What is an Estate of a Deceased Individual?

When a person dies, his or her assets ultimately transfer to any named beneficiaries. Before this can happen, however, the deceased’s money and property are treated as an “estate.” This legally formed entity is managed by an executor who oversees the collection and administration of all debts, liabilities, payments, and even taxes.

Only after settling the estate can the executor dole out the remaining balance of assets to beneficiaries.

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Why You Need an EIN Number for the Estate of a Deceased Individual

While alive, every American uses a Social Security number for all tax filings and governmental paperwork. After passing, however, that number is no longer valid. To file taxes and settle debts, the deceased’s estate must obtain a new Tax ID.

Also known as an Employer Identification Number (EIN), this ID allows the estate to perform many of the same functions as a legally formed corporation — including buying, selling and distributing assets throughout the probate process.

In addition, some estates even earn income after the deceased has passed. To report those earnings (on IRS Form 1041), the estate needs a designated Tax ID.

How to Apply for an Estate Tax ID Number

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Why Apply for an Estate Tax ID With GovDocFiling?

At GovDocFiling, our online estate Tax ID application is an intuitive, single-page form that takes only a few minutes to complete. It includes all the required fields contained on IRS Form SS-4, but every question is written in plain-speak to minimize confusion.

Speed and simplicity are not the only reasons estate planners and executors rely on our tax id filing services. Below are additional benefits of using our online EIN application form:

Before processing your application with the IRS, our tax experts carefully review your the ein application for accuracy. This helps to minimize errors that might delay the approval process, and by extension, the probate process.

We guarantee same-day delivery, with most estate EIN applications are processed and the estate tax id is sent via e-mail within an hour.  While some filing services charge $300-plus for rush delivery, our fast turnaround time won’t cost you extra.

Apply for an Estate Tax ID Number Today

Losing a loved one is a heartbreaking experience. With funerals, medical expenses and countless other tasks to manage, the last thing you want to deal with is confusing paperwork from the IRS.

Unfortunately, obtaining a Tax ID is a mandatory first step for all estates. While we cannot eliminate this requirement, we can make the process infinitely easier.

If you’re looking to obtain an EIN with minimal delays and zero hassles, our online estate Tax ID application can help.

To get started, click on the button below.

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