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- 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?
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Ramlal
Level 1
11-09-2022
02:08 PM
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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
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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
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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
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Probably trust.
The more I know, the more I don't know.
