EIN required for Wifes Sole Proprietor Business?

[Keith W Vaughn]

> My wife wants to start a Business
> We live in California,a Community Property State
> She will have NO employees,I will be active in here
> business as a Consultant.
> My question is:Does she need to submit an SS4 to the
> IRS for an EIN for Banking purposes?
> She will complete a Schedule C next year and we're
> wondering if the Banks will require her business to have
> a EIN?
> Thanks

--
*****************************
* Keith W Vaughn *
* Sacramento,Ca *
* k...@ix.netcom.com *
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[Mike Wellman]

If you ever have personal tax problems and the IRS is looking for
a bank account to levy - if you have a business bank account set
up under your SSN - your business account will be vulnerable to
levy. This is not advise - this is information. You decide how to
use it.

--
Mike Wellman, CPA
For problems with liens, levies, seizures, audits, appeals or if
you are interested in learning about offers in compromise go to:
http://ourworld.compuserve.com/homepages/wellman/

[TomHealy CPA]

No EIN is required for a sole proprietorship with no employees unless she
starts a Keogh plan.

Tom

Solving your tax and business problems with
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THOMAS E HEALY, CPA, PC Boulder, CO (303) 443-1804 voice & fax