Thread: bank or america
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#25
04-24-2009, 05:05 PM
Senior Member
Joined in Mar 2006
3,098 posts
VJB2
For those who have recently opened a Bank of America account, did you receive a W-8BEN form?

Yesterday I received said form titled "Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding". When I had my account with WaMu, I never received this form. It asks me to fill it out the form and asks for two strange requirements:

1. My "full" Non-U.S. permanent residence address. -- I don't have one...

2. Must sign and date the form to "certify" my foreign status.

3. The IRS requires a written explanation if any of my accounts have a U.S. mailing address. "If you have a U.S. mailing address, please complete the section reason the U.S. mailing address on the form." Basically, it asks me to tell them why I have a U.S. address here.


At the end it states that I should promptly fill out and return the application or my account will be subject to U.S. tax reporting and federal income tax withholding on interest paid.



Anyone else?
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