topic Hello, I opened a savings account at https://securelogin.synchronybank.com/myaccount/loginUserActionGetOnly and now they have sent me a w-9 form? why? Please be clear. in Get your taxes done using TurboTax

Hello, I opened a savings account at https://securelogin.synchronybank.com/myaccount/loginUserActionGetOnly and now they have sent me a w-9 form? why? Please be clear.

pammi-8807 — Sat, 01 Jun 2019 02:04:31 GMT

I opened the account because they give 1.01% interest rate but wasnt expecting a w-9 form. What does this mean? Do i have to pay money to IRS now? If yes, then how much on a 20K?

Didn't you give them your ssn when you opened the account...

VolvoGirl — Sat, 01 Jun 2019 02:04:32 GMT

Didn't you give them your ssn when you opened the account? They need it to report any interest you earn on it.

If you don't send them the W-9 as requested then they mus...

Critter — Sat, 01 Jun 2019 02:04:33 GMT

If you don't send them the W-9 as requested then they must withhold 30% in federal taxes from your interest income. Comply with the request.

thats weird. i did give them my SSN when signing up. My o...

pammi-8807 — Sat, 01 Jun 2019 02:04:34 GMT

thats weird. i did give them my SSN when signing up. My only concern is that i dont want to pay any money or put this in my taxes otherwise earning any interest rate in that account will be useless.

They sent you a W-9 to get your Social Security number th...

jerry2000 — Sat, 01 Jun 2019 02:04:35 GMT

They sent you a W-9 to get your Social Security number that they need to report interest that you earn on the account. Just fill out the W-9 and send it back to them.