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 12, 2011 @18:57

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.

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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 by DE (MA) on May 17, 2016 @09:55	[ Reply ]

If the company is paying the LL, then yes, they have a need for it. There is a (slight) chance that the LL is subject to backup withholding, which the company would be on the hook for. There is also a (very real) possibility that the company is legally required to issue the LL a 1099, which means that the company would need the LL's legal entity type, legal name, and identifying number to either issue the 1099 or determine that one is not needed.

Re: My tenant is asking for a W9 - what does this mean - Landlord Forum thread 242863