Aspiration Bank Coastal Aspiration Bank Would not give me their TIN for tax purposes.

 Next time keep your unsolicited "advice” to yourself or at least gather more info before foolishly responding. Ciao!

I think nothing more needs to be said than that.  Any bank that says they'll give you an INT for a promo credit that isn't interest, should be avoided.  It's now time to say Bye Felicia and go away.

 Several of my other banks have reported their promo credits on a 1099-INT form and some on a 1099-MISC. Either way, it’s reportable and I’m not taking any chances no matter how seemingly minuscule. Please, consumer, talk about that which you know. And the IRS helped resolve this just fine but thanks for the concern.

 As I’ve stated to other customer service representatives, I understand it’s not required to send a 1099 for the promo credit but that doesn’t mean I can’t make my own to cover my self. Other banks have given me their TIN to report promo credits but yours is the only one being unnecessarily difficult. Plus I have an email from your support rep saying otherwise yet the info they told me to look into is not there.

No one is liable to send a 1099 for a promotional credit of $25.  There are a couple of reasons.

1.  A promotional credit would be reported on a 1099-MISC, not an INT or a DIV simply because a promotional credit is neither interest nor a dividend.  In the case of a MISC, the IRS requires a 1099-MISC be filed when the payment amount exceeds $600.

2.  Most promotional credits are not considered taxable income to an individual...  however some banks are providing them depending on the value of the reward.  However, still not required.

There is nothing preventing you from reporting the credit as income.  The IRS only requires taxpayers to pay the least amount required under the law.  This means if you wish to pay more taxes and declare more income, you are most welcomed to....

Accordingly, the IRS will not do anything and you resigned for no reason.