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Sole Prop NOW Account - TIN Instead of SSN?

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Question:

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?

Answer:

A sole proprietor and the bank should use a SSN for bank accounts. See the instructions on the W-9.

First published on BankersOnline.com 2/08/10

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First published on 02/08/2010

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Filed under operations as:

Sole Proprietorship

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