W-8 taxes form
 

I set up a chase bank account and they tell me i have to file the W-8.

http://apps.irs.gov/app/picklist/lis...ria=formNumber

Is this correct?

Can someone please explain the tax situation of DACA beneficieries?

Re: W-8 taxes form
 

Anyone???

Re: W-8 taxes form
 

I believe you mean Form W9. I believe they told you to do that because you did not provide them with an SSN.

They only want to either know your ITIN or SSN because it is required they have your name exactly as it shows up on either of those two and if you don't fill out the form the only thing that happens is they withhold any interest they pay you.

Tax situation for those DACA approved is no different than anyone else except now we qualify for EIC if you meet all other requirements.

Re: W-8 taxes form
 

form w-8 is for non citizens and non residents. W-9 is for citizens and legal residents.

Re: W-8 taxes form
 

I did provide them with SSN. I also called the bank and they said im under w-8 because I'm not a citizen.

Re: W-8 taxes form
 

My mom got W9 and she's not a citizen. :shock:

She never filled it out though.

Re: W-8 taxes form
 

It has to do with the same thing I told you about form w9. Only they withhold more interest when they issue w8 and you don't fill it out.

Re: W-8 taxes form
 

Um, I think yhis is for non-citizens, they take around 28% of interest gains and give it to the government, but I thought that only apply to ppl without a ssn.

Re: W-8 taxes form
 

I thought that too but it applies to anyone who doesn't supply the bank with their SSN or ITIN. Only non-citizens get even more interest taken away than citizens do. Oh and I read somewhere you have to submit it like every 2-3 years? Anyone know anything about this?

Re: W-8 taxes form
 

I dont know much about it, I will ask once I get a social, I dont know if this rep is doing what he is supposed to ,if he is this is bullshit.