The Internal Revenue Service, citing security issues, intends to “step up” awareness efforts toward businesses, partnerships, trusts and estates, charities and other entities that hold Employer Identification Numbers.
In particular, the IRS wants those entities to update their applications if there has been a change in the responsible party or contact information. This data, the IRS said, is often outdated or wrong and can delay the reporting of ID theft.
IRS regulations require EIN holders to update this information within 60 days of any change, using a
Starting in August, the IRS will send letters to some 100,000 EIN holders with information the agency thinks is outdated.
All EIN applications must have the name and Taxpayer Identification Number of the true principal officer, general partner, grantor, owner or trustor.
Entities with unused EINs should close their accounts at the
