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I dont recognize the tax ID number on my IOLTA account. Am I in trouble?

April 26, 2017account Id IOLTA recognize tax

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I dont recognize the tax ID number on my IOLTA account. Am I in trouble?

1 Answer

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All IOLTA accounts have the same tax ID number. This way all the interest earned on IOLTA is reported to the IRS as having been paid directly to the Lawyers Trust Account Board (LTAB).