Dear Pro's,
My client is selling a piece of land. The buyer is requesting a W9. Any reason why the buyer would do such a thing?
Thank you!
Keyad22 wrote:If the seller is not a US person, should the buyer ask for a W-8ben?
Keyad22 wrote:However, withholding is required on sales or transfers of California real property when the sales price exceeds $100,000 and does not qualify for an exemption. In California all transferees (buyers) are required to withhold 3 1/3% of the total sales price unless exempt by reasons listed by regulation.
Form 593 series.
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