Tax Information and Reporting - US - Initial Application & Data Collection | Interactive Brokers LLC

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TAX INFORMATION AND REPORTING

US Persons & Entities

Initial Application & Data Collection Year-End Tax Forms Year-End Reports

Initial Application & Data Collection


All US citizens, Green Card holders and other legal residents are considered US persons by the IRS and are required to complete Form W-9, Request for Taxpayer Identification Number and Certification, when they apply to open an account. Entities formed or operating in the United States are also treated as US persons. If you are an individual, include your social security number (SSN). If you are an entity, your employer identification number (EIN) is required.

US resident aliens will also be required to complete Form W-9 and provide a social security number (SSN). A resident alien is considered a US resident if one of the following criteria has been met: you are a lawful permanent resident issued a resident alien registration card ("Green Card"), or you are an individual with a valid nonimmigrant visa who resides in the US for a required period of time and you have established a substantial presence. Refer to IRS Publication 519, US Tax Guide for Aliens, for further information.

Generally, there is no US tax withholding required from the account of US persons or entities. However, the IRS may direct us to withhold on the accounts of US persons or entities on dividends, payments in lieu, and interest.


Note:

IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


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