topic EIN for 1099 in Investors & landlords

EIN for 1099

edsondt — Tue, 21 Jul 2020 16:26:35 GMT

I have a non-grantor Trust. The non-grantor Trust is the sole member of a Holding Company. The Holding Company is the sole member of an Operating Company. Both the Holding Company and the Operating Company are disregarded entities. A 1099 will be issued for work that will be done by the Operating Company. What EIN do I give for the 1099 (EIN of the Trust, Holding Company, or Operating Company)?

Re: EIN for 1099

Anonymous_ — Tue, 21 Jul 2020 16:43:20 GMT

@edsondt wrote:

What EIN do I give for the 1099 (EIN of the Trust, Holding Company, or Operating Company)?

If the Operating Company is receiving the revenue from the payer for the work done, provide the EIN that was issued to the Operating company.

Re: EIN for 1099

edsondt — Tue, 21 Jul 2020 16:48:03 GMT

Thank you for your reply. Would the IRS be able to match the 1099 if the issuer is using the EIN of the Operating Company, but the one filing for the taxes is the Trust (the Operating Company is a disregarded entity, so taxes flow to the Holding Company; the Holding Company is a disregarded entity, so taxes flow to the Trust)?

Re: EIN for 1099

Critter-3 — Wed, 22 Jul 2020 01:30:29 GMT

When you got EIN numbers for disregarded entities your SS# or the trust's EIN had to be listed as the responsible party so the IRS will look for the income on your personal return or the trust return.

Re: EIN for 1099

edsondt — Wed, 22 Jul 2020 15:30:13 GMT

IRS no longer allows the Responsible Party in the SS-4 to be another entity. IRS now requires the responsible party to be a person.