How to Apply for an Employer Identification Number
An EIN or Employer
Identification Number is issued by the Internal Revenue Service (IRS) for
purposes of identifying business structures. Most businesses need this unique
number for filing and paying taxes. An EIN is also used to open a business bank
account, apply for business credit or loan, and apply for business licenses. Applying for an estate tax id number or EIN is a simple process at the IRS EIN
Tax ID website. The application center is available 7 days a week, 24 hours a
day, unlike the IRS website that shuts down after business hours.
Who Needs an EIN
When forming a
business entity, including Limited Liability Company (LLC), corporation, or
partnership, you must apply for an Employer Identification Number. There are
certain circumstances where sole proprietorships must apply as well. Other
situations that you may need an EIN include:
· You have employees
· You have a Keogh plan
· Your business is a non-profit
organization
· Your business is involved in estates,
trusts, real estate mortgage investment conduits, farmers’ cooperative
Even if your
business is not required to have an EIN, it is a good idea to apply for one for
privacy reasons.
How to Apply
There are a few
options available to businesses who need to apply for an EIN, including phone,
mail, and online. The fastest way to receive this number is via the secure
website of IRS EIN Tax ID. There are three easy steps to take on their website
that allows you to get your EIN number within the same day as you apply, in
most cases within the same hour. Enter the type of entity you are applying for,
fill in the information, and submit the IRStax id form application. It’s that simple.
When it comes to
applying for an EIN, leave it to the experts at the IRS EIN Tax ID website.
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