Understanding the 98 Series EIN Number: Everything You Need to Know

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What is a 98 series EIN number?
EIN’S beginning with the number 98 may identify foreign entities that maintain domestic trusts in the United States. Methods to accurately identify domestic trusts maintained by foreign entities are being reviewed, as well as general information about the trust and any other domestic trusts you may maintain.
Read more on www.irs.gov

The Internal Revenue Service (IRS) issues an Employer Identification Number (EIN), a special nine-digit number, to distinguish businesses and other entities in the US. The 98 series EIN number is one particular sort of EIN that is frequently misunderstood and misread. We’ll examine what a 98 series EIN number is, how you get one, and other frequently asked questions concerning EINs in this article.

A 98 series EIN number: what is it?

A 98 series EIN number is a special identification number given by the IRS to organizations who are not obliged to file any federal tax returns but do not have any employees. This encompasses things like trusts, estates, and particular kinds of pension schemes. Because it is used only for tax administration and not for identification, the 98 series EIN number differs from conventional EINs. Does obtaining an EIN number cost anything?

No, it costs nothing at all to get an EIN number. By phone, mail, fax, or the IRS website, you can request an EIN. However, the IRS may charge a fee for quicker processing if you decide to apply by phone.

How do I obtain an EIN from the IRS? An EIN number application can be made online, by mail, fax, or phone. Visit the IRS website and complete the online application form to submit your application. If you’d rather submit your application by mail, you can download Form SS-4, fill it out, and ship it to the address provided on the form. If you decide to apply by fax, you can send the Form SS-4, fully filled out, to the relevant fax number shown on the form. Finally, by phoning the IRS Business and Specialty Tax Line at 800-829-4933, you can also submit an application over the phone.

Without a W2, how can I locate my employment ID number?

You can still get your EIN by calling the IRS even if you’ve forgotten or lost your W2. By calling 800-829-4933, you can reach the IRS Business and Specialty Tax Line and provide them your name, social security number, and mailing address. Your EIN number will subsequently be given to you by the IRS.

Is Form 147C available online?

The 147C form is not accessible online. Only by phoning the IRS Business and Specialty Tax Line at 800-829-4933 and requesting a copy of Form 147C can you acquire one. The EIN assigned to your company or corporation can be verified using Form 147C.

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