Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (21)	2/16/1998 6:58:00 PM
From: ROB	Read Replies (1) \| Respond to of 1383

I will quote to you verbatim the letter I received from IRS and another letter received by Gregory Karl, a calif. CPA. When I first had a trust set up I mistakenly applied for a emplyer ID number, I then wrote the IRS telling them that this was incorrect and that pure trust has no requirement for a EIN number. I then asked them to rescind this number. This was their response, "Thank you for the inquiry... Our records show you no longer have to file form 1041(trust form). This account has been deleted form our records". The Letter from Greg Karl CPA states: I have a number of pure trust clients and i have an urgent request. Please let me know the income tax requirements for a pure trust organization as well as the proper procedure for obtaining an IRS isssued EIN number for them. IRS response: We cannot process your appl. for a EIN number. A pure trust org. has no tax requirements, therefore an EIN is not required Charles F. Felthaus Cheif, Accounting Branch Rob