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TAXMAN

IRS EIN#

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2 hours ago, TAXMAN said:

Found the problem. Code 101 indicated TP already had a number.

Just curious, was this a S.P., setting up a second business ?

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On 6/30/2020 at 10:10 AM, cbslee said:

Just curious, was this a S.P., setting up a second business ?

 

On 6/30/2020 at 10:10 AM, cbslee said:

Just curious, was this a S.P., setting up a second business ?

The point is that the IRS will not allow a S.P. to have more than one EIN. Second, If you have client who ceases to use an EIN they should notify the IRS to have the EIN deactivated

so that it can't be used by someone else for fraudulent purposes.

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11 hours ago, cbslee said:

 

The point is that the IRS will not allow a S.P. to have more than one EIN. Second, If you have client who ceases to use an EIN they should notify the IRS to have the EIN deactivated

so that it can't be used by someone else for fraudulent purposes.

That's why I like to file a 'final' return for trusts and estates who have an EIN even if they aren't required to file a return.

 

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