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Subject:  Re: SSN vs EIN Date:  6/28/2013  7:44 AM
Author:  TMFPMarti Number:  118777 of 127549

I bought a single payment annuity from a Swiss insurance company. This, in contrast to a US issued annuity, is subject to a 1% federal excise tax. And that is paid on some form or other, and that form requires an EIN. I assumed I could just put my SSN in there, but the IRS rejected it. That is why I got my own EIN. This would have been in 1996, if I remember correctly.

Right. Nothing wrong with that. Only certain returns can be processed with an SSN, and excise tax isn't one of them.

I do not know what MSU is.

Making stuff up. Here's an example:

So I make up a phony name for a non-existent business, sent it to the IRS who issued me an EIN.

That's the part I was commenting on as unnecessary. You could have just put your name and address, no business name, indicated no employees and that you were an individual.

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