If you are a small business owner, you’ll need to apply for tax ID with the IRS. This nine-digit number, also called an employer identification number (EIN) is used to file your federal business income taxes as well as open bank accounts and lines of credit for your business. Even if you are not an employer, you should obtain this number so that you can hire workers if you need to do so in the future.
Applying for a Tax ID Number
Those wondering how to get a federal tax ID will be happy to know that this is a relatively easy process, requiring a simple one-page application that asks for information about your business. The IRS allows you to request an EIN with several different methods, including:
- Submitting an online version of Form SS-4, available for all businesses headquartered in the United States
- Calling the Business and Specialty Tax line at 800-829-4933 between 7 a.m. and 7 p.m. local time Monday through Friday
- Faxing Form SS-4
- Mailing Form SS-4
If you apply for your EIN online or by phone, you’ll receive the number immediately. If you opt to fax the form, you’ll receive your tax ID by return fax within four business days. Those who mail the form receive their EIN in the mail.
Tax ID Number Requirements
The IRS provides your business EIN at no charge. Unless you are a sole proprietor or have a limited liability company (LLC) that does not have employees, you are required to use this number to file your taxes. Otherwise, you may use your Social Security number.
When filling out the form, be prepared to provide basic details about your business including its legal structure, official address, responsible party, reason you need an EIN, how many employees you had during the tax year in question, and the primary purpose of your company.
Visit govdocfiling.com to get the information and forms you need for your small business. Whether you are looking for an LLC tax form or want to apply for your tax ID number, our resources provide the information you need to get it done.