My son is opening a bank account in France. He was born in the USA, while we (English Parents) lived there for a few years. For the last 20 years (since age 5), he has been back in the UK, and is dual nationality UK & US. He has both passports. He lives & works in the UK, and pays UK taxes. The French Bank are asking him to fill out a W9 form. Are there any implications for this?
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Thanks. My son has never paid tax in the US, he does not have a US social security number, nor does he have a US TIN. He pays taxes only in UK, on his UK income. –– WedgeAug 4, 2015 at 17:35
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You probably need to get your son a US-aware tax advisor ASAP, as he has potentially been breaking US law since turning 18... The US is in a very select club of nations which requires its non-resident citizens to file tax returns– GagravarrAug 4, 2015 at 17:53
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1 Answer
No implications. This is a certification to the French bank that he is a US tax resident. It stems in the US FATCA legislation.
Your son will continue filing his tax returns and paying his taxes (if any) in the US regardless of this form.
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Thanks. My son has never paid tax in the US, he does not have a US social security number, nor does he have a US TIN. He pays taxes only in UK, on his UK income.– WedgeAug 4, 2015 at 17:01