How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Megan C Your Own Question

Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 15156
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
23669918
Type Your Tax Question Here...
Megan C is online now
A new question is answered every 9 seconds

HOW DO I DETERMNE WHAT IS MEANT BY ME BEING ASKED TO PROVIDE

Customer Question

HOW DO I DETERMNE WHAT IS MEANT BY ME BEING ASKED TO PROVIDE A NON RESIDENTIAL TAX CODE TO SOMEONE SENDING ME MONEY?
Submitted: 1 year ago.
Category: Tax
Expert:  Megan C replied 1 year ago.

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

First, who is sending you money and are they in the United States or abroad?

MyVirtualCPA :

I am not aware of any "non residential tax code" and typically scams will say something like "please talk to Mr. Smith to get your non residential tax code."

MyVirtualCPA :

A legitimate wire transfer will not ask for a tax code, as there is no such thing.

Customer :

The sender is abroad and sending money from Natwest Bank in Europe

MyVirtualCPA :

This is most likely a scam. The perpetrators are trying to gain information to your routing number and bank account number, and they use this "tax clearance code" to make the transfer sound more legitimate

MyVirtualCPA :

But, there's no such thing.

MyVirtualCPA :

I'm truly sorry if this is not the news you had hoped to hear. Have you given any personal information to the people who claim to be sending you the wire transfer?

Customer :

i have given them my bank account number and the bank swift code and all other information they have requested ... and they just sent me the COT # to arrange for the transfer of funds ... but when I went on line to do that and filled in all the blanks ... the ONE thing I did not know how to answer was fillng in the blank that asked for my non residential tax number. So WHAT do I put into that blank as I WANT to ... and am willing to risk it being a scam as you believe.

MyVirtualCPA :

There's no such thing as a non residential tax code, as I am explaining.

Customer :

Well I left in blank and clicked on completing the process and it was not completed as I had not filled that in..

Customer :

Is there ANYTHING I CAN PUT IN for a non residential tax code?

MyVirtualCPA :

You could just put a series of numbers, but this is not legitimate. They used the promise of a large wire transfer to gain access to your bank account.

MyVirtualCPA :

You will need to contact your bank ASAP and let them know what happened so they can take measures to protect your bank account

Customer :

The way this process began was a person in Europe asked me to do a joint checking account with them and they were sharing substantial sums that they received in an inheritance. And I paid $300 and they paid $600 to open the account ... and then they transferred substantial money into the account which is in MY name ... and I was told I could tranfer the funds to my U.S. bank account IF I paid to have the COT fee ... which I did ... and they sent me that COT ... and the ONLY thing I cannot compete to arrange the funds transfer is their requiest for a non residential tax code. Should I just put in my social security number or part of it?

MyVirtualCPA :

I'm really sorry, but this is a scam. There's nothing you can do. You will not receive the wire transfers that are promised. You can surely put numbers in that code if you wish to try, but this is not legitimate.

MyVirtualCPA :

Is there anything else that I can assist you with today? If not, please rate my response "excellent" so that I can receive credit for assisting you today.

MyVirtualCPA :

This type of code is only given to employers and pension payers - they are never given to taxpayers.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.