had the credit card for. Businesses use this form to collect the tax id numbers of individuals or other entities.

What is a W9 Form & Why You Need To Fill It Out Bench Accounting