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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4093
Experience:  35 years tax experience, including four years at a Big 4 firm.
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I have a client that set up a NY corp in Jan of 2015. He

Customer Question

I have a client that set up a NY corp in Jan of 2015. He didnt obtan a fed EIN. The entity only had activity for 1 month before ceasing. What returns do I file? Kindly advise

Submitted: 8 months ago.
Category: Tax
Expert:  PDtax replied 8 months ago.

Hi from Just Answer. I'm PDtax. I'll assist.

You might file the 1120S, and use "APPLIED FOR" as the EIN. File the CT-3-S as well.

Or, you could file the operations under the taxpayer's social on a schedule C, and just dissolve the corporation.

I say that because you likely could not open a bank account without the EIN.

Thanks for asking at Just Answer. Positive feedback is appreciated. I'm PDtax.

Customer: replied 8 months ago.

Since the company is opened and closed in the same year.

Does the client still need to go back and obtain a number

or will applied for suffice

Expert:  PDtax replied 8 months ago.

"applied for" will suffice.

PDtax

Customer: replied 8 months ago.

Even though no number will be obtained?

Expert:  PDtax replied 8 months ago.

Yes. Even though no number will be obtained.

It will allow IRS and NY to assign a temporary number if they choose to. You will be marking the returns "FINAL".

PDtax

Customer: replied 8 months ago.

Yes thanks much

Expert:  PDtax replied 8 months ago.

Please rate my assistance using the star rating scale to close out the question.

PDtax

Customer: replied 8 months ago.

is there any way i can Efile a return like this one

without getting rejected beacuse the EIN is not good

Expert:  PDtax replied 8 months ago.

no. file on paper.

Expert:  PDtax replied 8 months ago.

IRS and NY might assign temporary EIN to process the filed returns.