QUESTION
When /if a revocable trust changes from a s.s.# to an EIN # does the type /method of tax change and is an EIN a higher rate than a S.S.#
Asked on Apr 14th, 2016 on Trusts and Estates - California
2 ANSWERS
3 Awards
Could you explain further, please? Has a revocable trust become irrevocable because of a death?
If not, I don't know why an EIN would be obtained for the trust. If the trust is irrevocable because of a death, then yes, the tax situation changes dramatically.
Answered on May 14th, 2016 at 9:58 PM
Estate Litigation Attorney serving Redlands, CA
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An EIN is for an entity and a SS# for an individual. TIN is probably more generic. It's just the identifying number of the taxpayer. It has nothing to do with tax rates.
Answered on Apr 14th, 2016 at 5:37 PM