rbynaker
Level 14
02-17-2022
11:54 AM
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I don't think an EIN is absolutely necessary unless/until you have to start filing 5500 forms.
I started my Solo fairly late so I still have <$250K of assets and am still just using my business EIN. If/when I get over the $250 I will apply for an EIN and notify the broker accordingly.
I'm at the point of burn-out on this stuff that I just have to trust that my younger self knew what he was doing at the time. 🙂 I have a calendar reminder every year in January to check the account balance for 5500 filing.
Rick