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Must a payment to an escrow company be reported?
September 28, 2021
Q. We are buying a domain and going through a broker (who is getting a percentage of sales). The contract is with the broker, however they are using a third-party escrow service (escrow.com) that will receive the payment. Do we need to get a W-9 from the escrow company and is it reportable?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state…
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