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Jose86

Dreamer with Restricted Bank Account (W-8BEN Tax Form)

3 posts in this topic

My bank account is currently restricted which means that I cant deposit any cash. My banker tells me I need to fill the W-8BEN tax form so that my account may be fully accessible. I havent filled it out because in question 3 it asks for my permanent resident address which according to the form its the address where I would live in if I lived in my country of origin. I have never lived in my country of origin since I was 5 so how could this be considered my permanent address. If I fill this out as the IRS asks will it affect my daca renewal or later on in my life lets say I have the prerequisites to become a resident will this also affect that process? Any help on this issue would be greatly appreciated.

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What Bank do use? BTW: You don't need to fill a W8-Ben for a Regular/Savings account. It's clearly noted in the W8 form instructions. You only need that if you plan to open a brokerage account, which is exactly what I am doing. I am also stuck on question 3. I talked to my tax lady but She had no clue. My next option is talking to a CPA. From what understand the IRS won't even give advice on W-8 forms in general. If you find anything out let me know. I let you know anything I find.

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Ok thanks I will look into the instructions for the W8-BEN Form but I also plan on opening a brokerage account. I want to to start trading in the stock market, so I am currently taking some momentum trading courses. I am going to talk to my immigration lawyer about question 3 maybe he will know be able to answer our question. Ad BTW my bank is golden 1 Credit union.

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