NOMINEE EIN ALERT
NOMINEE OFFICER AND THE APPLICATION FOR THE EIN
By the time clients reach us, they surfed many other websites that advocated for the use of a nominee officer EIN. Many websites offer a regurgitation of bad information. It’s time to break it down:
When you apply for the corporation’s bank account, the bank screens your name with ChexSystems and with OFAC (Office of Foreign Assets Control). OFAC is a department of the US Treasury, as the IRS. OFAC shares their database with the Department of Homeland Security and throughout the US Treasury. This means that IRS eventually knows for which bank accounts you applied.