Tips On How To Complete The EIN Online Form
As an employer, you will be responsible for obtaining a federal tax identification number. With this being said, each of your employees will also need to apply for an EIN, if they do not already have a social security number that is valid. The Internal Revenue Service utilizes this number to identify each tax payer.
Below you will discover a few short tips on how to complete the EIN online form.
Once you input your personal information into the SS4 form, then you will need to select the reason appropriate box, which explains why you are applying for an EIN. You will have several options to select from including:
- New business startup
- Complying with IRS tax withholding laws
- Employing hiring
- Banking needs
- Trust or grantor
- Military official
- Non-profit organization
Be sure to check the appropriate box, failing to do so will increase the risks of having your application denied.
Limited Liability Company
If your business is going to be listed as a limited liability company, you will need to apply for an employer identification number. There will be a box listed on the form that you will need to check, in order to show the IRS that you own a LLC.
While many new business owners will not know exactly how many employees they tend to hire with the next year, they will still need to supply the IRS with an estimate. If you do not plan on hiring any employees, be sure to write in “none” or “zero” into the accurate space. Do not skip this question, because if you do your application by be denied.
If you are filing the SS4, because you are trying to start a business, then you will need to supply the IRS with the business type. There is a section on the form that offers around 12 options to select from and if your business activities are not relevant with these options, then you can select other.
Once you get the form completed, you will need to fax it to the Internal Revenue Service Center. There is a limit to the number of applications that are accepted each business, so keep it mind that it may take several days, before your application is processed.
Keep the completed form and fax reference number in your personal file, just in case it gets lost during the process.
The EIN is only for businesses that are located within the United States. If your business is located outside of the United States, you will not have the option of applying for an EIN online. Instead, you will need to contact an IRS representative for further info and instructions on how to complete the process, if even possible.
You may be eligible for a new EIN, but you will need to fit the qualifications, in order to even apply. It is important to take the time to read the instructions carefully, before you actually start the filing process. In order for your application to be accepted the first go around, every question must be answered honestly and accurately.