Why does the Housing Authority require a tax identification or social security number in order to issue section 8 payments?
This is an Internal Revenue Service (IRS) requirement for any person or entity that received rent payments in excess of $600.00 per year. It is critical that the tax identification number that is provided match the name of the owner of the property. The IRS has advised us that if the name and tax identification number do not match, the Housing Authority may be required to withhold 30% of the check amount to insure proper payment of taxes.
Related Questions
- Why does the Housing Authority require a tax identification or social security number in order to issue section 8 payments?
- I do not have a Social Security number or a U.S. tax payer identification, am I affected by BNY Mellons second notification?
- What if I do not have the Federal ID or Social Security Number (Tax Identification Number--TIN)?
