EIN APPLICATION SERVICE FOR OTHER ENTITIES

An employer plan is an arrangement that a business sets in place to provide benefits for its employees.  Examples of employer plans include: 401K, retirement plan, defined benefit plan, profit sharing plan, ESOP, money purchase plan, retirement plan, SEP and SIMPLE.

A farmers' cooperative is an organization consisting of farmers and fruit growers who collaborate to market its own members' products.  The net income from selling the products is returned back to its members after deducting any marketing expenses incurred.  The association also may purchase supplies and equipment on behalf of its members.  The equipment and supplies are sold to the members at cost plus related expenses incurred.

A federal or military government entity is an organization that is part of the federal government system or part of the military.  Federal government systems include defence, interior, treasury, etc.  Examples of military agencies include men's clubs, NCO clubs, officers' clubs, etc.

An Indian tribal government is an independent government system for federal tax purposes.  The Indian tribal government is taxed similarly to a state or local government.  To be classified as an Indian tribal government, the tribe must be one of the 500 or more federally recognized tribes in the United States as outlined in Revenue Procedure 2002-64.  The Indian tribal government generally does not pay any federal income taxes.  However, excise taxes and employment taxes are still remitted to the US government.

A state government entity is any part of the state government involved in creating and enforcing state laws, imposing state taxes, maintaining the police force, maintaining the state's educational system, running the state's transportation system, etc.  A local government entity is a subdivision of the state government, such as a county, a city, a town, a village, etc.  It can also be defined as a regional authority like the conversation system or transportation system, as well as a special district like a fire district, a school district, or a water system district.

A homeowners or condo association is an association comprising of residents living within a residential development.  The association maintains the common grounds of the development for its residents.  The residents can elect volunteer homeowners to serve as the board of directors for the homeowners/condo association in making the decisions on how the grounds are maintained and how the funds of the association are managed and spent.

A household employer is an individual who hires another to perform domestic duties around and inside their place of residence.  The person hired is considered an employee who works under the employer's direction, uses the employer's provided equipment during specified work hours.  The household employer must provide the domestic employee with a Form W-2.  It is the employer's responsibility to remit Social Security and Medicare taxes for the employee to the government, as well as report these items on their own individual income tax return.  Examples of domestic employees include: babysitters, caretakers, drivers, landscape workers, housekeepers, maids, nannies, private home care workers, etc.

An individual retirement arrangement, also known as an IRA, is a personal savings plan.  It allows the individual to set aside money for their retirement.  The money saved can be invested in a variety of savings vehicles including annuities, bank accounts, bonds, certificates of deposit, government bonds, investment trusts, mutual funds, stocks, etc.  The contributions are tax-deductible depending on the individual's yearly income and their marital status.  The individual must file Form 990-T (Exempt Organization Business Income Tax Return) or Form 1041 (U.S. Income Tax Return for Estates and Trusts).

A joint venture is a partnership between two or more businesses who join forces to share the risk and resources on a business project(s).  The businesses involved in the joint venture cannot be corporations or limited liability companies.

A memorial fund is a fund created when an individual passes away.  Donations to the memorial fund are usually used to help the deceased's family pay for funeral and/or burial expenses.  The donations may also be forwarded to a charity.  A scholarship fund is a fund set up to award a deserving student with a scholarship for their education.  The scholarship fund is usually created in memory of an individual who has passed away.

The National Guard is a group of volunteers who are part of the military and dedicate their time to serving their country.  The state governor can summon the National Guard volunteers in their state during times of civil disorder or natural disaster. Through a congressional and presidential order, the National Guard can also be summoned to serve in the United States army.

A plan administrator is an individual assigned to manage an employer plan.  The duties of a plan administrator usually involve some type of accounting, bookkeeping, record keeping as well as trustee duties.

A political organization is a Section 501(c) organization set up to accept contributions and make expenditures for the purpose of influencing the selection, nomination, election or appointment of any individual to any public office.

A parent-teacher association, also known as a PTA, speaks on behalf of the school with the local and federal government about school and student issues.  A parent-teacher organization, also known as a PTO, focuses its efforts on activities within the school such as fundraising for student events.  A school organization is an organization created by each individual school for its students.  Examples of school organizations include marching bands, cheerleading squads, yearbook clubs, prom planning committees, etc.

A real estate mortgage investment conduit, also known as a REMIC, is a type of collateralized mortgage obligation (CMO).  A REMIC holds commercial and residential mortgages in trust and issues securities representing an undivided interest in these mortgages which are secured by stakes in real property.  It issues various levels of interest (regular and residual) to its investors.

A real estate investment trust, also known as a REIT, is an unincorporated trust managed by a trustee.  A REIT owns and operates a portfolio of income-producing real estate.  A REIT can own various types of commercial real estate, including offices, apartments, warehouses, hospitals, shopping centers, and hotels. The REIT controls the real estate acquisitions and investments for a group of real estate investors.  REITs are generally publicly traded on major stock exchanges but they can also be non-listed, or private.  The two main types of REITs are equity REITs and mortgage REITs.

A regulated investment conduit, also known as a RIC, is a US domestic corporation that is registered throughout the taxation year as a management company or unit investment trust under the Investment Company Act of 1940.  It is elected to be treated as a business development company under the Investment Company Act.  It can also be a common trust fund that is neither an investment company under the Investment Company Act's Section 3(c)(3), nor a common trust fund as outlined under Section 584(a).

A social club is an organization whose purpose is for a hobby, for fun or recreation.  Examples of social clubs include hiking clubs, sailing clubs, book clubs, horse-riding clubs, etc.  A savings club is an organization whose purpose is to help its members save money.  Examples of savings clubs include cruise savings clubs, discount shopping and coupon clubs, etc.

A community sports team is a team that participates in a specific sport.  Audience members are non-paying and the team members also do not get paid to play the team sport.  The team does not play professionally, is not franchised, incorporated, or for profit.  Examples of community sports teams include: soccer teams, baseball teams, basketball teams, football teams, bowling leagues, little leagues, youth sports teams, etc.

A withholding agent is an agent, broker, fiduciary, manager, spouse or tenant who is required by the IRS to withhold taxes on income (other than on employment income), paid to a U.S. non-resident or a foreign person.

A non-profit or tax-exempt organization can be a corporation, LLC, trust or an unincorporated association that qualifies for tax exempt status under IRS 501(a).  A non-profit or tax-exempt organization cannot be a sole proprietorship, a partnership or a for profit organization.  Examples of non-profit organizations include: an educational organization, a public charity, a veteran's organization, etc.

Contact us for more information regarding other legal structures not listed or defined above that may qualify for a FEIN tax ID number.