09/14/2009
Is the TIN for a decedent's estate the appropriate TIN for opening an account for the decedent's trust?
09/07/2009
Our credit union has always opened trust accounts and allowed the trust to be listed with the trustee's social security number if a TIN was not assigned. Someone now told us we should let the ownership only reflect the trustee's with their respective SSNs if we have no tax ID number. Is this true?
08/10/2009
Our consumer lenders and marketing departments have figured out a way to increase car loan volume. For newer cars and requests greater than $5,000 they'll offer gas coupons. For customers who don't qualify for the government's Clunkers Program, this may be an incentive to choose us for borrowing. What issues do we need to watch?
01/19/2009
I have a customer who wants to open a living trust account with his SSN. Should it be a personal checking or business checking account?
01/12/2009
Who owns an uniform transfer to minor act savings account, the minor child or the custodian?
11/10/2008
What is the proper way to set up a sole proprietor account when the sole proprietor provides a TIN? Should it be set up as a DBA or simply under the business name?
11/03/2008
What is the proper titling for a representative payee account for Social Security and what would the relationships be?
09/15/2008
A corporate account sells the business and the owners change, but the corporation name stays the same. Can the new owners keep the same Federal Tax Number?
06/02/2008
We have a customer who has an Irrevocable Trust and she wants to use her Social Security number for it (her daughter is the trustee). We told her that an Irrevocable Trust needs to have its own TIN. Her lawyer says she can use her own SSN citing IRC 677a. I looked into it and everything I found says to use a TIN. Can they use her SSN or do they have to get a TIN?
11/12/2007
We have a foreign individual who does not have a TIN. This individual now has a DBA. Is a TIN required for the business or do we use a W-8?