BobKamman
Level 15
11-03-2023
01:43 PM
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There is no such animal as an incorporated LLC. There are LLC's that have elected for federal tax purposes to be taxed as a corporation. If that is what you are asking about, you may be right that no new EIN is required. However, it looks like a loophole to make it more difficult for IRS to investigate responsible parties for 100% penalty cases. Doesn't it leave the initial member holding the bag?