Today we are going to talk about Employee Identification Number, abbreviated as EIN. When you file your tax return, you need to mention your EIN for further processes. Initially, SSN was accepted in the place of EIN, however, since May 2014, IRS has stopped accepting SSN as a replacement of EIN. |
However, if you are new to the world of business and you don’t have an Employee Identification Number, we are here to help you.
EIN is an identification number used by IRS in order to recognize you as a company or entity. The combination of the EIN and the name of the taxpayer are revised into unique identifier for each taxpayer and that holds as a security for the system and the private setting owned by the federal. Also, do note, while you are filing return, ensure you provide IRS with the correct EIN. If the unique identification number does not match IRS records, your return would be rejected.
If you don’t remember your EIN while filing your return or you have accidentally misplaced it, reach IRS at 1-866-699-4096 and they would look into it for you.
For new businesses, keep following. You need a new EIN and we will tell you how exactly you can gain one.
Apply EIN Online:
When you decide to apply an EIN online, trust me, it is one of the simplest thing you can do when you don’t have enough of time in hand. The virtual world will provide you with every facility. The process is fast and the outcome is faster. Visit www.IRS.gov and click on Businesses, then click on Employer Identification Numbers (it’s on the left hand side of the page under “Topics”) for more information. It is fast, free and user-friendly.
Apply EIN Through Phone Call:
You can apply for an EIN through phone call. Dial 1-800-829-4933. Do remember, the process is little time consuming and when you don’t file for an EIN electronically, you cannot file immediately with your EIN. IRS would take time to update their database. So do wait for few days and file your return.
Apply By Mail:
You can also apply EIN through mail and you would receive it within 4 weeks. You need to ensure that form SS-4 (PDF) contains all of the required information. If it is determined that the entity needs a new EIN, you will be assigned with appropriate procedures and the same would be mailed to you.
Receive EIN through Fax:
Also, you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. It is important to understand, you cannot file a return without an EIN. So get yours before it is too late. Now you know the methods of applying for an EIN, we have made it much easier.
So are you applying for an EIN? Choose the right method and gain your EIN.
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