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    #1

    rental business

    Client is MN resident and is setting up electrical rental business in Wisconsin (large generator cost $15,000). Client has cabin in Wisc where generator will be stored. He answered my question; cabin has electric and gas. Plans to hire electrician in Wisc to set up generator at rented site. Wants to incorporate to prevent liability issue. (I did not recommend this). Plans to obtain Wisconsin tax ID. He wants a MN tax ID too. Can anyone see why a MN tax ID is necessary? Any thoughts on this entire issue?
    Thank you.
    Larry
    Tags: None
    #2
    Ein

    He would only need to have ONE EIN and it should be in the State in which he is incorporated. There would only be one business and hence one EIN.

    Comment

      #3
      He needs only one Federal EIN, but each state in which he has property physically located in may require an additional state tax registration for sales tax, property tax, or other state tax issues:

      Wisconsin Form Filing
      https://ww2.revenue.wi.gov/GenericFile/application?interview=1232807

      http://www.revenue.wi.gov/forms/sales/btr-114.pdf


      ShieldSquare Captcha
      http://taxes.state.mn.us/scorp/pages/other_supporting_content_nexus.aspx

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      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.

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