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Including a Foreign Unverified TIN on a 1099 Form
January 28, 2025
Q. If a borrower's Tax ID Verification is set to Foreign Unverified, but they have a TIN number, should we still include their TIN on the 1099 that's issued to them or should it be left blank? The IRS requires that form W-8BEN be completed by any individual customer who is not a U.S. citizen or resident alien. This form allows a foreign individual to certify that they are a resident or citizen of a foreign country. If they don't certify with us, they get changed to foreign unverified until we…
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