LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

If you’re diving into the world of taxes, starting a business, or filling out financial paperwork, you’ve likely come across the terms EIN and TIN. While they may sound similar, these two tax ...

An employer identification number (EIN) is issued by the Internal Revenue Service (IRS) to identify a business for tax administration purposes. It’s also used to complete some core business tasks, ...

An EIN is a federal tax ID number for an entity, estate, trust, or other organization. For example, the following are generally required to obtain an EIN: partnerships, limited liability companies ...

Applying for an Employer Identification Number (EIN) through the IRS's online system can sometimes lead to unexpected challenges. While the IRS does not explicitly list reasons for rejection, certain ...