Do I need separate tax ID numbers for a trust and estate?
September 13, 2006
Date: Sun, 09 Apr 2006
Do we need two separate tax identification numbers – one for the trust and another for the estate?
Date: Fri, 05 May 2006
Generally, a trust and an estate are required to have separate tax identification numbers.
There is an election to have a trust included on the income tax return with an estate, which would initially require only one identification number.
I recommend that you retain a tax consultant familiar with these rules to help you with income tax reporting for the trust and estate. (We provide this service.)
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