Re: My tenant is asking for a W9 - what does this mean

Re: My tenant is asking for a W9 - what does this mean by Abdon on December 11, 2011 @23:50

It probably boils down to this: To the individual, as far as taxes are concerned this benefit looks like income and must be reported as such. To the company, paying this benefit looks like an expense and must be reported as such.

I can't think of any reason why you wouldn't want to give them what amounts as a 'receipt' for moneys paid. This is a once-a-year event; it is not even that much of a headache.

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Re: My tenant is asking for a W9 - what does this mean by Bryan (Ia) on December 12, 2011 @00:12	[ Reply ]

It requires giving information (your SSN) covered under the Privacy Act of 1974, to a company that has no legal need of it.

Re: My tenant is asking for a W9 - what does this mean by Abdon on December 12, 2011 @18:57	[ Reply ]

They do have a legal need for it. The privacy act of 1974 only applies to the collection, maintenance, use, and dissemination of personally identifiable information about individuals that is maintained in systems of records by federal agencies (thank you wikipedia). It doesn't apply to private entities. This is why every bloody company on the planet has their own convoluted privacy statement.

Re: My tenant is asking for a W9 - what does this mean by Bryan (Ia) on December 12, 2011 @19:22	[ Reply ]

Not if they have no contract with the LL. Thanks for the clarification on the Privacy Act, I was working for a federal agency when I became aware of it. I never actually read it before, but had been led to believe that effected everybody, not just government agencies. BTW, it affects all government agencies, not just federal (I just read it).

Re: My tenant is asking for a W9 - what does this mean

Re: My tenant is asking for a W9 - what does this mean by John (HI) on February 1, 2018 @19:03	[ Reply ]

As an individual, as opposed to a company, I have to provide my SSN on the W-9. I don't like giving out my SSN unless absolutely necessary.

Re: My tenant is asking for a W9 - what does this mean - Landlord Forum thread 242818