Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

8
Posts
0
Votes
James H.
  • Investor
  • Cortlandt Manor, NY
0
Votes |
8
Posts

SD401k - sub-Borrower EIN Application Problems?

James H.
  • Investor
  • Cortlandt Manor, NY
Posted

I wanted to ask in case someone else came across this. I setup an SD 401k (it is a trust setup through Sunwest Trust, as recommended by this forum), a 401k plan under an existing LLC with myself as the sole employee. Both the existing LLC and the SD401k have EINs.

Now I have setup another LLC with which I plan to purchase property, with the SD 401k as the sole member of the LLC. When I apply for a new EIN at the IRS website, with the EIN of the SD 401k as the existing business, I get an error.

I have faxed in an application - which should take no more than 4 business days to process and it has been 6 business days now. I'm just wondering if anyone else had a problem like this before?

Loading replies...