The Mystery Entity opens accounts with institutional custodians and mutual funds, serves as trustee, collects 12B-1 fees, and is a payor of benefits for retirement plans. It is identified by its Tax ID number 71-0854939. But what is it?
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"The Trust Department has its own Tax ID number."
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"You should only have one EIN [Employer Identification Number or Tax ID] for the same business entity."
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Cheryl Weathers, Trust Officer
Centennial Bank f/k/a Liberty Bank of Arkansas |
Internal Revenue Service
Publication 1635 (Rev. 2-2014) |
Centennial Bank's (f/k/a Liberty Bank of Arkansas) Own Auditor Does Not Know About The Mystery Entity
Yet The Mystery Entity Is A Payor Of Benefits For Qualified Retirement Plans
And The Mystery Entity, Using The Name "Centennial Trust", Serves As Trustee For Qualified Retirement Plans
The Mystery Entity's Tax Classification On Certified IRS Forms W-9 Is "Other - Trust Department" WTF
The Mystery Entity Identifies Itself To Third Party Financial Institutions Using A One Page IRS Fax
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The Mystery Entity, in this instance known as "The Bank", uses a strange fax from the IRS to open accounts with custodians and mutual funds. The fax does not reveal the Mystery Entity's tax classification (corporation, partnership, etc.), its mailing address, or the type of tax return(s) the IRS expects it to file. What is the legal form of the entity that is using 71-0854939? |
The Mystery Entity Opened An Account With Longleaf Partners, a Well Known Mutual Fund managed by Southeastern Asset Management, As "The Bank"
The Mystery Entity Opened An Account With A Large Fund Company, Federated Funds, As "Liberty Bank of Arkansas"
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"Liberty Bank of Arkansas" Tax ID #: 71-0854939 What is it? |
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