Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The Credit Union may suspend the opening of your account until an accurate TIN is provided.
Appears in 4 contracts
Samples: Membership Account Agreement, Membership Account Agreement, Membership Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest and certain other payments under certain conditionsdividends. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your TIN, the Credit Union may suspend the opening of your account until an accurate a TIN is provided.
Appears in 4 contracts
Samples: Business Membership and Account Agreement, Membership and Account Agreement, Business Membership and Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest dividends, interest, and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your TIN, the Credit Union may suspend the opening of your account until an accurate TIN is providedaccount.
Appears in 2 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the The Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage twenty-eight percent (28%) of payments of interest interest, dividends and certain other payments under certain conditions. This is called backup withholding (Per IRS publication 1281). Your failure to furnish a correct taxpayer identification number (TIN) TIN or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The If you refuse to provide your TIN, the Credit Union may suspend the opening of your account until an accurate TIN is providedprivileges while attempting to resolve the situation, or may close your account.
Appears in 2 contracts
Samples: Membership and Accounts Agreement, Membership and Accounts Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest dividends and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number ("TIN") or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your TIN, the Credit Union may suspend the opening of your account until an accurate TIN is providedprivileges and or close your account.
Appears in 2 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the The Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage twenty-eight percent (28%) of payments of interest interest, dividends and certain other payments under certain conditions. This is called backup withholding (Per IRS publication 1281). Your failure to furnish a correct taxpayer identification number (TIN) TIN or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The Credit Union may suspend the opening of your account until an accurate TIN is provided.as
Appears in 2 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest dividends, interest, and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your TIN, the Credit Union may suspend the opening of your account or you may request a non-dividend bearing or interest bearing account until an accurate a TIN is provided.
Appears in 2 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest interest, dividends, and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The Credit Union may suspend the opening of your account until an accurate TIN is provided.as
Appears in 1 contract
Samples: Membership & Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the The Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage thirty-one percent (31%) of payments of interest interest, dividends and certain other payments under certain conditions. This is called backup withholding. Your failure to furnish a correct taxpayer identification number (TIN) TIN or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The If you refuse to provide your TIN, the Credit Union may suspend the opening of your account until an accurate privileges. The Credit Union provided you with the required TIN is providedand backup withholding certification and instructions at the time you established your account.
Appears in 1 contract
Samples: Membership and Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest dividends and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (“TIN”) or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your TIN, the Credit Union may suspend the opening of your account until an accurate TIN is providedprivileges and/ or close your account.
Appears in 1 contract
Samples: Membership & Account Agreement
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest dividends and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (“TIN”) or meet other applicable requirements may result in backup withholding as well as civil or criminal penaltieswithholding. The If you fail to provide your correct TIN, the Credit Union may suspend the opening of your account until an accurate TIN is providedprivileges and/or close your account.
Appears in 1 contract
Taxpayer Identification Numbers and Backup Withholding. If your account is or becomes subject to backup withholding, the Credit Union is required by law to withhold and pay to the Internal Revenue Service (IRS) a required percentage of payments of interest interest, dividends and certain other payments under certain conditions. Your failure to furnish a correct taxpayer identification number (TIN) or meet other applicable requirements may result in backup withholding as well as civil or criminal penalties. The If you refuse to provide your TIN, the Credit Union may suspend delay the opening of your account until an accurate TIN is providedaccount.
Appears in 1 contract
Samples: Membership and Account Agreement