If you’ve recently started your own small business, you’ve likely seen the term EIN on various paperwork and application forms.
An Employer Identification Number (EIN), otherwise known as a Federal Tax Identification Number, is an important tool that the IRS uses to verify and keep track of businesses. It’s also an incredibly helpful way to verify the legitimacy of your business when performing activities like starting a business bank account or applying for a business license.
If you’re looking to get an employer ID number for your business, we’ll walk you through the process step-by-step in our guide on how to apply for an EIN.
Before you even start asking, how do I apply for an EIN, it’s important to first ask, do I need an EIN?
The IRS lays out some guidelines for what kind of companies need an EIN to file their tax returns. This includes any business entity type that:
This list covers most businesses except certain sole proprietorships, which have the choice of whether or not to file for an EIN. If they choose not to, they are given the option to use their social security number (SSN) in its place.
To apply for an EIN, all you will need is Form SS-4. This IRS form will require you to able to answer basic questions about your business, such as:
For a full list of information required on Form SS-4, you can visit the IRS website.
The IRS instructions offer a number of different ways for people to apply for an employer ID number:
When applying for an EIN, there are some other important things to keep in mind:
We understand how inconvenient and time-consuming government applications can be, especially for a small business owner. That’s why it’s our mission to make applying for a new government ID, or a new EIN, as quick and as easy as possible.
We help you avoid the trip to a government office or wait in any long lines by sending you everything you need right to your own home. All you have to do is visit our website and apply for an EIN using our easy-to-use platform.
Plus, we have a friendly and fast-working team of customer representatives that can help walk you through every step of the process and won’t leave you waiting for hours on hold. You can also find information and answers to questions like “how to find an EIN number,” “is TIN the same as EIN” and “what is an EIN number used for” on our website as well.