{"id":3020,"date":"2019-03-29T04:54:47","date_gmt":"2019-03-29T09:54:47","guid":{"rendered":"https:\/\/cookco.us\/news\/?p=3020"},"modified":"2019-03-27T11:58:47","modified_gmt":"2019-03-27T16:58:47","slug":"irs-revises-ein-application-process","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/irs-revises-ein-application-process\/","title":{"rendered":"IRS Revises EIN Application Process"},"content":{"rendered":"\n

WASHINGTON \u2014 As part of its ongoing security review, the Internal Revenue\nService announced today that starting May 13 only individuals with tax\nidentification numbers may request an Employer Identification Number (EIN) as\nthe \u201cresponsible party\u201d on the application.<\/p>\n\n\n\n

An EIN is a nine-digit tax identification number assigned to sole\nproprietors, corporations, partnerships, estates, trusts, employee retirement\nplans and other entities for tax filing and reporting purposes.<\/p>\n\n\n\n

The change will prohibit entities from using their own EINs to obtain\nadditional EINs. The requirement will apply to both the paper Form SS-4<\/a>, Application for Employer Identification Number,\nand online EIN<\/a> application.<\/p>\n\n\n\n

Individuals named as responsible party must have either a Social Security\nnumber (SSN) or an individual taxpayer identification number (ITIN). By making\nthe announcement weeks in advance, entities and their representatives will have\ntime to identify the proper responsible official and comply with the new\npolicy.<\/p>\n\n\n\n

The Form SS-4 Instructions<\/a> provide a detailed explanation of\nwho should be the responsible party for various types of entities. Generally,\nthe responsible party is the person who ultimately owns or controls the entity\nor who exercises ultimate effective control over the entity. In cases where\nmore than one person meets that definition, the entity may decide which\nindividual should be the responsible party.<\/p>\n\n\n\n

Only governmental entities (federal, state, local and tribal) are exempt\nfrom the responsible party requirement as well as the military, including state\nnational guards.<\/p>\n\n\n\n

There is no change for tax professionals who may act as third-party\ndesignees for entities and complete the paper or online applications on behalf\nof clients.<\/p>\n\n\n\n

The new requirement will provide greater security to the EIN process by\nrequiring an individual to be the responsible party and improve transparency.\nIf there are changes to the responsible party, the entity can change the\nresponsible official designation by completing Form 8822-B<\/a>, Change of Address or Responsible Party. A Form\n8822-B must be filed within 60 days of a change.<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2014 As part of its ongoing security review, the Internal Revenue Service announced today that starting May 13 only individuals with tax identification numbers may request an Employer Identification Number (EIN) as the \u201cresponsible party\u201d on the application. An EIN is a nine-digit tax identification number assigned to sole proprietors, corporations, partnerships, estates, trusts, […]<\/p>\n","protected":false},"author":1,"featured_media":3022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2019-03-29T09:56:52Z","apple_news_api_id":"a7ecbc41-87a4-4427-baa0-b12b1afc44ff","apple_news_api_modified_at":"2019-03-29T09:56:53Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/Ap-y8QYekRCe6oLErGvxE_w","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/news-api.apple.com\/sections\/74d71b26-dfe2-3cf6-9b79-55911f8259f1"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-3020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/3020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=3020"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/3020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/3022"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=3020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=3020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=3020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}