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W-8BEN on interest-bearing accounts only?

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Question: 
Do we only get W-8BEN on interest-bearing accounts?
Answer: 

Yes, we only get W-8Ben on interest bearing nonresident alien accounts. One on each nonresident alien owner. You don’t need W-8BEN if there is a US owner on the account.

Learn more about Deborah Crawford's
New Account Procedures-40 Ownership Typesg webinar.

First published on 01/21/2024

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