Posted By: SunnyFL, CRCM
Two Seperate LLCs & Same EIN - 01/18/11 04:33 PM
I have read several threads and articles on BOL about this situation - a particularly good one from John Burnett in June 2007. But I am still unsure how to title a deposit account involving two LLCs to properly report to the IRS (name and EIN match). Do you set them up as a DBA and if so, should you also require a ficticious name affidavit like you typically would when sharing a EIN? And what about an LLC and a corp. where they want to use the EIN of the corporation - is it still a disregarded entity? And in the case of a mtg loan relationship, can the LLC use the EIN of a corporation who is not a part of the loan? The customer is claiming they can use the others EIN because they are a disregarded entity - I say not so fast. What am I missing? (I appreciate your help with this multi-part question.)