Frequently Asked Questions

Our service involves a one-time fee, which covers a simplified and reliable process for acquiring your EIN. This includes expert assistance to ensure your forms are filled out accurately, submission of the required documents to the IRS, and handling any follow-up communication with the IRS on your behalf.

An Employer Identification Number (EIN) is a unique nine-digit Tax Identification Number issued by the IRS to businesses. It serves as a way for the IRS to identify taxpayers who are required to file business-related and personal tax documents.

If you've already been assigned an EIN but can't locate or recall it, you can contact the IRS for assistance. You can reach their Business & Specialty Tax Line at 800-829-4933, available Monday through Friday from 7:00 AM to 7:00 PM local time. For security purposes, you'll be asked some verification questions before they provide your EIN over the phone.

An EIN is essential for various business activities, including filing tax returns, opening business bank accounts, applying for loans, obtaining specific permits or licenses, and managing payroll taxes such as FICA, Social Security, and Medicare.

An EIN and a Federal Tax ID Number are the same. However, it's important not to confuse these with a State Tax ID Number, which is a separate identifier used for state-level tax purposes. A State Tax ID Number is used by businesses to comply with state-specific tax requirements. It is typically needed for collecting and remitting sales tax, withholding state income taxes, filing state specific business taxes, and obtaining state permits or licenses.

Most banks require an EIN or Tax ID to open a business bank account. However, some may allow sole proprietors to use their Social Security Number (SSN) instead. That said, even in cases where an SSN is acceptable, certain banks may still mandate the use of an EIN for added verification or compliance reasons.

There are multiple reasons why you might need an EIN (Tax ID) Number. Some of the most common include: starting a new business, opening a business bank account, hiring employees, forming a Limited Liability Company (LLC), managing an estate after a death, filing federal income taxes, setting up a trust account, organizing a non-profit, obtaining a business license, and ensuring compliance with IRS requirements.

A Tax ID number does not expire. It remains valid for the lifetime of the entity, or in the case of a Sole Proprietor, for as long as the individual operates their business. It's important to note that Sole Proprietors are only issued one Tax ID number by the IRS.