Announcement

Collapse
No announcement yet.

Ein

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Ein

    Partnership switched to an S- Corp - lawyer told them they could keep the EIN they had for the partnership - I disagree but wanted to throw it out here to see if I am correct.

    Thanks.
    Tags: None
    #2
    It depends. It is just a Partnership? Or was it an LLC/Partnership that made the election to be taxed as a corporation?



    Partnerships ... You will be required to obtain a new EIN if any of the following statements are true ... You incorporate.


    Limited Liability Company (LLC) ... You will not be required to obtain a new EIN if any of the following statements are true ... An LLC that already has an EIN chooses to be taxed as a corporation or as an S corporation.

    Do you need a new EIN? | Internal Revenue Service
    https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein
    Generally, businesses need a new Employer Identification Number (EIN) when their ownership or structure has changed. Determine if you need a new EIN.

    Comment

      #3
      Not an LLC

      It is not an LLC therefore it will need the new EIN

      Thanks for confirming my thoughts

      Comment

        #4
        Similar to 11-5-13 post titled "Efile Efin Change of Structure" with many replies
        Always cite your source for support to defend your opinion

        Comment

          #5
          Lawyers should stick to lawyering
          Believe nothing you have not personally researched and verified.

          Comment

          Previous template Next

          Disclaimer

          Collapse

          This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

          Working...
          X