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Practical articles by the TLR team on the questions clients actually ask.

Business structures · May 10, 2026

Navigating Multiple EINs: A Guide for Businesses

Managing multiple Employer Identification Numbers (EINs) requires a thorough understanding of IRS regulations. This guide clarifies when multiple EINs are necessary and provides…

By Ozhan Yuksel, EA, MBA · 2 min
IRS & compliance · May 9, 2026

How to Obtain a Tax ID (EIN) for a Deceased Person's Estate

Acting as an estate executor requires obtaining a Tax ID (EIN). This guide simplifies the process, explaining how to apply for an EIN to manage estate assets, pay taxes, and ful…

By Ozhan Yuksel, EA, MBA · 2 min
General tax · May 8, 2026

EIN Requirements for Irrevocable Living Trusts

Understanding when an irrevocable living trust requires an EIN is crucial for tax compliance. This guide clarifies the circumstances necessitating an EIN and offers insights int…

By Ozhan Yuksel, EA, MBA · 2 min
Business structures · May 7, 2026

Home vs. Virtual Business Address: Tax and Legal Considerations

Deciding between a home business address and a virtual business address involves weighing factors like cost, privacy, and professionalism. This guide helps you make the right ch…

By Ozhan Yuksel, EA, MBA · 3 min
IRS & compliance · May 6, 2026

Does Your Trust Need an Employer Identification Number (EIN)?

Whether a trust requires its own EIN hinges on its type. This article clarifies when a trust needs an EIN, how to obtain one, and the implications for tax compliance.

By Ozhan Yuksel, EA, MBA · 2 min
IRS & compliance · May 5, 2026

EIN Transfer: Can You Transfer an EIN to a New Owner?

An Employer Identification Number (EIN) is unique to a business. Generally, you cannot transfer an EIN to a new owner. Learn when a new EIN is required and how to apply.

By Ozhan Yuksel, EA, MBA · 2 min
IRS & compliance · May 4, 2026

Business Licenses for Etsy Sellers: Navigating the Requirements

Understand the legal requirements for selling on Etsy, including when a business license is necessary, how to determine your business status, and other essential permits.

By Ozhan Yuksel, EA, MBA · 2 min
Business structures · May 3, 2026

Choosing the Right State for Your LLC: A Practical Guide

Avoid common pitfalls when selecting a state for your LLC. Learn why forming an LLC in your state of residence is often the most practical and cost-effective choice.

By Ozhan Yuksel, EA, MBA · 3 min
Business structures · May 2, 2026

Converting a Sole Proprietorship to an LLC: A Comprehensive Guide

Transitioning from a sole proprietorship to a Limited Liability Company (LLC) can offer significant advantages for business growth and liability protection. This guide provides …

By Ozhan Yuksel, EA, MBA · 3 min
General tax · May 1, 2026

How to Buy a Car Under Your Company Name: A Comprehensive Guide

Learn the steps to purchase a vehicle under your company's name, from establishing business credit to understanding tax implications. This guide covers EIN acquisition, credit b…

By Ozhan Yuksel, EA, MBA · 3 min
International · Apr 30, 2026

EIN vs. TIN: Key Differences for Tax Compliance

Understanding the distinction between an Employer Identification Number (EIN) and a Taxpayer Identification Number (TIN) is crucial for business owners. While an EIN is a specif…

By Ozhan Yuksel, EA, MBA · 2 min
Business structures · Apr 29, 2026

Opening a Business Bank Account Without an EIN: What You Need to Know

While it's technically possible to open a business bank account without an Employer Identification Number (EIN), it's often not the best approach. Learn about the pros, cons, an…

By Ozhan Yuksel, EA, MBA · 3 min

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