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Copyright© 2008 Colin M. Cody, CPA and TraderStatus.com, LLC, All Rights Reserved.
 
Why Form an Entity? updated 1/27/08

A Trader's Choice of Entities updated 11/11/07

Forming Your Own Entity updated 1/4/08

Elect Mark-to-Market for 2008/2009 using a separate legal entity.  This is the time of year many traders are forming their entity.

Why Dissolve (or close down) your Entity? updated 4/25/08



























Warnings regarding IRS registration.
Modernized I-EIN  Online Mod IEIN  Federal Employer Identification number EIN  or  TIN

PIA Approval Date: November 7, 2007
Mod IEIN System Overview:

Q. Does the system ensure  "due process" by allowing affected parties to respond to any negative determination, prior to final action?

A. No. The system will not accept unworkable submissions.


Q. Do other IRS systems provide, receive, or share data in the system? If YES, list the system(s) and describe which data is shared.

A. Yes. ERAS receives data from Mod IEIN via the ESIGN command code.


Q. Have the IRS systems described in Item 10 received an approved Security Certification and Privacy Impact Assessment?

Yes.  IDRS/ERAS:  Certification and Accreditation approved on May 18, 2006, expiring on May 18, 2009.
Privacy Impact Assessment approved on April 12, 2005, expiring on April 12, 2008


Q. Will other agencies provide, receive, or share data in any form with this system?

Yes - Tobacco and Trade Bureau and  Treasury Inspector General for Tax Administration (TIGTA) and Government Accountability Office (GAO) have audit authority.

http://www.irs.gov/privacy/article/0,,id=176436,00.html










Colin M. Cody, CPA, CMA
TraderStatus.com LLC
6004 Main Street
Trumbull, Connecticut 06611-2400

(203) 268-7000



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