This service is intended to make filing for your EIN fast, secure and worry-free. It includes a data entry specialist who reviews and ensures your documentation is complete and accurate, as well as manages the submission to the IRS and any communication with the IRS on your behalf. There is a one-time fee that covers this service.
An Employer Identification Number or EIN is a Tax Identification Number for businesses that is nine digits long and assigned by the IRS. They use the number to identify which taxpayers will need to require business tax forms as well as personal.
If you have an EIN but lost, misplaced, or cannot remember it, you can contact the IRS to search their database for it. The number for the Business & Specialty Tax Line is 800-829-4933 and is available Monday-Friday, from 7am to 7pm. An assistor will ask you identifying questions to ensure security, and then provide your number to you over the telephone.
An EIN is a unique nine-digit number that identifies your business for tax purposes. It's like a Social Security number but is meant for business related items only. As a business owner, you'll need an EIN to open a business bank account, apply for business licenses and file your tax returns.
On a technical level, an EIN is a Tax Identification Number. The term Tax ID Number refers to types of numbers that are generated for tax purposes. They’re typically used to track payments made to individuals on the federal level, though Tax IDs can also be issued on the state level. EINs are Tax ID Numbers specifically for businesses. Unlike Tax IDs, an EIN is always issued on the federal level.
Most banks will require an EIN or Tax ID to open a business bank account. Some banks may allow Sole Proprietors to open a business bank account by utilizing their Social Security Number instead. But even then, some banks may require an EIN instead.
Employer Identification Numbers do not expire. Once an EIN has been issued to a business, it will not be issued again.
There are many reasons a business owner may need an EIN or Tax ID Number. Among others, opening a business bank account, paying an employee, filing employment tax returns, or simply declaring certain business entities. Other people who need an EIN could include executors of estates and trustees.