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    #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.

    When to get 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.

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      #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.

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