Easement Purchase and Payee Refuses to Provide Full TIN: What do we do?
Question
We are purchasing an Easement from an individual who is refusing to provide more than the last 4 digits of their social security number. Since this is a real estate transaction, all amounts are reportable. I am not quite sure what to do in this situation.
1. Withhold a percentage of the payment?
2. Obtain an explanation in writing?
3. Accept the incomplete number and request another W-9 when a B Notice is sent?
Combination of the above?
Answer