A 147c Letter is a document issued by the IRS to confirm an organization’s Employer Identification Number (EIN). It is typically requested by businesses or entities when they need to verify their EIN for tax purposes, such as when dealing with vendors, banks, or other institutions requiring proof of the EIN.
- What is the purpose of a 147c Letter?
Answer: It serves to verify an organization’s Employer Identification Number (EIN) for tax-related transactions or compliance with vendors and financial institutions. - How can a business obtain a 147c Letter?
Answer: A business can request it by contacting the IRS Business and Specialty Tax Line or submitting a request via fax or mail. - Who typically needs a 147c Letter?
Answer: Businesses, nonprofits, or other entities needing to confirm their EIN for tax filings, banking, or vendor agreements require a 147c Letter. - Is a 147c Letter the same as an EIN assignment letter?
Answer: No, the 147c Letter is a confirmation of an existing EIN, while the EIN assignment letter is issued when the EIN is first assigned. - What should a business do if they lose their 147c Letter?
Answer: They should contact the IRS to request a replacement letter to ensure they have documentation of their EIN.
