BECU Tax Center

Tax Statements | Interest Summary | I Moved | My Statement is Incorrect | Access to Statements

Where can I find my current and past BECU tax statements?

Tax Statements

Current year tax statements are available in Online Banking on or after Jan. 31. After logging in to Online Banking, click View Tax Statements on the right side of the screen. You can also find previous year tax statements back to 2018. Tax statements in Online Banking can be printed for your records.

If you want a printed tax statement mailed to you (one that may or may not be found in Online Banking or you receive eStatements), call us at 800-233-2328 to request a statement. You can also request a printed copy at any BECU location.

Interest Earned Summary

If you are looking for your Interest Summary, log in to Online Banking and select the Accounts tab in the top menu and then choose Interest Summary. This page will display last calendar year's dividends or interest, as well as the current year's year-to-date dividends or interest.

View your tax forms

I moved and didn't update my address with BECU. Will I receive my paper statement in the mail?

If you are not enrolled in eStatements, we will send a paper tax statement to the mailing address associated with your account. The U.S. Postal Service will forward tax forms if a forward order is on file.

My tax statement is incorrect. How can I get a corrected statement?

If you think your tax statement is incorrect, please call 800-233-2328 or send a message in Online Banking or the mobile app to request a corrected statement.

Who has access to tax statements?

Consumers: Only the primary account holder, not joint account holders, can access electronic tax statements in Online Banking. For consumer accounts, only the primary account holder can request to enroll or unenroll in eStatements, which also includes tax statements.

Business: For business, club or trust accounts, any authorized signer for the business can enroll or unenroll in eStatements, which also includes tax statements. After one authorized signer has enrolled the business accounts in eStatements, other authorized signers will be able to access all available electronic monthly statements and tax statements.¹

Form 1098 – Loan Interest Paid | 1099 – Deposits Interest Earned

What's the difference between a 1098 and 1099 and what accounts or loans will I receive them for?

1098

Form 1098 is for reporting interest paid throughout the year, typically on mortgages, home equity, or education expenses.

The IRS requires that BECU issue a Form 1098 if interest aggregated for all applicable accounts is $600 or greater. If you did not pay $600 or more in interest on your HELOC or mortgage last year, you will not receive a 1098 form.

• Members who paid $600 or more in interest toward a HELOC will receive 1098 tax forms in Online Banking (if enrolled), or through U.S. mail.
• For BECU mortgages, 1098 tax forms will be sent by Cenlar through U.S. mail.
• BECU will not issue a 1098 form for interest paid on loans for auto, boat or RV, even if the vehicle is used as a primary residence.

Learn more about form 1098.

1099

Various 1099 forms are for reporting various types of income that can't be summarized as a traditional employment wage, including contractor work, freelance work, interest and dividends income, government payouts, retirement account withdrawals, and debt cancellation.

• Members will receive a Form 1099-INT if the aggregated interest for all applicable deposit accounts is $10 or more. We will issue one tax statement for all accounts that use the same Social Security number (SSN) or Tax Identification Number (TIN). The total interest for all accounts is reported in Box 1 on the form.
• As required by the IRS, Form 1099-INT will only one account number is displayed in the account number box on the form. For your reference, the interest received from each account during the year is listed at the bottom of the form.
• If you received more than $10 in IRA distributions (traditional, Roth, or SEP), you will receive a Form 1099-R. We will not issue a Form 1099-R when funds were transferred from one IRA account to another within the same IRA plan, or when funds are directly transferred from a BECU IRA to an IRA at another financial institution because these are considered non-reportable transactions.

Learn more about forms 1099.

Why did I receive a B Notice? | What steps should I take in responding to a First or Second B Notice?
TIN and name on the account are correct | Name on the account is incorrect | TIN on the account is incorrect
How do I get a replacement social security card? | How do I change or correct my name on my social security card?

Why did I receive a B Notice?

The IRS notified BECU that the taxpayer identification number (TIN) and/or name on your BECU account does not match IRS records.

More information on IRS B Notices can be found at IRS Backup withholding B program.

What steps should I take in responding to a First or Second B Notice?

1. Verify the legal name on your account is correct and matches what is on file with the Social Security Administration.
• You may have had a name change which was not updated with BECU or the Social Security Administration.
2. Verify that the tax identification number (TIN) on your account is correct.
• Your TIN may be a social security number (SSN), individual taxpayer identification number (ITIN), or an employer identification number (EIN).
• For assistance with verifying the TIN on your account, visit any BECU location or call 1-800-233-2328 to speak with a representative.

I followed steps 1 and 2 and my TIN and name on the account are correct. How do I respond to the B Notice?

First B Notice

• Fill out the Form W-9 you received with your B Notice letter then mail it back to us or drop it off at any BECU location.

Second B Notice

• If your TIN is an SSN, provide a copy of the front and back of your Social Security card.
• If your TIN is an ITIN, provide a copy IRS Letter 685C.
• If your TIN is an EIN, provide a copy IRS Letter 147C.

I followed steps 1 and 2 and my name on the account is incorrect. How do I respond to the B Notice?

Update your legal name with BECU.

1. Fill out the Form W-9 with the correct legal name.
2. Download and fill out the Update Personal Legal Name form.
3. Provide a copy of the front and back of your social card or ITIN letter that matches the correct name.
4. Mail the required items to BECU or visit any BECU location.

I followed steps 1 and 2 and my TIN on the account is incorrect. How do I respond to the B Notice?

Update your TIN with BECU.

1. Fill out the Form W-9 with the correct information.
2. Download and fill out the Update Personal Information form.
3. Provide a copy of the front and back of your social card or ITIN letter.
4. Mail the required items to BECU or visit any BECU location.

How do I get a replacement social security card?

You can request a replacement social security card online. To see if you are eligible, go to Social Security Administration Replace Social Security card and click on the Answer a few questions button.

You may also call the Social Security Administration for assistance at 1-800-772-1213 Monday through Friday, 8 a.m. to 7 p.m. or 1-800-325-0778 if you are hearing impaired.

How do I change or correct my name on my social security card?

Depending on your situation, you may be eligible to make the request online. To see if you are eligible, visit Social Security Administration Change name with Social Security and click on the Answer a few questions button.

You may also call the Social Security Administration for assistance at 1-800-772-1213 Monday through Friday, 8 a.m. to 7 p.m. or 1-800-325-0778 if you are hearing impaired.

BECU's Tax ID number: 91-0219435

BECU's Routing number: 325081403