How To Get A Business Tax ID Number

The IRS has forms and requirements for a lot of US citizens and entities in the country, businesses included. A business tax ID number is one such requirement, with many businesses scrambling to get an EIN in Washington or wherever it is they operate. Now, it might seem daunting to try and get an EIN, but, thankfully the IRS did what they can to make the process as simple as possible.

Here are the steps.

  • Firstly, do you even need an EIN?
    • Firstly, before you go through the trouble of having to get an EIN in Washington, figure out of you need it first. If you have a business with employees that withhold taxes from their wages and salaries, or your business operates as part of a cooperation or partnership, then, yeah, you do need an EIN. Any estates, trusts and NPO’s also need EINs, whilst sole proprietorship doesn’t need one, though they can still get one if they feel like it.
  • You need one. Get in line.
    • If you do need an EIN, you can apply for one with fax, phone or mail. However, with online applications becoming more and more commonplace, the easiest way to go is via the internet, because online applicants immediately receive their EIN after application. Of course, the place to go is the IRS website.
  • Answer questions.
    • The IRS application will ask you several things. Answer them truthfully, of course, this is the IRS you’re dealing with. First, select the type of EIN you need, elaborate on why and add your details like your name and Social Security number.
  • Now you have an EIN.
    • Once the application is complete and everything checks out, the IRS will give you an EIN which will be effectively immediately. You’ll receive official IRS documentation, which will confirm your EIN. With any sort of official documentation, it’s best to keep this safe. If worst comes to pass, and you lose it, call the IRS Business & Specialty Tax Line at 800-829-4933, and share whatever details are needed by the IRS to reacquire your EIN. On the weird off-chance that you get an EIN but you don’t actually need it, the IRS can close your account. It’s still there if you need it, don’t worry.