W-8BEN without a TIN

March 3, 2023
March 3, 2023

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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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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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