Common use of Taxpayer Identification Numbers and Backup Withholding Clause in Contracts

Taxpayer Identification Numbers and Backup Withholding. Your failure to furnish a correct Taxpayer Identification Number (TIN) (which can be your social security number) or meet other requirements may result in backup withholding. If your account is subject to backup withholding, we must withhold and pay to the Internal Revenue Service (IRS) a percentage of dividends, interest, and certain other payments. If you fail to provide your TIN, we may suspend/refuse opening your account. -Exception- Non-U.S. Citizens- A W-8 BEN form must be provided at account opening for all non-US Citizens with foreign certification.