if i revive a corp. , then should i use the same tax id number as before?

Question

I had formed an S corp. in 2000, then voluntarily closed corp. in 2003.
The corp. has been in active since then. Now i want to revive the corp. , with the
same corp. name. Can I use the same tax id number that I used the first time around?

Answer 1

You will use the same TIN "Taxpayer Identification Number" with the IRS. TIN's are like Social Security Numbers.....only one per person or one per corporation. You don't say what state, but if you pay all the back franchise taxes to your state and it is in fact the same corpororation.......then complete IRS Form SS-4. In the lower section it asks if this corporation has ever had a TIN. Answer yes and they will reactivate the number.

However, if you have "dissolved" the corporation with your state officials, then you will need to form a new corporation and obtain a new TIN. It is not clear from your information as to what is the current status of your corporation. "Voluntarily closed" would indicate "dissolved", in which case the corporation is dead (and you need a new corp and new TIN).

If in fact the corporation is just not current due to not filing annual reports and paying the annual franhise tax, then you can file all the back reports, pay the back franchise taxes & penalties......and have your old corp back. THis is true for most states, but not all. However, it may be less expensive and troublesome to simply file new articles of incorporation and startup a new corporation.

Your first step is to find out the current status with your state government.

Answer 2

It is possible but not likely. Often when a business forms an "s" corp. the old tax id numbers are "retired. You best bet is to check with your local state government on the "status" of your old tax id.

Answer 3

No, EIN is a federal selection, and any exemption from sales tax is on the state point. yet you pay sales tax on products you purchase and use on your organization, you're no longer tax exempt. in case you're procuring products for resale, you may get a sort from the state that permits you to no longer pay tax on those, on account which you will carry mutually it and remit it to the state once you sell the products.

Answer 4

with such an important question... why not call the appropriate government agency? do you really want a 14 year old making up an answer that sounds really great and then getting into huge trouble? just a thought...