Apply for a Federal Tax ID in Alaska easily online. The Internal Revenue Service uses an Employer Identification Number (EIN) or Federal Tax ID for the purposes of identifying your business. It consists of nine digits and is assigned to a business name as well as its address. This number is needed for numerous reasons.
There are benefits when you apply for Federal Tax ID online, making it the most desirable choice for many. There are no lines, no waiting, as well as no set hours for applying. No waiting anxiously for the postman to arrive, your EIN is delivered to you securely the same day by use of email. Keep in mind, there is a two-week waiting period before you can file an electronic return as well as any electronic deposits. However, while waiting, this number can be used to file paper returns and for other purposes as well.
In order to file for a Federal Tax ID, you must have a valid Social Security number or Taxpayer Identification Number. Also, the principle business must be located within the United States.
When to apply for a Federal Tax ID in Alaska:
Alaska, with its cold temperatures, rugged climate and remote location, may not be the first state that springs to mind when it comes to opening a business. Thus, the government does a lot to make the state as business-friendly as possible, and it is actually a very good choice. The benefits of setting up an Alaska business include no sales tax, meaning that when you buy your inventory and supplies in-state, you do not need to pay tax. There is also no individual income tax, so you just need to concern yourself with federal income and corporate taxes. Before you start a business, though, you must fill out paperwork and obtain an Alaska tax ID for federal reporting purposes. This number is sometimes referred to as an Alaska EIN, or employer identification number. (If you already have an EIN, you might need a new one if your business changes structure such as going from a corporation to partnership.)
Since you are wondering how to get a tax ID number in Alaska, wonder no more. Gov Assist, LLC can handle the filing process for you. All you need to do is fill out an easy form, and the number will be emailed to you as soon as possible. Of course, you do need to figure out your business structure first. For example, you might be a sole proprietor, or you may prefer an LLC, S-Corp or C-Corp. A quick Gov Assist, LLC rundown of the many business types can help you figure out the best choice. If you have trouble at any point, a customer support team is waiting to help you 24/7.