I can use some help sorting out exactly how Treasury Direct sees multiple business entities.
The situation: I have an LLC (1 person) that is used with a single checking acct but 3 different funding streams. Each of the funding streams is generated by a separate business (retail x 2 and rental) each which is recognized as separate source of income and expense for tax purposes.
My question: I would like to purchase I bonds by these entities. Do I have 1 or 3? Each business is uniquely named though my social security # is the id for each.
Any clarification will be appreciated.
Linda
Treasury Direct entity rules
Re: Treasury Direct entity rules
I am nearly certain you need a different tax ID. In addition to that, the linked bank account is going to have to have a matching name.