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Why does a beneficiary, estate or trust need to provide their Social Security Number or Federal Tax Identification Number?

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Why does a beneficiary, estate or trust need to provide their Social Security Number or Federal Tax Identification Number?

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The claim cannot be processed without this information. Interest is paid on most claims from the date of death until the date the claim is paid. The Social Security Number or Federal Tax Identification Number is required to report interest payments to the Internal Revenue Service.

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