Publication 1635 - Understanding Your Employer Identification Numbers Page 8
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32• The partnership is terminated
(no part of any business, financial operation, or venture
of the partnership continues to be carried on by any of its partners in a
partnership)
and a new partnership is begun.
You do not need a new EIN if:
•
50 percent or more of the ownership of the partnership (measured by interests in
capital and profits) changes hand within a twelve-month period (terminated
partnerships
under Reg. 301.6109-1).
• A partnership declares bankruptcy.
• The partnership name changes.
• You change the location of the partnership or add locations.
•
A new partnership that is formed as a result of the termination of a partnership under
section 708(b)(1)(B) will retain the employer identification number of the terminated
partnership.
4.
Estate
Definition:
• An estate is created upon the death of an individual.
• A decedent’s estate is a separate legal entity for federal tax purposes.
• An estate consists of real and/or personal property of the deceased person.
Form(s):
• Estates file either Form 706, United States Estate (and Generation-Skipping Transfer)
Tax Return; or
• Form 1041, U.S. Fiduciary Return of Income, plus other returns that apply (such as
employment tax returns).
You will need a new EIN if:
• A trust is created with estate funds. Such a trust is not simply a continuation of the
estate.
• An estate is created as a direct result of a person’s death.
• You represent an estate that operates a business after the owner’s death.
You do not need a new EIN if:
•
The administrator, personal representative, or executor changes a name or address.
• The beneficiaries or the executor of an estate changes.
5.
Trust
Definition:
• A trust (except for a grantor type trust) is a separate legal entity for federal tax
purposes.
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Related forms
Application For Clinic/group/institution/location To File Claims Or To Change Employer Identification Number (ein) Form
Business
Form W-13 - Exstars Reporting Information Request For Employer Identification Number And Certification
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Parent category: Financial