Section 70 IRS Reporting Requirements for Attorneys (Form of Solicitation)

• Library: Farm Law 2006 Forms

If the attorney is, or might be, the reporting person, the attorney must "solicit" the transferor's tax identification number at or before the closing. Treas. Reg. § 1.6045-4(l). An IRS approved form of solicitation is as follows:

You are required by law to provide [insert name of reporting person] with your correct taxpayer identification number. If you do not provide [insert name of reporting person] with your correct taxpayer identification number, you may be subject to civil or criminal penalties...