Ein

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  • JT2307
    Senior Member
    • Jan 2009
    • 105
    #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
    • TaxGuyBill
      Senior Member
      • Oct 2013
      • 2321
      #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.

        Comment

        • JT2307
          Senior Member
          • Jan 2009
          • 105
          #3
          Not an LLC

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

          Thanks for confirming my thoughts

            Comment

            • TAXNJ
              Senior Member
              • Jan 2007
              • 2106
              #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

                • taxea
                  Senior Member
                  • Nov 2005
                  • 4292
                  #5
                  Lawyers should stick to lawyering
                  Believe nothing you have not personally researched and verified.

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