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Yes, a tax ID number, also known as an Employer Identification Number (EIN), can be issued for a joint individual revocable trust if it has income that needs to be reported or if it has any employees. Generally, a revocable trust does not require an EIN while the grantors are alive and the trust assets are still under their control, as income is reported on their personal tax returns. However, once the trust becomes irrevocable or if certain conditions are met, obtaining an EIN becomes necessary. Always consult a tax professional or attorney for specific guidance related to your situation.
What else can I help you with?
Can you deposit a joint check into an individual account?
Yes, you can deposit a joint check into an individual account if you are one of the named payees on the check.
How can one avoid probate in Pennsylvania?
One can avoid probate in Pennsylvania by creating a revocable living trust, designating beneficiaries on accounts and assets, establishing joint ownership, and utilizing payable-on-death accounts and transfer-on-death deeds.
Can saving account be for a single individual or joint or company?
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
Who pays taxes on a joint account?
Both account holders are responsible for paying taxes on a joint account. Each person's share of the income generated from the account is reported on their individual tax returns.
Is it possible that 5 person open a joint account?
Theoretically speaking - Yes. Any number of people can have a joint account. But, practically speaking only 2 or 3 people hold a joint account together. The more the number of joint account holders, the more difficult it gets to handle the transactions in the account for both the customers and the bank.
What is the minimum subscription of a public joint stock company?
the smallest number of shares or securities that may be applied for in a new issue is known as minimum subscription.
Can you deposit a joint check into an individual account?
Yes, you can deposit a joint check into an individual account if you are one of the named payees on the check.
Did The joint-stock company in which individual men invested and profited in proportion to the number of shares purchased was the principal instrument of England's overseas expansion.?
True.
If you have a joint debt with another individual and only 1 individual files for bankruptcy will it appear on the other individual's credit report?
No, but the full amount of any joint debt will remain valid when included in an individual BK and the creditor can pursue collection from the non-filing debtor.
What are the conclusion about joint ventures?
increase in the number of cross joint ventures???
If you are a joint tenant with right to survivorship can a creditor come after your joint asset?
No. When a joint tenant dies their interest in the property dissolves and the surviving joint tenant owns the property. You should discuss the issue with an attorney who is familiar with the law in your state.
How can one avoid probate in Pennsylvania?
One can avoid probate in Pennsylvania by creating a revocable living trust, designating beneficiaries on accounts and assets, establishing joint ownership, and utilizing payable-on-death accounts and transfer-on-death deeds.
How good is joint life insurance, and how much is it?
Joint life insurance basically insures two people with one policy. Joint life insurance policies exercise more leniency, making it easier to get life insurance. Premiums are also usually lower than if you were to buy two separate policies.
If you have joint custody do you have a right to help choose who provides child care for your children?
If you have joint legal custody yes you do have the right to help choose who cares for your children. The parents should discuss the issue reasonably and try to agree.If you have joint legal custody yes you do have the right to help choose who cares for your children. The parents should discuss the issue reasonably and try to agree.If you have joint legal custody yes you do have the right to help choose who cares for your children. The parents should discuss the issue reasonably and try to agree.If you have joint legal custody yes you do have the right to help choose who cares for your children. The parents should discuss the issue reasonably and try to agree.
I want to make your target to be molded over farmers those who has land for irrigation?
It is for Irrigation that concerned, www.usfarmdata.com is in existence for past years which even produces rather details over Irrigation by its Advanced Search such as Number of Farms Owned Irrigated Vs Non-irrigated 1. Irrigated 2. Non-irrigated Apart from this under corporate farm Vs Family farm you can locate what type of property land it is. The types can be listed as # Individual # Joint Venture # Government # General Partnership # Trust-revocable # Trust-irrevocable It is under Narrow Search you can know about number of acres.
What happens if arthritis destroys cartilage in a joint?
Arthritis will render a joint painful and in bad shape if the cartilage is destroyed. The pain will be so severe that the person may have to avoid movement to not get the joint moving. There are medications and surgeries available to help mediate this issue.
What is account title?
It classifies what kind of account it is,like individual or joint etc.
