![]() If applying online isn't an option, your other options are: As long as your business is located in the U.S., you're eligible to apply online. Within seconds of completing the EIN application, you'll have your own EIN. The fastest way to apply is online, which is also the method preferred by the IRS. ![]() If your business has employees, or you want to file your taxes under your business name and not under your personal Social Security Number, you'll need to get an EIN. Customers and vendors don't need it, so avoid displaying it on your business license or on other certificates. You'll only need your EIN when you conduct business with the government or financial institutions. Theoretically, someone with your EIN number could open up a business account as your business entity.Īvoid displaying your EIN in public areas. Just like your Social Security Number, your EIN contains private, crucial information. Related Article | 5 Scams To Watch Out For As An Immigrant Business Owner Are EIN Numbers Public Record?ĮIN numbers are federal, public record, which means someone could get their hand on it if they wanted to. You operate as a partnership, corporation, or limited liability company.You file business taxes for employment, excise, alcohol, tobacco, and/or firearms.You withhold income taces for a non-resident alien for purposes other than wages.If any of the following apply to your business, you must have an EIN: Financial or legal activities associated with your business require your EIN. Why You Need an EINĪny business can apply for an EIN, but some businesses require it. You'll use the number in a variety of ways, but it's most important for your tax filings and payroll. You may also hear it called Federal Tax Identification Numbers (TIN) or 95 number. Just like your Social Security Number identifies you as an individual, an EIN identifies your business. Related Article | The Finance Dictionary: Learn the jargon your Finance friends speak!Įach business has a unique number called an employer identification number EIN that they use to file their taxes and conduct other business with the government. As a business owner, it's important to know how to look your EIN up if you've lost it, what you can do with it, and how to do a reverse EIN lookup. If you own a business, you likely have an EIN (Employee Identification Number) that identifies your business.
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