Detailed Answer
What Is an EIN for an Estate?
An Employer Identification Number (EIN) is a unique nine-digit number that the Internal Revenue Service (IRS) issues to estates and trusts for tax reporting. It acts like a Social Security Number for the estate’s financial activity.
Executor’s Role Under Mississippi Law
Before you apply, the chancery court must officially appoint you as the executor (personal representative). Under Miss. Code Ann. § 91-7-39, the court selects a personal representative according to statutory priority. After qualifying and posting any required bond, the court issues Letters of Testamentary under Miss. Code Ann. § 91-7-47. You need these Letters to prove your authority to transact business for the estate.
Step-by-Step Process to Obtain an EIN
- Gather Documents. Secure certified Letters of Testamentary from the chancery court.
- Complete IRS Form SS-4. Provide the estate’s legal name, date of death, and mailing address. Enter your name and title (executor) in the “Executor, administrator, or trustee” line.
- Apply Online. Visit the IRS EIN application portal at Apply for an EIN Online. You receive the EIN instantly.
- Fax or Mail. Alternatively, fax the completed SS-4 to the IRS at 855-215-1627, or mail it to Internal Revenue Service, Attn: EIN Operation, Cincinnati, OH 45999.
- Record the EIN. Update the estate’s bank accounts, tax filings, and other financial documents with the new EIN.
Helpful Hints
- Apply online during the IRS’s business hours (ET) for instant issuance.
- Keep certified copies of Letters of Testamentary to prove authority.
- Use the exact legal name of the decedent’s estate on Form SS-4.
- Expect no fee from the IRS to obtain an EIN.
- Contact the Mississippi Department of Revenue if you need a state tax ID: dor.ms.gov.
Disclaimer: This article provides general information under Mississippi law. It does not constitute legal advice. Consult an attorney for guidance on your specific situation.