You can spend hours reading information online about how to incorrectly apply for a Tax ID (EIN) Number in Florida. Why trust sites that are lacking true and fact-based information? Even if you own a Corporation or LLC, you will want to go to a professional, expert assistance service where you will find a proper step by step guide. The Florida Tax ID Application is your professional guide to help walk you through the online application process for a Tax ID (EIN) Number in Florida.
Steps to Obtain your Tax ID (EIN) Number in Florida:
- Prepare Required Information
- Apply for a Florida Tax ID Online
- Apply for a Florida Tax ID by Phone, Mail or Fax
- How Do You Get a Tax ID Number in Florida?
- Is an EIN Number the Same as a Tax ID Number?
- How Do I Get a Florida State Tax ID Number?
If you’re trying to complete the process as quickly and painlessly as possible, it’s advisable to collect all the information you’ll need for the tax ID application in advance. Depending on the complexity of your business, it should only take you a few minutes, but it will help you complete the application faster (and all in one sitting).
Start by getting the full legal names and addresses of all your business’s founding members, including you and any partners you have. You’ll also want to get their social security numbers (SSNs). Finally, since this application will register your business with the government, you’ll want to have a company name picked out. Decide on one if you haven’t already.
You’ll need to fill out an application for your tax ID, but that application comes in many forms. You can, for example, fill out a paper version of the application by hand. However, thanks to the convenience of the internet, it’s much faster and easier to access and complete your application online.
When you apply online, you’ll find it much easier to navigate the form, and you’ll be able to enter your answers faster, as well. Assuming you’ve already gathered the information listed in the preceding section, it should only take you 5 minutes or so to complete. Add to that the convenience of applying for your tax ID from any device with an internet connection, and it’s hard to see why anyone would prefer a traditional application method.
The biggest advantage of applying for a tax ID online is how fast you can get your tax ID. Once you’re done with the online application, you should receive your tax ID via email within an hour.
There are some other options for applying for your tax ID, though they aren’t nearly as quick or convenient as the online option. You could fill out your tax ID application, answering mostly the same questions, on paper. If you do, you can mail it or fax it in. You can also apply for a tax ID over the phone, answering questions as if you were in an interview. These methods tend to take more time to complete, and after, you’ll be stuck waiting 4 to 6 weeks to get your tax ID via traditional mail, making it inconvenient for entrepreneurs who want to get started as quickly as possible.
If you need a tax ID for your Florida business, you’ll need to register your business with the government, which requires you to answer several questions about your company and the people running it. Filling out the application shouldn’t take much time, especially if you’re already prepared with details like the names, addresses, and social security numbers of all your business partners. But depending on how and where you complete that application, the time it takes to get your tax ID can vary wildly.
For example, if you apply for your tax ID over the phone, or if you fill out a paper application and mail or fax it in, you’ll usually end up waiting 4 to 6 weeks to receive your tax ID by mail. If you’re an entrepreneur eager to build momentum in your business, that’s simply too much time to waste. If you apply online, you’ll have an easier time filling out the application, and more importantly, you should be able to receive your tax ID in less than an hour.
The terminology referring to tax ID numbers can get a little confusing. Your “tax ID” usually refers to your federal tax ID number, a nine-digit number assigned to individual businesses in the United States. This is also referred to as an employer identification number (EIN). The only difference is the name applied to it; these terms are interchangeable.
You’ll need a federal tax ID if your business has multiple members, like if it’s a partnership, a corporation, or an LLC with multiple partners. You’ll also need one if you’re hiring employees (as the EIN name suggests). Most banks and lending institutions will also require your business to have a federal tax ID if you’re opening a business bank account, taking out a loan, or building business credit. Federal tax ID numbers are usually required when applying for most business licenses or permits.
Your federal tax ID (EIN) should not be confused with your state tax ID number, which applies at the state level.
In addition to a federal tax ID number, your Florida business may also need a Florida state tax ID number. This is also a unique identifying number for your business, but it has a different format, and is issued by the state government, rather than the federal government.
You’ll need a state tax ID number if you’re going to hire employees in the state of Florida, if you’re selling taxable goods and services in the state, or if you’re going to owe excise taxes on goods like alcohol or tobacco.
To get your Florida state tax ID number, your first step is to acquire a federal tax ID number. Once you have that, you can apply for your Florida state tax ID through one of several different methods, which should be familiar to you. It’s possible to apply for your Florida state tax ID number via phone, mail, or fax, but it’s faster and more convenient to apply for it online. Be advised that it may take 4 to 6 weeks to receive your Florida state tax ID number, even if you apply online.