Do I need a Federal Tax Identification Number for my small business?
A federal tax identification number (also know as an employer identification number or EIN), is a number assigned solely to your business by the IRS. Your tax ID number is used to identify your business to several federal agencies responsible for the regulation of business.
Any business offering products or services that are taxed in any way must get a federal tax ID number.
If your state taxes personal services, or if you are required to collect sales taxes on your sales, you need a federal tax ID number. All the government forms you will be required to file for your business will require either a Social Security number or a tax ID number.
It's safe to say that any business that has employees and/or pays any kind of taxes will need a federal tax ID.
Best advice is, when in doubt, get one. It's easy to do. (next)
posted by CA Business License Wiz at
3:47 PM
2 Comments:
No question here. Starting a small business without a Federal Tax ID is begging the IRS to audit you, and without your license, they audit you and your business.
2:31:00 PM
If needs help to file federal id number. Log into http://businessnameusa.com/ and they can you out with it. In less than 3 days from the day that you order, they will contact you by phone, and email you the confirmation letter.
AL
5:28:00 PM
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