Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- When applying for EIN for self-directed IRA, do I select sole ownership and apply EIN using the Tax Payor's Name?
When applying for EIN for self-directed IRA, do I select sole ownership and apply EIN using the Tax Payor's Name?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Ramlal
Level 1
11-09-2022
02:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When applying for EIN for self-directed IRA, do I select sole ownership and apply EIN using the Tax Payor's Name?
I am told the TP has to file 990T.
3 Comments 3
sjrcpa
Level 15
11-09-2022
03:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The IRA Custodian/Trustee has to file. They already have an EIN.
Why aren't they preparing the 990-T?
The more I know, the more I don't know.
Ramlal
Level 1
11-09-2022
03:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have been preparing TP's taxes, and he wants me to prepare 990T for the IRA. In order to prepare 990T for the IRA, I need an EIN. I want to know whether to select a sole proprietorship or LLC when applying EIN.
sjrcpa
Level 15
11-09-2022
03:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Probably trust.
The more I know, the more I don't know.
