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Disregarded entities using the same TIN
January 24, 2024
Q. Our company has several disregarded entities under us that use our TIN#. Would we be penalized by the IRS if we have in the description one of our disregarded entites in our efile, even if it has our other entity's data, as long as they all have our TIN#?
A.
(Answered by IOFM's third-party tax experts)
We can't predict whether a penalty might eventually be proposed. The IRS system identifies a taxpayer by a combination of the Name and the EIN. Your company's DBA operations are not…
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