(This is the address where we will send all your documents or refunds after closing)
NEED FOR TIN. The US tax laws require the preparation of several tax forms for filing with the Internal Revenue Service (“IRS”) after the completion of the referenced transaction. In order to facilitate the preparation of these IRS forms and avoid any delays towards a timely closing of this transaction, it is imperative that you provide us with your TIN. More specifically, Harvest Title & Escrow, will be required to report this sale to the IRS by filing the Form 1099. In addition, if the Seller is not a U.S. person and does not qualify for one of the exemption from the withholding tax under Section 1445 of the Internal Revenue Code (“IRC”), Buyer will be required to withhold 10% of the purchase price and remit this amount to the IRS with the Form 8288 and 828-A. These IRS forms require the TIN of each party to this transaction.
For Individuals. If you are an individual, your TIN will be your social security number. If you are not eligible for a social security number because you are not a U.S. resident or citizen, then your TIN is the “Individual Taxpayer Identification Number” or “ITIN” issued to you by the IRS.
For LLC, Corps and Estates. If you are an entity, then your TIN is your “Employer Identification Number” or “EIN” issued to the entity by the IRS.
For those individual without TIN or ITIN must contact the IRS to make appropriate arrangements to apply for one.