For others reading that question, the EIN is for those who wish to open a bank account for the trust in the United States of America. It stands for Employer Identification Number, and even if you have no employees, the trust still needs to get the number from the IRS, for banking purposes only.


For those living or banking in other countries, each country may have its own national business entity identification number that may need to be acquired to open a bank account in that country.


You only need the EIN, or equivalent number in whatever country you are in, if you are going to open a bank account for the trust. The EIN is "for banking purposes only" -- not for filing tax returns. Do NOT file any tax return for the trust! The EIN is required by the banks in the USA for opening accounts.


The EIN is very simple, easy, and quick to get, and it is free. It is done online on the IRS website and Randall can show you how to do it. Once the form is filled out, it just takes a few minutes or seconds for the system to generate it.