Just-Lisa-Now-
Level 15
02-03-2024
10:49 AM
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Someone in a Facebook group found this for me, not sure where, but really helpful! Looks like they DO send an updated letter, fingers crossed this info is still current.
Answer from CPA Pilot In the case of a typographical error on an EIN application for an irrevocable trust, the process to correct the mistake is indeed similar to that for businesses. You should write to the IRS at the address where you filed the EIN application. In your letter, explain the error and provide the correct information. Include the EIN number, the name and address of the trust as it was originally provided on the SS-4 form, and the corrected name of the trust. It’s also advisable to include a copy of the EIN assignment notice if available.
Once the IRS processes the correction, they will send an updated EIN confirmation letter, which can be used to open a bank account and for other official purposes. It’s important to ensure that all trust documents reflect the correct name to avoid any future discrepancies.
For more detailed instructions, you can refer to the IRS’s guidelines on how to correct EIN information:
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
