Does a Bankruptcy Estate (Individual) need a Tax ID (EIN) Number?

A Bankruptcy Estate (Individual) is formed when a trustee is assigned to take care of an individual’s assets. This requires that a new legal entity be made and that an EIN be obtained for the Estate of Deceased. A trustee is going to take care of the bankruptcy estate, pay off the debts they can, dissolve any assets that aren’t protected and then dissolve the estate itself once all the debts have been dealt with.

An individual generally works with a bankruptcy attorney to initiate the process of bankruptcy. The trustee will usually open the new accounts and filings for them and will manage those filings until the bankruptcy has been completed. All of this is because the bankruptcy estate is not going to be under control of the individual, but rather the trustee, during this time. You (or the trustee) can obtain your Estate EIN Number online in under an hour using the IRS Estate Tax ID Number Application.

Apply for an Estate Tax ID Number
Apply for an Estate Tax ID Number


Written by Maurice Mallory

Gov Easy LLC is an Authorized E-File Provider and helps clients obtain Federal Tax ID Numbers from the IRS. We are a business-to-business (B2B) application assistance and filing service and are not affiliated with the IRS or any other federal or state organizations. We do not provide legal, financial or other professional advice. We are not a law or an accountancy firm nor are we affiliated with either. Users are able to obtain a Tax ID number on their own by working directly with the IRS, but they will not be able to use the streamlined application process or engage with e-mail support.