Saturday, July 18, 2015

How the Executor under the Will can obtain a tax ID number for the Estate. Also to be used by Administrator of Estate where there is no Will.

   How the Executor under the Will can obtain a tax ID number for the Estate. Also to be used by Administrator of Estate where there is no Will.
        The decedent and their estate are separate taxable entities.  You will need to obtain a tax ID number for the estate from the IRS. An estate’s tax ID number is called an “employer identification number,” or EIN, and comes in the format 12-345678X. You can apply online for this number. The ITS calls it the Employer Identification Number (EIN) even though there is no employer.

EIN
An Employer Identification Number (EIN) is also known as a federal tax identification number.  It is also used by the IRS for estates and trusts. The EIN number is needed by the bank to open an Estate Account.
         Have the death Certificate and surrogate papers in front of you when contacting the IRS.

You can apply for an EIN on-line, over the telephone, via fax or through the mail. See the instructions for Form SS-4 , Application for Employer I.D. Number, for further details. http://www.irs.gov/pub/irs-pdf/iss4.pdf

    
   To get an EIN over the IRS's toll-free telephone number, call (800) 829-4933.   See EIN Toll-Free Telephone Service for more information.
    
   To request an EIN via fax, 24 hours a day / 7 days a week, Taxpayers can fax the completed Form SS-4 (PDF) http://www.irs.gov/pub/irs-pdf/fss4.pdf
Then fax to Fax Attn: EIN Operation Cincinnati, OH 45999
Fax-TIN: 859-669-5760

To receive an EIN through the mail, complete Form SS-4 . http://www.irs.gov/pub/irs-pdf/fss4.pdf The instructions for the form provide the correct address.

Online
Go to

then check off Estate
An estate is a legal entity created as a result of a person's death.

Please tell us about the deceased person.
* Required fields
Must match IRS records or this application cannot be processed.
The only punctuation and special characters allowed are hyphen (-) and ampersand (&).

First name*


Middle name/initial


Last name*


Suffix (Jr, Sr, etc.)
            Select One
            DDS
            MD
            PHD
            JR
            SR
            I
            II
            III
            IV
            V
            VI
- -


Then follow the prompts


1 comment:

Ronyjoseph Joseph said...

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Living Will or Health Care Directive is important in the event of an accident or illness. You will be able to talk to medical staff and make decisions on your child’s behalf, if necessary.This information is very useful to us thank you.
Left Out Of A Will