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New Corporate Owners Keeping Same Federal Tax ID

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Question: 
A corporate account sells the business and the owners change, but the corporation name stays the same. Can the new owners keep the same Federal Tax Number?
Answer: 

The TIN belongs to the corporation and the owners can change at any time without impacting the corporate identity.

First published on BankersOnline.com 9/15/08

First published on 09/15/2008

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