Hey guys so I made a big mistake and I invested in stocks without knowing what I was doing. It was a mistake and I realize now that I shouldn’t have done it. I lost a couple hundred bucks and I don’t really care since I never had that much money in it but the bigger thing I’m worried about is the email that I just received from Robinhood. Here is the email:
“ You recently received correspondence from our clearing partner, Apex, regarding a B-Notice from the Internal Revenue Service. A B-Notice informs you that your Tax ID or other identification numbers don't match what the IRS has on file.
To prevent 24% IRS backup withholding, it's important that you take care to follow the directions detailed below before January 14th.
To satisfy the IRS requirement, you will need to complete a W-9 form. Within the next few days, you will receive the form via an email from dse@docusign with the subject line "Please DocuSign W-9 to Continue Using Robinhood". You can review the form, adopt a signature, and complete the signing process without having a DocuSign account. Simply click "Review Document" in the email, fill out all of the required fields, and sign the form.
Given the IRS deadline of January 14th, we strongly suggest you complete your form as soon as possible, as the IRS doesn't allow reversals or adjustments for late filing.
For additional information on B-Notices and backup withholding, please visit the IRS informational website. For a more detailed explanation of the situation, refer to the Apex correspondence.
Thank you for completing your W-9. Please reply to this email with any questions. “
I am a student and I am inexperienced with investing and never should have gotten involved with Robinhood. Can you guys help me understand this email and what it’s asking for.
Thank you all in advance
Submitted January 01, 2019 at 09:09AM by jcumm1 http://bit.ly/2R44rwY
