Posted by Rainbow on September 01, 2005 at 22:16:05:
This is from the IRS website.
“The “land trust” has no special distinction in the Internal Revenue Code and would be a simple, complex, or grantor trust depending on the terms of the trust instrument. Filing requirements would depend on the type of trust.”
So I guess it really depends on how it is setup.
Do I need EIN# for a Land Trust - Posted by will kim
Posted by will kim on January 06, 2003 at 19:25:34:
I formed my first C Corp, and just got done applying for EIN#.
I noticed while filling out the application, there was a checkmark for Trust for Type of Entity section.
I bought a house using Land Trust couple months back.
Do I need to get an EIN# to make the Land Trust valid?
Re: Do I need EIN# for a Land Trust - Posted by SteveC_GA
Posted by SteveC_GA on January 10, 2003 at 21:01:51:
Most people use their corp. or LLC as the beneficiary of the land trust. As long as you are routing your income/expense through some entity that will report to the IRS, you don’t need an EIN.
Steve Case
Re: Do I need EIN# for a Land Trust - Posted by JHyre in Ohio
Posted by JHyre in Ohio on January 08, 2003 at 07:39:24:
No, though some people get them anyway.
John Hyre