2007-07-30 06:46:05 · 5 answers · asked by christine 1 in Business & Finance ➔ Taxes ➔ United States
A TIN is the taxpayer identification number and is used in place of a social security number for a business. I don't believe it is necessary unless there is a payroll. The only reason someone would need yours is if they are paying you something that requires a 1099 to be issued at the end of the year. Maybe the government requires it if they are giving rent support.
2007-07-30 06:51:58 · answer #1 · answered by Barkley Hound 7 · 0⤊ 0⤋
A tenant that you are only renting to would not need a landlord's tax id number, whether a TIN or SSN.
If you are selling the property under a Contract for Deed or Installment Agreement, and the buyer is your tenant under the terms of the contract, you would furnish your SSN to the buyer so the buyer could take the necessary tax deductions.
Any lender holding a loan on your property would need your tax id number.
2007-07-30 14:30:28 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
A TIN is the same as a person's SSN# except it is for a business that has employees or for a business in which a sole proprietor chooses not to use their own SSN#.
That said, I cannot really see a reason why a person would need to know someone's TIN# unless they needed to establish a bank account or with the local, state, and federal taxing authorities. That's all I can think of.
2007-07-30 13:49:39 · answer #3 · answered by Concerned F 2 · 1⤊ 0⤋
For most people, their TIN is their social security number. And I really can't imagine why a tenant would need the landlord's number.
2007-07-30 13:51:19 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
You normally would not have any need for your landlord's TIN. Everyone has a TIN -- your SSN is your TIN.
2007-07-30 13:50:31 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 0⤋