When an individual passes away, the executor of the deceased person’s estate is called an administrator. This person is responsible for managing the property as well as money of the deceased person. The money and property of the deceased are known as an estate and after the person passes away, their estate will move on to heirs or beneficiaries. If you are in charge of an estate, you will need to file income tax returns for the deceased whichrequires a federal tax ID. By filling out an Ss4 online, you have access to the number needed for tax purposes.
The quickest way to obtain an Estate EIN is to file online. At IRS-EIN-Tax-ID, the process is simple. An SS4 form is filled out, with information of the deceased individual and then the form submitted. After a short period of time, a nine-digit number is provided by the IRS that is specific to the estate.
The benefit to filing online is that the process takes just a few minutes. If you are new to the role of administrator for an estate, you may have no idea what type of paperwork to fill out or understand the terms used in the filing. At IRS-EIN, there are staff members available to assist you in filling out the SS4 paperwork. Any questions or concerns you have can be handled by the support team.
Once the EIN has been obtained, taxes can be reported and paid as needed. The online process makes it easy to obtain the tax ID, putting less stress on you as you begin to look over your job as an administrator.
The process of filing for an Estate EIN does not have to be complicated. Simply visit the IRS-EIN-Tax-ID site and get started. Look of the Estate tab and you will begin the process of filling out an SS4 form.