0
Does an unincorporated condo association need a federal employer indentification number?
Wiki User
∙ 14y ago
Yes, an unincorporated condo association may need a federal employer identification number (EIN) if they have employees or if they file certain tax forms, such as Form 1120 for corporations or Form 1065 for partnerships. However, if the association is not required to have an EIN, they can still choose to obtain one for various purposes, such as opening a bank account or obtaining business licenses.
Wiki User
∙ 14y agoIf the association pays employees, or if the association files federal taxes, then a Federal Employer Identification Number is required.
It's a good idea to have one; it can help legitimize and authenticate the association. As well, the association can consider incorporation as a non-profit corporation, which also helps legitimize and authenticate it.
Otherwise, with no legal standing, how does the association conduct its business?
Add your answer:
Earn +20 pts
Does an incorporated condo association need a federal employer identification number?
When an association pays employees and files tax returns or sends W-2s or 1099s, a federal employer identification number is required.
What is an example of unincorporated associations?
Federal Reserve
When was Federal Bar Association created?
Federal Bar Association was created in 1920.
How do you serve federal national mortgage association?
who is registered agent for federal national mortgage association
What does federal withholding mean?
When you earn income from an employer, the employer automatically withholds a portion of your salary for federal income taxes, which they remit to the government on your behalf.
Who is the largest employer in Washington dc?
Federal Government
What form is quarterly tax return?
Form 941 - Employer's Quarterly Federal Tax ReturnForm 720 - Quarterly Federal Excise TaxReturn941-X - Adjusted Employer's Quarterly Federal TaxReturn or claim for Refund
Who or what is payers federal indentification number 31-1612994?
This is the EIN I get for US Naval Research Laboratory on my 1099-Misc although it may be related to Defense Finance and Accounting services.
Is the National Association Pharmacy Reglulated Authorities federal or provincial legislation?
Federal
Who bought Metropolitan Federal Savings and Loan Association of Seattle?
Washington federal
What happens to the money that your employer withholds from you paycheck?
Your employer sends it to the federal government to help your income tax bill
What is the EIN for TCI?
Employer federal id number on your w2
