Why Is My Bank Requesting A W9 Form

Why Is My Bank Requesting A W9 Form – Typically, the income is interest or dividends, and the bank issues a 1099 form to report the income to the irs. Your bank includes your tax id number on the 1099 form so that the irs knows who received the payments. Does anyone know why my bank would be asking for this? We ask you to complete the form and provide your ssn or tin so we can update your account with the correct information.

I had a bank account with them, but it was a student account. So if you refuse to. Why would a bank suddenly (after 3 years) ask for that form? If they fail to get one signed, they may have to withhold taxes at 24%.

I ask out of curiosity, since i've never received this request before. New comments cannot be posted and. If you are not a u.s.

Now i graduated so the terms of the account have changed. Also, what changed since last year is that i am a us resident, so now i should fill out form w9. Citizen or green card holder and you file a form 1040nr because you claim tax residency outside the u.s.

Your bank or the financial institution you invest with might also. If you are not a u.s. My bank sent me these letter.

W9 Forms Everything You Need to Know About W9 Tax Forms