Publication 1635 - Understanding Your Employer Identification Numbers Page 9
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32• A trust may be created during an individual’s life or upon a death under a will.
• Includes guardianships, conservatorships, and Government National Mortgage
Association (GNMA) and Federal National Mortgage Association (FNMA) pools.
• A trust is created under State law.
• The trust is taxed under federal law in which one party holds assets for the benefit of
another. This includes guardianships, conservatorships, and GNMA and FNMA pools.
Form(s):
• 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 changes to an estate.
• A living or intervivos trust changes to a testamentary trust.
• A living trust terminates by distributing its property to a residual trust.
You do not need a new EIN if:
• The trustee changes.
• The grantor or beneficiary changes his or her name or address.
•
A bankrupt Partnership establishes an escrow account for settlement funds, or similar
funds to liquidate or distribute assets.
You need a separate EIN if:
• One person is the grantor/maker of many trusts. Separate trusts that are commingled
to administer assets must file separate returns and have separate EINs. For example, if
you have a trust for each of your grandchildren, each trust must have a separate EIN.
However, a single trust with several beneficiaries has only one EIN.
6.
Employee Plans
Definition:
• A permanent arrangement under which an employer provides benefits for employees.
• The employer/sponsor and/or the plan administrator file the applicable returns.
Sponsor:
The employer/sponsor may be one of the following entity types:
• An employer, when a single employer establishes or maintains an employee benefits
plan.
• An employee organization, when an employee organization establishes or maintains a
plan.
• An association, committee, joint board of trustees or similar group of representatives
who establish or maintain the plan.
Administrator:
• The administrator is the person or group of persons specifically designated as plan
administrator in the documents under which the plan operates.
• We issue an administrator EIN to a person, a group of persons, a business, or a
corporate entity. If the administering entity already has an EIN, use that number for
the administrator on all Form 5500 returns.
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Related forms
Application For Clinic/group/institution/location To File Claims Or To Change Employer Identification Number (ein) Form
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Form W-13 - Exstars Reporting Information Request For Employer Identification Number And Certification
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Parent category: Financial