How to Obtain Tax ID Numbers Quickly

Key Points:

Procedures for obtaining Tax ID numbers for newly formed entities

A post to the ABA-PTL list expresses frustration with delays in obtaining tax identification numbers from the IRS at year-end for newly formed LLCs and partnerships. In the ensuing discussion, list participants discuss the available methods for obtaining identification numbers without undue delay.

When the entity's ID number cannot be obtained immediately, some participants suggest supplying the TIN of a partner or other principal as a temporary measure, so that initial transfers can be made prior to year-end. Another attorney reports success with the technique of writing "Applied for" in the TIN box pending the issuance of the number.

Although ID numbers can be obtained by phone from the IRS, one participant reports that a principal officer of the entity must make the telephone call. A conference call can help accomplish this, according to one practitioner. A Virginia attorney reports that under that state's law, the organizer of a corporation may appoint himself as president or chairman during the period of organization for this purpose.

For trusts and estates, participants report that a practitioner can block of TINs from the IRS and assign them to newly formed entities. A Florida attorney/CPA advises that the procedure for obtaining a TIN block is contained in Rev. Proc. 89-37.

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