Condo Q&A

HOA trust with no EIN Number, can't open a bank account!

Written by CondoAssociation.com | Fri, Jan 28, 2022 @ 03:20 PM

This question is submitted by Karen G. out of Jamaica Plain, MA

There are four townhouses in our HOA. When the trust was set up in the late 80s, nobody had the foresight to set up a tax id number. We are now in the process of opening up a bank account, and in order to do that, we need a tax id number. Since the trust was formed over 30 years ago, I am unable to get an EIN issued online. However, the 800 number I was referenced to just led me to dead ends and no real people. Anybody dealt with this and know how I can obtain an EIN? We need a bank account since a master insurance claim check is written out to the association.

Thoughts?