Common Mistakes To Avoid When Applying For An EIN

An Employer Identification Number (EIN) is an IRS-assigned number to recognize a business entity that operates in the United States. An EIN is used for any business tax returns or legal purposes. You may apply for an EIN by fax, mail, telephone (International applicants), or the fastest way – applying online. To apply, fill out […]

The Benefits Of Having A Federal Tax ID Number For Your Business Finances

An Employer Identification Number (EIN) is a unique nine-digit tax identification number given by the IRS to businesses, organizations, and other entities for filing taxes and reporting purposes. This EIN works as a federal tax identification number which you will need to pay federal taxes, hire employees, create a business bank account, and apply for […]

Benefits Of Using An External Filing Service To Obtain An EIN

One of the earliest administrative tasks for any business or organization is to apply for an Employer Identification Number (EIN). The EIN is a number issued by the Internal Revenue Service (IRS) to identify businesses in the U.S. for tax purposes. Applying for an EIN is a procedure that involves several steps and requires relevant […]

The Difference Between An EIN And A State Tax ID Number

If you are an owner of a business or an organization that has to file tax returns, you may know that you need to apply for a tax ID number. You may have come across the terms EIN and State Tax ID Number, but how are they different and which one applies to you? In […]

Tax ID Numbers And Freelancers: What You Need To Know

Do I need to pay taxes as a freelancer? Do I need an EIN as a freelancer? Any business operating in the U.S. needs to pay taxes – this is no different for freelancers. The Internal Revenue Service (IRS) uses Taxpayer Identification Numbers (TIN) as a way to identify individuals in the execution of tax […]