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 Estate or Trust Employer Identification Number 2022

Massachusetts Schedule 2k 1 Instructions 2022-2025 Form

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hello I'm Susan Graham of senior edge legal why bother with a tax identification number for either a trust or an estate well when someone dies we need a new tax identification number to be attached to their assets before someone dies they use as a tax ID number their own social security number but once they're gone we can no longer use that tax ID number so after a person has died and we're administering their estate whether it's either through a will and a probate or with a revocable trust it's necessary to get a new tax identification number from the IRS and that's required because there could be income and other taxable events that occur associated with these the assets that belong to the decedent and that goes on usually for a couple of months and oftentimes more than a year before the assets are finally distributed out so in that time period it's necessary to have a new tax ID number so why do you bother with the tax ID numbe

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