What is a federal tax ID number and why do I need one?
A federal tax identification number, also known as an employer identification number or EIN, is basically a social security number for businesses. It is the number the IRS uses to identify the business, and it must be included on tax filings the business makes. Businesses apply for an EIN by preparing IRS Form SS-4 and filing it with the IRS. ACorporation4Less.com can assist with the preparation and/or obtainment of your company’s tax ID number. Futhermore, certain states also require a state tax identification number. To learn if your state requires a separate number, contact your state’s taxation authority. Please note, ACorporation4Less.com does not assist with the obtainment of state tax identification numbers. If you operate your business as a sole proprietorship or partnership and are now looking to incorporate or form a limited liability company (LLC), you must obtain a new EIN for your business.
