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Updated about 9 years ago,

User Stats

66
Posts
10
Votes
George Bittar
  • Investor
  • Parsippany, NJ
10
Votes |
66
Posts

New TIN# or Ammendment Needed?

George Bittar
  • Investor
  • Parsippany, NJ
Posted

Hello, we just closed on 12/30/15 on a new property and part of the structure was taking over the LLC that was created for the intent of assigning to the end buyer which was my partner and I.

We are getting push back from the bank on establishing an account because they see the previous member listed on the IRS document when the TIN # was established online. They are saying we may need a new TIN or amended paperwork from the IRS showing our names as members associated with the existing TIN.

Everybody is closed today because of the extended holiday weekend so I figured I check on here so I know how to proceed on Monday. 

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