When Would I Need To Use An EIN?

Back to FAQs

 

Depending on the type of business you establish, an EIN number may be required for tax purposes. All corporations, partnerships, and any business with employees are required to submit an EIN number application. However, even businesses not required to have an EIN number may benefit from obtaining one. If you get an EIN online, you can save time by having your EIN number ready to fulfill several essential business tasks that can only be completed with an EIN number.

Using Your EIN Number

Several crucial business tasks require what’s called an Employer Identification Number, or EIN for short. Aside from using your EIN number to file annual taxes, businesses need an EIN if they wish to perform any of the following tasks:

  • Open a bank account in the name of the company
  • Apply for credit on behalf of the company
  • Hire employees and establish a payroll
  • Apply for local licenses and permits
  • Use an EIN number in lieu of a Social Security Number (SSN) on various forms and documents
  • Forming a Keogh plan

These examples are tasks that require an EIN number; all these tasks are important because they help grow a company.

Also referred to as a Federal Tax Identification Number, an Employer Identification Number, or EIN, is how the IRS identifies your business as an operating entity within the United States of America. You can use your EIN for activities you would otherwise need a Social Security Number for.

Lots of business owners and entrepreneurs do not know whether or not they should obtain an EIN for their company. One reason you may want to get en Employer Identification Number is for privacy. If your organization handles multiple clients, using your Social Security Number may expose you to dangerous identify theft, which could put both you and your company at risk. If you apply for a Federal Tax Identification Number, which is extremely simple to do on our secure website, it can prevent you from predators that are trying to steal your identity.

How do I Apply for an EIN?

IRS EIN makes it easy for you to apply for your EIN right from the comfort of your own home. Our safe and secure website helps you also track your EIN application status so you know exactly where your stand.

Can I Cancel my EIN?

No. Once you apply for one and it is assigned to your company, it belongs to the registered organization, even though you are named as the responsible party of your business.

Trust in IRS EIN

We make it simple to apply for your EIN. Simply select your entity type on our website, fill out a few simple answers, and wait for your application to be processed in a matter of days. You can also track the status of your application anytime, anywhere.

Get an EIN Online

There are lots of ways to submit an EIN number application, but the fastest and easiest way is to get an EIN online. Online applications simplify complicated tax forms and return your new EIN within 24 hours.

You may also apply by phone or through the mail, but these methods can take up to two weeks to process. If you need your EIN immediately, the online application process is the best choice.

Don’t wait to get an EIN online. If you apply today, you can start using your EIN number tomorrow.

Select Your Entity Type to Apply for a Federal Tax ID Today