What is a Federal Tax ID Number (EIN)?
Businesses and some other entities are identified by their nine-digit Employer Identification Number (EIN), which is provided by the IRS. EINs, also known as Federal Tax IDs, are frequently used for banking and taxation purposes as well as for business registration with the federal government.
Why do I need an EIN?
1. To open a business bank account
2. To hire employees
3. To file taxes
What is the EIN filing service fee?
The goal of this service is to make the process of obtaining your EIN quick, safe, and 100% electronic. It includes a dedicated specialist who supervises the submission to the IRS and any correspondence with the IRS on your behalf, reviewing and ensuring your documentation is accurate and comprehensive. This service is provided for a one-time cost which varies depending on how quickly you need your EIN.
When will I receive my EIN?
If you place an order for expedited delivery during business hours, it will be delivered the same business day. The following business day will see the fulfillment of orders placed after hours or on weekends. All standard delivery orders will be processed within 1-2 business days. Business hours are Monday through Friday from 9 a.m. to 5 p.m.
How can I locate my pre-existing EIN?
You can call the IRS to look up your EIN if you have one but have misplaced, forgotten, or lost it. The Business & Specialty Tax Line can be reached by phone at 800-829-4933, Monday through Friday, from 7 a.m. to 7 p.m. To maintain security, an assistant will ask you identifying questions before giving you your number over the phone.
Is an EIN required to open my business bank account?
To open a business bank account, the majority of banks will need an EIN. Sole Proprietors may be able to open a business bank account with some banks by using their SSN instead. Even so, some banks may still prefer an EIN.
Does my EIN expire?
There is no expiration date on an EIN. An EIN is valid for the life of the entity or person in the case of a Sole Proprietor. Please be aware that the IRS can only issue one EIN to Sole Proprietors, which is associated with their SSN.