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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (668)	2/27/1998 7:32:00 PM
From: Brendan W	Read Replies (3) \| Respond to of 5810

I followed up on applying to my broker as a sole proprietor with a new EIN. The "new accounts" person I talked to today blessed this. Contrary to what I was told before, she said it was not simply a matter of how the account was titled but also that no two margin accounts may have the same tax ID. This is based on a Federal Reserve requirement allowing only one margin account per firm/client. I downloaded the EIN application from the IRS ("SS-4") and I'll register it by phone Monday. Watt Trading Ltd. is born. Thanks for your help.