EIN number for $65 (Why is an EIN is so important?)
Do you have any business on the internet, or have you recently set up a new company? Are you thinking to start a business with it? If so, the most significant step you need to do right now is to apply for an EIN from the IRS so you can do business. In this article, we will discuss why a business needs an EIN.
What is an EIN?
An EIN (from IRS) is like a social security number for your company. It is also called a Federal Tax ID Number. Even if you are starting a business as a sole proprietor, you should get an EIN from the IRS. An EIN is nine digits long (Example: 20-1234567).
Why Your Business Need an EIN?
Your business needs an EIN under any of the following facts – According to the IRS.
- You have staffs or employees.
- Your company is taxed as an LLC, C Corporation, or partnership.
- You file excise taxes, job taxes, or tobacco, alcohol, or rifle tax returns.
- You resist taxes on earnings paid to a non-US citizen.
- Your business has a tax-deferred pension plan obtainable to a self-employed person.
- Your company is associated with estates, trusts, real estate investment channel, non-profit company, etc.
If your business does not fall under any of the above groups, you may still need to obtain an EIN if you want to start a business, a company checking account, put in an application for a loan from a bank, or by the Small Business Administration.
How to Obtain an EIN
Getting an EIN from the IRS is an easy and effortless process. First of all, you need to visit their webpage (irs.gov). There is a “most requested forms” area on the upper left-hand side. Click on form SS-4, which is the appeal for EIN. It is a PDF & typically you can fill it out in your browser. After filling it out, print it and mail or fax this form into the IRS. Also, start your order hassle free with ein-itin.com
Enter “online SS-4” in the search box of IRS if you want to apply online for an immediate EIN. Typically, the next catalog will be the online SS-4 page. If you want to get EIN fast, you need to follow the process.
What are incorporation services charging for an EIN?
Incorporating businesses can charge you a heavy service cost for getting an EIN or Federal Tax ID Number. Here is a list of incorporating service charges to have Employer Identification Number EIN.
Mostly incorporate companies charge $200 USD or more for non-US residents and you don’t have to pay overrated fees. EIN-ITIN.com also provides a Delaware Business Formation for $179 USD (No Hidden Price, No overrated fees for Non-US Residents)
Getting an EIN seems to be the smart thing to do. You can obtain it online immediately or fax in the form & get it fast. Another intelligent thought to do would be to establish a corporation or LLC. Limit your chances of identity theft & obtain your EIN from the IRS now for $65.