Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If the seller’s tax ID number is not provided on Form 593-C, what does the escrow officer do?

April 26, 2017escrow form Id officer provided seller tax

0

Posted

If the seller’s tax ID number is not provided on Form 593-C, what does the escrow officer do?

1 Answer

0

Posted

If the seller does not have or does not provide a tax ID number on Forms 593, 593-C, or 593-E then: • The seller does not qualify for an exemption. • Any certification of an exemption is void, and the escrow officer should withhold 3 1/3 percent of the total sales price.