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Showing content with the highest reputation on 02/02/2025 in all forums
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Plan Trust Tax ID vs Employer Tax ID, can they be the same?
acm_acm reacted to Larry Starr for a topic
I didn't see one single CORRECT answer. A retirement plan uses a trust to hold the assets. The trust is required to have it's own tax ID. PERIOD. Yes, of course you can ignore it and continue to hope that the IRS will never match income to tax IDs, but that doesn't change the answer. Ray, continue to do it the right way, regardless of what others have said.1 point
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