What is a Trust?

A trust is a three-way fiduciary relationship, in which
a first party (trustor) allows a third-party intermediary to hold assets on the behalf of another party (beneficiary). There are many types of trusts and different ways to specify how assets will be passed 
to beneficiaries. The most common form of trust 
is known as a marital or “A” trust, which transfers
the decedent’s assets to the surviving spouse.

Why Do You Need an EIN for a Trust?

Depending on your circumstances, you may have to apply for EIN for a trust. Reasons you may require an EIN for trust include:

01.

If there are income-producing taxable assets within the trust, it will need 
a trust identity number, which can either be the grantor’s Social Security number (SSN) or an EIN

02.

If you have a revocable trust, also known as a living trust, it will use 
a grantor’s Social Security number (SSN) up until the point of their death. It will then require an EIN for revocable trust after death

03.

If an irrevocable trust earns more than $600 income annually, the trustee must file a 1041 tax return with an EIN

01.

If there are income-producing taxable assets within the trust, it will need 
a trust identity number, which can either be the grantor’s Social Security number (SSN) or an EIN

02.

If you have a revocable trust, also known as a living trust, it will use 
a grantor’s Social Security number (SSN) up until the point of their death. It will then require an EIN for revocable trust after death

03.

If an irrevocable trust earns more than $600 income annually, the trustee must file a 1041 tax return with an EIN

Benefits of an Employer Identification Number for a Trust

Why should you get an employer identification number for your trust? Benefits for federal tax purposes include:
  • An EIN number allows you to maximize tax deductions
  • An EIN number makes it possible to pay your owed taxes

Why GOV+

With GOV+, getting your trust’s EIN for a trust is as easy as 1, 2, 3. Using our cloud-based technology and expert customer service team, we’ve perfected the process. Just fill out a single application form and we’ll manage the rest. We’re the experts you can trust!

Ultra-quick customer service

Get fast, accurate answers to all of your questions at every step. With average 30 second hold times and efficient conversations, you’ll be on your way in no time.

Real-time status updates

No more waiting and wondering about your form’s status. GOV+ offers instant updates and customizable alerts, from the moment of filing to final outcome.

Tailored Transactions

GOV+ technology eliminates needless busywork with forms and applications that adapt to you. Your situation is unique, and you deserve a simple, personalized experience.

Ultra-quick customer service

Get fast, accurate answers to all of your questions at every step. With average 30 second hold times and efficient conversations, you’ll be on your way in no time.

Real-time status updates

No more waiting and wondering about your form’s status. GOV+ offers instant updates and customizable alerts, from the moment of filing to final outcome.

Tailored Transactions

GOV+ technology eliminates needless busywork with forms and applications that adapt to you. Your situation is unique, and you deserve a simple, personalized experience.

Employer ID Number Made Easy

Get Your EIN for your Trust Today!

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