business finance

When Would I Use an EIN?

An Employer Identification Number or EIN is a requirement for many businesses. This unique, nine-digit number is used by employers, corporations, sole proprietors, partnerships, estates of decedents, trusts, non-profit associations, certain individuals, government agencies, as well as other business entities. Your EIN must be entered on all documents sent to the Social Security Administration or SSA and the Internal Revenue Service or IRS. When applying for an EIN at the IRS-EIN tax id website, you may check EIN status anytime online.

Tasks Requiring an EIN

An EIN is required for numerous important business tasks. In addition to using it for your annual taxes, your EIN is required when you open a business bank account, hiring employees, applying for credit in the name of your business, applying for permits and licenses, forming a Keogh plan, and more.

Even if your business or organization does not require an EIN, it can be beneficial to apply for this number. One benefit is the privacy it provides. It can be dangerous using your Social Security number on documents handled by your organization. Not only are you put at risk, your company is as well. You never know when or where an identity thief will show up.

Fast, Safe and Secure

Several ways are available for you to apply for an EIN including mail, fax, phone, and online. The fastest and easiest way is online at the IRS-EIN-Tax-ID website. Their simplified forms reduce confusion and time when reading and filling out forms. To obtain an EIN, there are just three simple steps. Choose the type of entity for which you are applying for, and submit the application. Knowledgeable and friendly Govt Assist agents are ready and able to assist you through the process. After the application is submitted to the IRS, your EIN is securely delivered to your email within 24 hours.

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