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 4 years ago,

User Stats

9
Posts
6
Votes
L Lee
  • Jacksonville, FL
6
Votes |
9
Posts

Obtaining SDIRA LLC EIN Number

L Lee
  • Jacksonville, FL
Posted

Hello everyone. 

I am trying to create an SDIRA LLC EIN number. I followed the instructions from the trust company to register the business. The trust company will not advise on the EIN number but refers me to my CPA/Accountant. I contacted them and they want $1200 bucks to register the SDIRA LLC for an EIN number. A cost I find ridiculous.

I went to IRS.Gov, clicked on apply for EIN number, then when it asks, "What type of legal structure is applying for the EIN," I chose, "View additional types, including tax exempt and governmental organizations." On the next screen, it lists the other types, and I chose "IRA." A few screens later, it asks for your qualifying ss number. I keyed in my number and followed the prompts. I entered my LLC business name but when the EIN issues, it stated my name, IRA.

I tried the other way where I chose LLC as the legal structure. I chose the number of members as 1 (the SDIRA) and the state. I chose "start a new business" but the next screen only allows for an owner/member. I can only be the manager per the trust company.

Can someone please advise how to correctly obtain the EIN number for a SDIRA LLC?

Thank you so much!! Lisa

Loading replies...