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They are trying to deduct the payments to your LL as if the LL was a independent contractor for a business. This way they can deduct ALL the rent as a business expense. I would tell them NO because you are not a subcontractor. They aren't hiring you to conduct business or perform work on their behalf.
Also make sure that the lease is in their names not the business or corporations name. Occupants name ONLY. There is no reason for a tenant to have that type of info.
Form W-9
If you’ve made the determination that the person you’re paying is an independent contractor, the first step is to have the contractor complete Form W-9 (PDF), Request for Taxpayer Identification Number and Certification. This form can be used to request the correct name and Taxpayer Identification Number, or TIN, of the worker. A TIN may be either a Social Security Number (SSN), or an Employer Identification Number (EIN). The W-9 (PDF) should be kept in your files for four years for future reference in case of any questions from the worker or the IRS.
The W-9 form includes highly sensitive information and I can't imagine why a tenant would require one of a landlord. It's something I've never heard of. Have you asked the tenant exactly why it's needed?
My cousin had a landlord request her, as a tenant, complete the W-9. I suggested she push back and ask why. LL couldn't produce a valid reason beyond "someone told me I was supposed to", so the issue was dropped. LoL
My cousin had a landlord request her, as a tenant, complete the W-9. I suggested she push back and ask why. LL couldn't produce a valid reason beyond "someone told me I was supposed to", so the issue was dropped. LoL
There is no reason either a tenant or LL needs to fill such form out. Sometimes I seriously shake my head at some of the demands I read about
You need a W-9? Well, you need to be looking for a new landlord.
Sorry to say, you aren't getting my Social Security Number or any sensitive information. No, it's not a double standard. Your information is to verify your identity and history. It is also stored securely. A W-9 with my info in your junk drawer is anything but secure.
Guys, this is not true. Any time the renter is claiming a portion of the house as a home office for business or anything like that, it means they paid the landlord money. This needs to be claimed to the IRS. If they don't have a home office or business, then there is no need. Otherwise, it just looks like the landlord is trying to escape actually claiming everything that he/she made in income from the "business" (aka tenant). However, if you are an incorporated entity rather than just a single person with a house you are renting, then they are transacting business with you as two companies and this is not needed. The only time they need a W-9 is for them to give you a 1099. (Note the first box on the 1099 is actually for landlords and rent.) Don't give them the W-9 unless you are sure they will give you a 1099.
But the landlords didn't rent a business office, they rented a home. They are under NO obligation to fill out a form about a business expense FOR THE RENTER. They have their own obligations to the IRS about business expenses.
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