BG5150 Posted June 9, 2021 Share Posted June 9, 2021 I have a plan that hasn't had a distribution is a few years (since 2016). How can I find out if the Trust ID has been deactivated? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
ESOPMomma Posted June 9, 2021 Share Posted June 9, 2021 Per the IRS: The IRS cannot cancel your EIN. Once an EIN has been assigned to a business entity, it becomes the permanent Federal taxpayer identification number for that entity. Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity. The EIN will still belong to the business entity and can be used at a later date, should the need arise. You (well, actually the plan sponsor) can always call the IRS to inquire that the EIN is still active: (800) 829-4933. Bill Presson and Luke Bailey 2 Link to comment Share on other sites More sharing options...
Bird Posted June 10, 2021 Share Posted June 10, 2021 14 hours ago, ESOPMomma said: The IRS cannot cancel your EIN. But they can and will deactivate it. Calling that number is not as hopeless as you might think. If it has been deactivate, there is a procedure (basically faxing over a request to re-activate); see sample letter below. As a side note, if you are using EFAST, that system can and will essentially disable a TIN for its own purposes, and you might have to reinstall the software and start over and "add" it as if it were a new plan. No fun. EP Entity Control Unit Internal Revenue Service Via Fax: 801 620-6900 Re: xxx Inc. Profit Sharing Plan EIN: xx-xxxxxxx To whom it may concern: Our EIN for the above named retirement plan has been inactivated. Please re activate the EIN for our plan. The details are as follows: Name of Plan: xxx Inc. Profit Sharing Plan EIN: xx-xxxxxxx Address: xxxxx, Inc. xxxxx xxxxxxx Responsible person: (Trustee) Telephone number: xxx xxx-xxxx If anything further is needed please contact me, or our third party administrator: xxxxxxxxxxxxx Sincerely, (Trustee) Bill Presson 1 Ed Snyder Link to comment Share on other sites More sharing options...
BG5150 Posted June 10, 2021 Author Share Posted June 10, 2021 After an hour on hold (thank goodness for speaker phones!), the agent was able to tell us that the ID we had was in fact for an old, terminated Money Purchase Plan. It was inactive. But instead of the rigamarole of re-activating and re-titling it, we are just gonna get a brand new ID via online SS4. Bill Presson 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
WDIK Posted January 6, 2022 Share Posted January 6, 2022 I got my first call from a client about a deactivated trust identification number this morning. My days could be so dull were it not for the intervention of the IRS. Bill Presson and ESOPMomma 2 ...but then again, What Do I Know? Link to comment Share on other sites More sharing options...
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