I have to have 3 unique bank accounts with different names for my business, which requires 3 different EIN/Tax ID numbers. How will that affect my business filing?

[adrianfrankfurte]

My business is real estate - so I have an EIN for my business income/expenses but also require 2 additional bank accounts (trust accounts) that will handle monies. These are no income sources for my business, but rather to simply facilitate funds between two other parties. However, my bank requires I have an tax ID number for each account. How does that work with tax filing?

[KrisD15]

Requirements for escrow accounts for Security Deposits vary by state. Usually they are sub accounts to the one rental business. 

In which state are the rentals located? 

Does the state require the separate EIN for the security deposit accounts or is that just to open a new business account with the bank? 

If the latter, I suggest you simply open sub accounts for the other monies. 

If you have EIN for the other accounts, you would need to file for the businesses you attached to those EIN's. 

You would be following the rule of not co-mingling, however technically the Security Deposits are being help by a different entity. That might not be allowed.  

[adrianfrankfurte]

Hi, the business is in SC. I would have them open as sub accounts, which would make things simpler, however, the state requires that each trust account have a unique title name - requiring me to open a new account. The bank would not let me alter the name of a sub account. As a result, I have to have 3 total separate accounts.

[ToddL99]

Having three bank accounts with different EINs doesn't  necessarily complicate your business tax return - just report the interest income (if any) from each account.  

You aren't required to report "bank accounts" on a tax return (except foreign ones),  just interest income from the banks.

EINs are there so the bank can report the payment of interest  on account balances. If sufficient interest is paid on an account (usually > $10), the bank will send a 1099-INT listing the recipient's EIN. You can report as many 1099-INTs as necessary on your personal (or business) return - as long as the accounts are owned by you (or your business).