When it comes to operating a business, chances are good that you will be issued an Employer Identification Number (EIN) at some point. This number is an important one that is used by the IRS to keep track of your business. That means that you use it kind of like you do a Social Security Number. You provide it on your tax return and use to open up business things like a bank account or even a business credit card. The process isn’t necessarily automatic, however, and you are responsible for ensuring that you have an EIN number. In order to do that, you will need to apply for a federal tax ID. Let’s look at how you can go about doing that!
Apply For A Federal Tax ID
Applying for a federal tax ID might sound like a complicated process. In reality, however, it can be a pretty simple one. What you really need is to ensure that you find a service that streamlines the whole experience and enables you to quickly and easily apply for an EIN number online. Some of them, like IRS-EIN, can even send you your EIN as soon as the same day that your application is received! No more waiting for weeks or months only to have to call the IRS to find out what is going on.
How To Check EIN Status
If you already have an EIN number but do not remember what it is or whether or not your application has been received, don’t worry! Many people wonder how to check EIN status, but there are a few options like calling your bank, calling the IRS, or checking your old tax returns.
Do you need to apply for a federal ID? IRS-EIN-Tax-ID can help! Take a look at their website today.