Bankers & Brokers - 26 U.S.C. 6045 & 6049
6045. Returns of brokers
Every person doing business as a broker shall, when required by the Secretary, make a
return, in accordance with such regulations as the Secretary may prescribe, showing the name and address of each customer, with such details regarding gross proceeds and such other information as the Secretary may by forms or
regulations require with respect to such business.
26 USC 6045
Every person -
(1) who makes payments of interest (as defined in subsection (b)) aggregating $10 or
more to any other person during any calendar year, or
(2) who receives payments of interest (as so defined) as a nominee and who makes
payments aggregating $10 or more during any calendar year to any other person with
respect to the interest so received, shall make a return according to the forms or
regulations prescribed by the Secretary, setting forth the aggregate amount of such
payments and the name and address of the person to whom paid.
26 USC 6049Now, do you see any requirement anywhere, in any of these code sections, to use a Social Security number when making reports on these types of earnings ! Why do you suppose they (banks, brokers, corporations) all try to demand a number from you ? Could it be the resulting tax implications ?? Can thet legally require you to supply one ? No according to the law !
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