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Part II: Ongoing Responsibilities
Backup Withholding on Interest-Bearing Accounts
Ongoing Duties Concerning Foreign Persons
Part II: Ongoing Responsibilities
Backup Withholding on Interest-Bearing Accounts
Introduction: Backup Withholding on Interest-Bearing Accounts
Your Responsibilities in Handling a Payee's TIN
Duties After You Have Received an "Awaiting TIN' Certification
Responding to Notices From the IRS of Incorrect Payee TIN and Payee Underreporting
Ongoing Duties Concerning Foreign Persons
The Mechanics of Backup Withholding
Rules Concerning Record Retention
What to do When a Deadline Falls on a Saturday, Sunday, or a Legal Holiday
Confidentiality of Information: Use of Information, Charging for the Imposition of Backup
Payor's Penalties
Reg CC: Ongoing Responsibilities Toward the Account Holder (Funds Availability)
Reg CC: Check Return Procedures
State Funds Availability Laws and Federal Preemption Issues
Electronic Fund Transfer Act and Regulation E
The Bank Secrecy Act and Related Requirements
Federal Financial Privacy Laws
Deposit Account Insurance Coverage
Advertising Deposit Account
Early-withdrawal Penalties on Time Deposits
A Financial Institution's Right of Setoff
Stop-payment Orders
Ongoing Duties Concerning Foreign Persons