Sole Proprietors
The title of the authorized individual(s) to receive information for a sole proprietorship.
What is the owner?
LLC is an acronym for this.
What is Limited Liability Company?
A legal entity incorporated under state law is known as this.
What is a corporation?
An entity created when two or more persons or entities join to conduct a trade or business.
What is a partnership?
The income tax form filed by trusts and estates.
What is the Form 1041?
The number of sole proprietorship EINs an individual can have.
What is one?
A multiple member LLC defaults to this entity type.
What is a partnership?
The income tax form series filed by corporations.
What is the Form 1120?
The income tax form filed by partnerships.
What is the Form 1065?
The title of the authorized individual(s) to receive information for an estate.
What is the executor/executrix, administrator, or trustee?
A sole proprietor's legal business name is this.
What is the individual's name?
A single-member LLC defaults to this entity type.
What is a disregarded entity/sole proprietorship?
The title of the authorized individual(s) to receive information for a corporation.
What is president/CEO or any officer authorized to legally bind the corporation.
The title of the authorized individual(s) to receive information for a partnership.
What is a partner?
The title of the authorized individual(s) to receive information for a trust?
What is the trustee, personal representative, or grantor?
A sole proprietorship can operate under a business name that is not their legal business name. The name they operate under is known as this.
What is a DBA (doing business as) name?
The title of the authorized individual(s) to receive information for an LLC.
What is sole member, owner, member, partner, or corporate officer, depending on how they are taxed?
This action should be taken if a phone call is received regarding a corporation's income tax form.
What is a call transfer?
When the caller mentions they're a partner for a partnership, what follow-up question should you ask the partner?
What is "Have you always been a partner in the business?" or "Were you a partner in the business during the timeframe for which you need information?"
The action that should be taken if an individual indicates they are authorized but their name is not the one shown in our system.
What is ask the taxpayer to provide documentation showing they are the authorized individual?
Sole Proprietors report the business income on this form.
What is the Form 1040?
A single-member or multi-member LLC can file the Form 8832 or Form 2553 to elect to be taxed as this entity type, instead of their default classification.
What is a corporation?
This entity type, while not a corporation under state law, can elect to be taxed as a corporation for federal purposes.
What is a single or multi-member LLC?
The number of partners a partnership can have.
What is unlimited?
Trusts and Estates can be identified by one of these two numbers in the third digit of the EIN.
What is a 6 or 7?