Hi again,

I have some savings which earned some interest in 2006. Do I need to report this in my tax return, regardless of the amount? I do not work, but is considered a resident alient for tax purposes.

One of my husband's banks is requesting him to fill up W8-BEN but I think he needs to fill up form W-9. Kindly confirm.

Thanks,
pal123

Pal123:

If you file as a resident alien, he needs to fill in W-9.

If the interest is over $10, it should be reported, as the bank has sent a Form 1099-INT to the IRS. If it is under $10, it does not need to be reported on your tax return.

Thanks again. Appreciate all the help.

Glad to help!