How To Obtain an EIN Number – An Employer Identification Number (EIN) is a unique 10-digit number used by businesses to identify themselves. Businesses use EINs for various reasons, including tax purposes. For example, a business that sells goods to customers uses the EIN to help track its sales. The IRS requires businesses to report their income and sales using the EIN. The EIN is also used to register a business with the state and local governments.
The IRS assigns each business a unique EIN number. You need this number to file taxes. The number is the first six digits of the social security number. It is the only tax identification number you need to file your taxes. You can find the number on your 1040 form.
How to Obtain an EIN Number?
I know that there are a lot of people out there who are trying to obtain an EIN number. But there is no one who knows the procedure. The most common reason for getting the EIN number is to open a business and the procedure varies from state to state.
So, here I am going to share with you the process of obtaining an ein number.
Get your Business License
If you are planning to get an ein number, then the first step is to apply for your business license. It is mandatory to get your business license before applying for an ein number. For this, you need to visit the office of your city or town.
Fill the Application Form
After getting your business license, you need to fill the application form which will contain information like company name, address, city, phone number etc.
Pay a fee
After filling the application form, you will be asked to pay a small amount of money as a fee. Once you pay the fee, then you can start the procedure.
The next step is to apply online for an ein number. There are a lot of companies which provide the online facility of applying for an ein number. All you need to do is to go through the website and enter your information like company name, address, city etc.
Send the Application Form
Once you fill the form and sent it, the company will send you a confirmation mail with your ein number.
I know that there are some people who are not aware about the procedure of obtaining an ein number. So, here I have shared with you the simple and effective process of obtaining an ein number. I am sure that you will love this post because I have tried to explain it in a very simple manner.