WASHINGTON -- Banks and thrifts may need to alter account-opening forms as a result of new Internal Revenue Service instructions designed to avoid customer confusion.

The IRS recently issued new instructions for banks and other companies on what information they may collect on forms used to gather customers' taxpayer identification numbers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.