03/15/2010
With a single member LLC using a SSN of the member, and that person passes away, how should the account be handled or restructured? Is it like a partnership that ceases at death? Can the LLC continue to do business indefinitely using this deceased persons SSN?
03/15/2010
When granting access to a safe deposit box, bank policy requires use of a private coupon room, but many customers want to access their boxes quickly, in the vault itself. Is there an industry best practice, either for or against, granting access to a safe deposit box while inside the vault?
03/01/2010
We have a sole proprietorship account opened with the customer’s social security number. The customer wants to change it to an LLC account, do we need to required them to provide a TIN or EIN?
02/08/2010
I know that an individual can have a NOW account for a sole proprietorship account or doing business as. Can he use a TIN instead of an SSN?
02/01/2010
We have a customer from Argentina who visits his daughter here two or three times a year. He stays for about a month when he comes. He wants to open an interest-bearing checking account. What type of tax ID do we need?
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?
11/16/2009
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?
11/02/2009
When a bank begins backup withholding on a customer, is it required to notify the customer?
10/26/2009
We have an attorney who wants to open an escrow account; however, the funds are from an estate that is being contested. He wants to open the account with the deceased's SSN. Should he not have to get a tax ID number?