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W-8BEN without a TIN
March 3, 2023
Q. How should a servicer handle a situation where our borrower returns a W-8BEN with no ITIN, TIN or SSN number provided due to being a foreign borrower? What identification number should be used when filling out 1099-INT’s or 1042-S for these borrowers? The interest that is being paid to this customer is interest on their escrow balance for their mortgage located in California.
A.
(Answered by IOFM's third-party tax experts)
Boxes 13e and 13i are blank on the 1042-S (or in an electronic file,…
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