How to Set Up a Tax ID Number for a Trust Account

A legal trust that is not a grantor trust is a separate entity that can incur its own tax liabilities. It is therefore required to have its own Federal Employer Identification Number, also known as an FEIN or EIN. The process is fairly simply and can be done online, through the mail, over the phone or via fax. IRS Form SS-4 is used to apply for an EIN. A grantor trust is one in which income flows through to the grantor's individual tax returns, and therefore no tax ID is required. An irrevocable trust, in which the grantor forsakes all ownership interest in the estate's assets, is an example of a trust that will require a separate EIN.

Instructions

1

Get the form. The application for a federal tax ID number can be downloaded directly from the IRS website (see Resources). This form can be faxed or mailed directly to the IRS, and the EIN will be mailed in a few weeks.

2

Have all necessary information on hand. Before applying for a EIN for a trust, certain information must be obtained. This includes the legal name of the trust, the trustee, the contact address of the trust and the types of business activity in which it will engage. The trustee, if an individual, will have to provide his Social Security number or, if a corporation, its own tax ID.

3

Compete the online application. Instead of filing a Form SS-4, an applicant can use the online application process. This is an interview-style approach, in which the applicant is led through a series of questions that elicit the information requested on an SS-4. No additional form is required.

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