Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Foreign bank wants W9 - but I'm retired!

Foreign bank wants W9 - but I'm retired!

Old Feb 1st 2024, 6:43 pm
  #1  
Homebody
Thread Starter
 
Joined: Jan 2005
Location: HOME
Posts: 23,179
Elvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond repute
Default Foreign bank wants W9 - but I'm retired!

I have inherited a small (4-figure) sum from a relative who lived and died in a European country.
The foreign bank where the money is held has sent me various forms to fill in, including a W9, to claim this money.

I don't know what to put where it asks for 'Business name', or 'federal tax classification'.
I am retired and don't have any income other than social security and a small pension.
Just wondering whether they have sent me the wrong form? If so, what should I do?

Than you for helping!
Elvira is offline  
Old Feb 1st 2024, 6:56 pm
  #2  
BE Forum Addict
 
Joined: Aug 2013
Location: Athens GA
Posts: 2,133
MidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond reputeMidAtlantic has a reputation beyond repute
Default Re: Foreign bank wants W9 - but I'm retired!

Originally Posted by Elvira
I have inherited a small (4-figure) sum from a relative who lived and died in a European country.
The foreign bank where the money is held has sent me various forms to fill in, including a W9, to claim this money.

I don't know what to put where it asks for 'Business name', or 'federal tax classification'.
I am retired and don't have any income other than social security and a small pension.
Just wondering whether they have sent me the wrong form? If so, what should I do?

Than you for helping!
The form is used for individuals and businesses, so can be confusing.

Business Name - leave blank. It actually says "if different from above" which is your name.

Federal tax classification. Check Individual.

MidAtlantic is offline  
Old Feb 1st 2024, 7:10 pm
  #3  
Homebody
Thread Starter
 
Joined: Jan 2005
Location: HOME
Posts: 23,179
Elvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond reputeElvira has a reputation beyond repute
Default Re: Foreign bank wants W9 - but I'm retired!

Thanks, MidAtlantic.
So I check 'Individual', even though it is labelled 'Individual/sole proprietor or single member LLC'...?
Okay - you are right, it is indeed confusing!
Elvira is offline  
Old Feb 1st 2024, 11:49 pm
  #4  
Forum Regular
 
Joined: Jul 2022
Location: SoCal
Posts: 58
Pierre_Tete is an unknown quantity at this point
Default Re: Foreign bank wants W9 - but I'm retired!

All forms from the IRS come with instructions and explanations. Maybe the bank just sent you the W-9 itself without the instructions? You can refer to or download the form and its instructions from the IRS website.
Pierre_Tete is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.