TABLE: 1031 EXCHANGE ACCOUNTS / BANK NOT QUALIFIED INTERMEDIARY 1031 Exchange Accounts Required Information on Qualified Name Interned: Address Taxpayer identification The account — (Before opening account) will use the Social Security number of or employer identification number of owner. IRS Reporting: Report in SSN or EIN of Documentary Requirements: Identification on Qualified Intermediary (Reasonable time opening) My bank does/does not require all signers to complete CIP Exchange Agreement: An agreement by the entity to let another person represent them. Provided by the customer Bank Provided Resolution: Resolution appropriate for the entity. Agent Bank Provided Signature Card: as the signer Suggested Nondocument Verification: A CIP program must also have nondocumentary verification. Suggestions (Reasonable time opening) include: Welcome letter Call to customer to for business Delivery of checks to location by account officer party verification Previous financial institution references 1031 Exchange Accounts Account Styling: Joe by Jessica Clark, Mountain Title, Qualified Intermediary Section 326 List Consult Government Lists:
TABLE: 1031 EXCHANGE ACCOUNTS / BANK NOT QUALIFIED INTERMEDIARY 1031 Exchange Accounts Required Information on Qualified Interned: (Before opening account) Name Address Taxpayer identification — The account will use the Social Security number of or employer identification number of owner. IRS Reporting: Report in SSN or EIN of Documentary Requirements: (Reasonable time opening) Identification on Qualified Intermediary My bank does/does not require all signers to complete CIP Exchange Agreement: An agreement by the entity to let another person represent them. Provided by the customer Bank Provided Resolution: Resolution appropriate for the entity. Bank Provided Signature Card: Agent as the signer Suggested Nondocument Verification: (Reasonable time opening) A CIP program must also have nondocumentary verification. Suggestions include: Welcome letter Call to customer to for business Delivery of checks to location by account officer party verification Previous financial institution references 1031 Exchange Accounts Account Styling: Joe by Jessica Clark, Mountain Title, Qualified Intermediary Consult Government Lists: Section 326 List
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