How can I obtain a Federal Tax ID Number (TIN or EIN) for a Trust?
Posted on Feb 7, 2014 2:05am PST
Applying for a federal Employer Identification Number (EIN) or
Tax Identification Number (TIN) is a
free service offered by the Internal Revenue Service. Beware of websites that charge for this free service.
In our law practice, certain types of Trusts, usually of the irrevocable sort, must operate using their own TIN. Decedent's estates will typically need to obtain a TIN to open estate bank accounts, sell property, file tax returns, etc.
The process is fairly simple. You can apply by fax or by mail (using IRS Form SS-4, here: http://www.irs.gov/pub/irs-pdf/fss4.pdf), but the simplest method is online.
Just navigate to the IRS website here (https://sa1.www4.irs.gov/modiein/individual/index.jsp) and complete the online questionnaire.
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Still have questions? We recommend you speak with your CPA or legal professional. Better yet, call us (818.707.8200) to discuss your case.
[For information only; may NOT be relied upon as legal advice.]