Detailed Answer
An Employer Identification Number (EIN) is a federal tax ID issued by the IRS. Executors need an EIN to open an estate bank account, file the estates income tax returns, and manage financial affairs after a decedents death. Connecticut probate law requires an executor to secure Letters Testamentary before acting on behalf of the estate.
1. Obtain Letters Testamentary: File a probate petition in the Connecticut Probate Court for the district where the decedent lived. Under Conn. Gen. Stat. § 45a-133 (https://www.cga.ct.gov/current/pub/chap_815i.htm#Sec45a-133), you petition for probate. Once approved, the court issues Letters Testamentary under Conn. Gen. Stat. § 45a-135 (https://www.cga.ct.gov/current/pub/chap_815i.htm#Sec45a-135).
2. Gather required information: Youll need the decedents full name, Social Security number (if available), date of death, estate mailing address in Connecticut, your name as executor, and your Social Security number.
3. Complete IRS Form SS-4: Download Form SS-4 and instructions at https://www.irs.gov/pub/irs-pdf/fss4.pdf or apply online. On line 8a, enter the decedents name; on line 8b, enter Estate of [Decedent] . On line 9a, select Other and specify Probate Estate.
4. Submit the application:
- Online (recommended): Visit https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online and follow prompts. You receive an EIN immediately.
- Fax: Fax the completed SS-4 to the IRS at the number listed in the SS-4 instructions. You usually receive your EIN within four business days.
- Mail: Mail the SS-4 to the IRS address on the instruction sheet. Processing can take four to six weeks.
5. Record the EIN: Once issued, use the EIN to open an estate bank account and file any necessary federal or state returns. Maintain records of all financial transactions under this EIN.
Disclaimer: This article is for educational purposes and is not legal advice. Consult a qualified attorney to address your specific situation.
Helpful Hints
- Check probate deadlines: Connecticut law may set timeframes for filing the estate tax return.
- Keep copies: Retain copies of your application, correspondence, and court documents.
- Use a separate account: Always use the estates EIN when managing estate funds to avoid commingling assets.
- IRS assistance: The IRS has a dedicated EIN hotline for international or complex cases.
- Consult professionals: Consider working with a probate attorney or accountant to ensure compliance.