When you have a Tax ID, your business will not only be able to file taxes, but you can also get much-needed financing. Securing a Tax ID number can be done quickly, and you will have access to the number immediately. Work with our EIN assistance professionals, and the process to get a Tax ID number will go much smoother.
The Tax ID Number is a nine-digit number, much like a social security number, used by the government to identify your business. The Tax ID Number is used to secure financing for your business, including gaining credit. You can also use this number when it is time to file taxes.
The Tax ID Number application is simple to fill out and can be completed right away. When the application is complete, you will know immediately if your EIN is approved. You only need to have a Social Security Number and a business that is located in the United States or a US territory.
The EIN application will need to be updated when you are relocating your business, or if it changes owners. To update the EIN, you will need to locate your number. There are several ways you can retrieve this information.
The Federal EIN is located in the left-hand corner of the W-2. You can find this number on any tax documents that were created for your business. Also, your bank will have the number on file from when your account was created.
Whether your business is new or simply relocating, you will need to have a Tax ID number. The Federal Tax ID is easy for any individual, corporation, or partnership to obtain. Follow a couple of guidelines, and your business will get off the ground quicker.
Your EIN or tax ID number is required by the IRS to make sure you are meeting your tax obligations. If you were to structure your business as a sole proprietorship or as an LLC without employees, you could simply use your social security number for tax filing purposes.
But remember, if you are a sole proprietorship that files excise tax returns or pension returns, you will need a tax ID number.
Partnerships without employees are required to have a partnership tax ID number. The IRS wants to make sure that business are reporting taxes correctly, and filing for a tax ID number puts you on the right path to complying with federal tax law.
You will need to file for a new tax ID number in circumstances other than business formation. These instances include:
You can easily obtain a tax ID number in any of these scenarios by filing for a tax ID with IRS-EIN. We facilitate speedy application and approval for a new tax ID. Whether you need an Oregon tax ID or any other state, apply today to get started.