Can UTMA be Opened with ATIN?

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Question:

Can an UTMA be opened with a ATIN (Adoption Taxpayer Identification Number) until the Social Security Number is issued? If so, are we required to withhold?

Answer:

I don't see why not. You should pend for a SSN in two years however:http://www.irs.gov/individuals/article/0,,id=96452,00.html

First published on BankersOnline.com 8/22/11