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So that you can pay taxes for the estate. It allows the IRS and state entities to insure the proper taxes are collected. It also allows the executor to open bank accounts and keep them isolated from personal assets.
Wiki User
∙ 14y ago
Wiki User
∙ 10y agoIt allows one to open bank accounts and file taxes. These are a couple of the important things that have to be done.
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Need a federal tax number for your deceased mother?
Technically, your mother's estate need a tax id number. It is called an Employer Identification Number (EIN). The estate needs an EIN even if it isn't going to be an employer. You can apply online at the following link: http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
How do you open estate bank account?
When you set up a trust, you need to open an estate bank account for the money. You need to obtain an EIN number from the IRS. Warning - you dont need to pay for this service through other website providers.
Do I need a tax identification number for self employment?
Check this list from the IRS. If you can answer "yes" to any of them, you need an EIN. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Do-You-Need-an-EIN%3F
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How do you use an EIN number?
A EIN number is used as you would your social security number for tax purposes.
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To find the EIN for FCCJ College (Florida Community College of Jacksonville), you need to call the financial aid office. If you need this for filing taxes, the number should be listed on your tax papers you received from the school.
What is fccj college EIN?
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