In this case, the person you nominate to receive the interest would be taxed.
Investment dictionary. Academic. 2012.
Nominee Distribution — Interest income reported on IRS Form 1099 INT that a taxpayer designates as being the interest income of a different individual. A taxpayer may choose to make a nominee distribution if s/he jointly owns an account with someone who is not his/her… … Investment dictionary
nominee shareholder — The registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to… … Law dictionary
Nominee Dividend — A dividend that a person receives on behalf of someone else. If you pass the dividends on to another person, then you must file a Form 1099 DIV to get a dividend adjustment and thereby reduce your taxable dividend interest. In this case, the… … Investment dictionary
nominee shareholding — A shareholding held in the name of a bank, stockbroker, company, individual, etc., that is not the name of the beneficial owner of the shares. A shareholding may be in the name of nominees to facilitate dealing or to conceal the identity of the… … Accounting dictionary
nominee shareholding — A shareholding held in the name of a bank, stockbroker, company, individual, etc. , that is not the name of the beneficial owner of the shares. A shareholding may be in the name of nominees to facilitate dealing or to conceal the identity of the… … Big dictionary of business and management
Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… … Wikipedia
beneficial interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. beneficial interest … Law dictionary
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Hillary Rodham Clinton — 67th United … Wikipedia
Ralph Nader — Nader speaking at BYU s Alternate Commencement Personal details … Wikipedia
