Replies to post #87273 on PHI Group Inc (PHIL)

[KennyPro]

No one files to be on the IRS radar unless they have legitimate reasons to. Henry has to file more papers now before Oct. 15th to complete the process...Things are rolling along and Vietnam is dropping the COVID restrictions. I'd say things are looking up!

[saving_ryan]

Actually no. You are NOT automatically assigned an EIN. I own my own business and know the process well. You have to apply for one with the IRS, before or after, filing incorporation papers with whichever state you choose to do business in. So this was a conscious move to apply for and be granted an EIN with the IRS.

With that said, knowing you just so confidently put that out there, it makes me wonder what other statements you have made that are also incorrect.

Anyway, you only apply for an EIN if you are wanting to be recognized as a taxed-entity in the US. No one wants to be taxed, so I say...steam on!