The application process for a new federal tax ID number can be simple or somewhat complicated, depending on a few factors.
- Are you a U.S. resident, or a non-resident opening a U.S. business?
- What kind of business structure do you plan to use? Partnership, Sole proprietorship, LLC, etc.
- How are you applying?
There are a few ways to approach filing for a federal tax ID number.
Step 1: Choosing Your Business or Entity Structure
Deciding on the kind of entity you need a tax ID for is always step one. It’s also important to remember that you might file for a tax identification number for reasons other than opening a business. For example, nonprofit entities like churches need them for income reporting purposes and to handle payroll tax payments for their employees. Estates often need them too, because many estates have income-producing assets that will be taxed during probate.
Step 2: Filling Out the Paperwork
Once you decide what kind of entity you need the EIN for, the next step is to fill out the simple form to apply for EIN registration. The form requires basic business information, but it is not invasive. Be ready to provide:
- Your personal information, including name and Social Security number if applicable
- Your title within the organization or entity receiving the EIN
- Basic business information including the name, address, and date you started doing business
- Reasons for applying
- Products or services offered
- State where articles of incorporation are filed
In addition to these details, you will also need to answer a few questions about your business operations. They are simple yes or no questions about the nature of the business. Along with your email contact information, that’s all you need to bring together to apply for your tax ID.
Step 3: Wait for Confirmation
Once the form and payment have been submitted to IRS-EIN-Tax-ID.com, it’s just a matter of waiting until you receive confirmation of your EIN. Contact IRS EIN Tax ID Filing Service today for more information.