What Does Obtaining An EIN Allow Me To Do For My Business?

Back to FAQs

 

An employer identification number (EIN) is how the Internal Revenue Service (IRS) identifies your company as a working entity within the United States of America. If you are a company owner, you can use your employer identification number to conduct business needs, such as opening up a bank account or filing for taxes, which would otherwise require an SSN.

Do I Need an EIN for My Company?

Many new company owners are unsure if they need to obtain an employer identification number, otherwise known as a federal tax identification number. The Internal Revenue Service wants you to get an EIN:

  • If your company has workers.
  • If your company operates as a partnership or a corporation.
  • If you withhold pay for a non-resident alien for anything other than wages.
  • If you have a Keogh plan.

What Does an EIN Do for My Business?

If you obtain an EIN, there is a lot that you can do with it. First, it’s required to open a business banking account. You will also need to go through the business tax ID application process if you plan on filing your business’ tax returns come April.

How IRS-EIN Can Help

We offer a secure and safe method to obtain an EIN. You can easily apply for an EIN online through our website in the comfort and convenience of your own home. Additionally, you can check your application process and see exactly where you stand.

We encourage you to utilize our site for all of your employer identification number needs. Contact us today to learn more, or visit the FAQ section of our page.

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