Frequently Asked Questions about EIN and ITIN

An Employer Identification Number (EIN) also known as Federal Tax Identification Number, is utilized to recognize a business entity. In principle, every company requires an EIN. EINs are issued with the purpose of tax transactions and are not expected to support other transactions. (e.g., tax lien closeout or deals, lotteries, and so forth.)

Because of a high volume of solicitations for EINs, the IRS will start restricting the quantity of EINs doled out every day to a capable gathering. Effective April 11, 2011, a responsible party was restricted by the IRS to 1 EIN in one business day. This applies to all form of application, including the application on the web, by telephone, fax, or mail.

We can’t process your application on the web if the responsible party is an element with an EIN already acquired through the web.

There is a high chance that you will require an EIN if you reply “Yes” to the following questions.

1. Do you have employees?
2. Do you work your business as an enterprise or association?
3. Do you record any of these assessment forms: Employment, Excise, or Alcohol, Tobacco, and Firearms?
4. Do you withhold charges on salary, other than compensation, paid to a non-inhabitant outsider?
5. Do you have a Keogh plan?
6. Is it true that you are included with any of the accompanying kinds of associations?
7. Estates

1. Trusts, with the exception of certain grantor-possessed revocable trusts, IRAs, Exempt Organization Business Income Tax Returns
2. Estates
3. Real estate mortgage investment conduits
4. Non-profit organizations
5. Ranchers’ cooperatives
6. Plan heads

We offer a rush delivery in which one of our operators will acquire your EIN from the IRS for your benefit in 2-3 business days. Our other alternative is Standard Delivery that lasts for 45 business days.

1. You can visit our Contact page and complete the form. You can email us at info@ein-itin.com or you can call us at +1 302 402 5557

Monday through Friday 9 am-5 pm CST. We are closed on all major Holidays. Regardless we acknowledge new online requests outside of our regular business hours.

Of course! We take pride in keeping your information secure and safe.

A Tax ID Number and an EIN are one in the same. An EIN is an Employer Identification Number. A TIN is a Tax Identification Number. A FEIN is a Federal Employer Identification Number. These are simply substitute names for a Federal Tax ID.

After you finish the online application one of our specialists will begin applying for your new Tax ID Number from the IRS.

Anybody!

A Certificate of Incumbency is a document that essentially assigns signatory powers to other individuals. It proves that a particular individual is authorized to enact legally binding transactions on behalf of a company. The difference between Certificate of Incumbency and Certificate of Formation lies in their approving body. Certificate of Formation is a document accepted and approved by the State itself. On the other hand, the Certificate of Incumbency is the one that is accepted and approved by the Notary of Delaware.

On the Certificate of Incumbency, you may write down:

– Company owners’ names,

– Shareholders,

– Interest rates,

– Address of the company,

– The local address,

If you need help with preparing a Certificate of Incumbency, we can assist you in preparing one.

Do you have a company incorporated in Delaware and want to do business in other U.S. states? Or, do you have a company in another state and want to enter the Delaware market? In short, if you want to conduct your business in states other than the one your company is incorporated in, you should consider applying for “Foreign Qualification.”

If you wish to register your business in a state in which your business is considered to be “alien”, you need tp get a Certificate of Registration (or Certificate of Authority) at the end of the registering process. With this registration, you will be able to protect your business according to the state that you run your business. For instance, by registering your Delaware-based business to California, you will be able to protect your business within the borders of Delaware General Corporate Law and legally conduct your business in California by the local legislation.

Moreover, you need to have the Certificate of Registration when you want to open a bank account in the state the company is operating.

Do you have questions regarding the Foreign Qualification? Please feel free to contact us!

An operating agreement is a crucial document that is used and required by limited companies to set out the financial and functional decisions of the business including in-house rules, regulations, and provisions. The purpose of the document is basically to manage the internal operation of the company to suit the specific requirements of the owners.

First of all, it is a legal document which means that it would lead to certain legal implications in an event of a conflict. Although most states do not require an operating agreement – still we highly recommend it for multi-member LLCs since it structures the finances and organization of the LLC-, it is mandatory in Delaware State of the USA.

It regulates; Organization, Management and Voting, Capital Contributions, Distributions, Membership Changes, and Dissolution.

• Organization: The first part of the operating contract is related to the establishment of the company. It covers when the company was founded, who the members are, and the ownership structure. If there is more than one member, they may all be equal ownership or a different amount of “ownership units”

• Management and Voting: This section discusses how the company is managed and how members vote. It is the case that the company may be managed by one of the members appointed by the members. The operating agreement determines what authority the members have on the company affairs. The decisions may be made through a voting process among the members. The operating agreement may determine the number of votes required by the company for certain actions.

• Capital Contributions: This part is about the money given by the members to start the Limited Liability Company. It covers which members have given the money to establish the company. It also covers how the members will raise extra money.
• Distributions: This part shows how the company’s profits and losses are shared among the members. This money may include physical property or other commercial assets.

• Membership Changes: This part is totally about the process of adding or removing members. It covers what might happen in the case of the transfer of company ownership. For instance, the company determines what happens if a member dies or goes bankrupt etc.

• Dissolution: In this part of the operating agreement, explain in which situations the company should be dissolved. This is sometimes called “wind up”.

Delaware LLCs are the most well-known company type in Delaware and they are probably one of the most flexible types of business types that you can encounter anywhere in the world due to the legal protection and flexibility that provide to their owners. Whether you are a single entrepreneur or a family business, or a partnership with many members, LLCs fit into any situation to start a business.

In short, LLC is the abbreviation for Limited Liability Company; which, as the name suggests, burdens the owner(s) of a company with limited liability both financially and administratively. Unlike a corporation, the members of an LLC have the freedom to attain the roles, responsibilities, and liabilities of the single members of the company. Through the Operating Agreement which is written and signed by the members of the LLC, the owners of the company can determine their respective roles.

The main feature of an LLC is that the members of an LLC are not required to publicly disclose any personal information to form and maintain their companies. In addition, this privacy can save resources and time if the company decides to add, drop, or transfer members to or from the company in the future. In conclusion, when you start an LLC in Delaware, your information is kept confidential, and you do not have to state who started the business. Accordingly, you don’t have to give information about the other members. However, this may sometimes create problems, especially when you need to state who the owner of your company is.

Proof

To remedy this, the above-mentioned “Operating  Agreement” which includes the regulations about the authority, shares, and liabilities comes into play. As all members should sign this agreement,  you can use this agreement if you need to prove you are a member/owner of this company. Accordingly, there should also be a membership certificate for each member of the company. You can also provide this certificate when needed. This certificate usually states the shares, number of stock shares, and the liabilities of a member.

Do you have any further questions? Feel free to contact us!

All kinds of businesses without looking at their size and the number of employees must get an EIN.

The IRS makes it obligatory to have an EIN if you have employees, are a part of Keogh’s plan. Involved with trusts, estates, NGOs, farmers’ cooperatives, file tax returns for alcohol, employment, excise, firearms and tobacco. If you intend on opening a business bank account, you are required to have one.

Each type of business has some tax responsibilities, but its ways depend on the kind of business. Even if there is no need to have it in some cases, it has some advantages to get a Tax ID.

How to scan Passport and Visa for ITIN Applications?

– You need to apply for an ITIN with your current/valid
– If you have any old passport, please upload it, too.
– The resolution of your passport must be at the highest level.
– The passport scan must be in actual size.
– Your passport’s top and bottom page must be shown, as shown in the picture below.
– The ITIN Office does not accept the faded copy, your passport must be clear and easy to understand.
– As shown below, your passport must be on the top of the page and your picture below.
– Your passport scan must be
– Please, do not forget to save your passport scan as a .pdf file.
– You need to send us the .pdf copy of your passport scan.

You can only apply for ITIN if you do not have an SSN and without an SSN (Social Security Number) qualification.

– With our professional team, you do not have to contact to IRS directly. We will expedite your application to get your ITIN application faster.
– You do not have to send us your original documents such as a passport that may get lost. We will verify them.
– We will be in the process of any necessary revisions required from the IRS so you do not have to follow-up the entire process.

• You need to file a tax return,
• You are a spouse or a dependent child, who is not a U.S. citizen or resident, of a U.S. taxpayer,
• You have any sort of U.S. trade or business or effectively connected income in the USA, for example; you own a rental property that you are renting out.
• You own a business, or you are processing credit cards,
• You have any sort of tax filing obligation in the USA.

Your ITIN expire s, if;
– Your ITIN has not been used on a federal tax return at least once in three
consecutive years,
– Additionally, all ITIN’s issued before 2013 with middle digits of 83, 84, 85, 86,
or 87 (Example: (9XX-83-XXXX) expired at the end of the 2019.feder

If you have a bank account in the US and want to transfer your money, there are several options for you. ACH transfer or Electronic Funds Transfer (EFT), PayPal, Western Union, TransferWise.

A virtual business address is a real street address at a mail center. Or in a prestigious office building location where you elect to receive your business mail and packages.

A business address is a physical address that companies use to conduct business.

U.S Sim Card

We provide a U.S. phone number for our valued clients. International coverage in 200+ destinations.

Those who form their businesses, trusts, NGO’s and other organizations, are required to fill out the SS – 4 form. It is the form used for applying for an Employee Identification Number – EIN. The EIN is used for tax filing and reporting purposes.

Which documents do you have to provide for ITIN?

– Correctly completed an application form on our website.
– A valid passport copy and scanned. (We are a Certified Agency, and you do not have to send your real passport to us)
– A compelling reason to get an ITIN.

If you have an EIN, it shows that you have a company and are doing business. It shows that you have the right to sign checks, send payments and control the finances of that organization. Many banks look for proof of ownership in your company. This begins with a separate EIN. Some banks may require other documents like a business license and so on. You must provide the official name of your business, DBA – doing business as a moniker as well as the address of your business.

You can fill our application form and start your EIN process right now!

An Employer Identification Number (EIN) — also called a Federal Tax Identification Number is the number to identify what you are doing as a company in the US and track all paths of the company. It permits you to conduct tax-related business and so on in the US.

If you are planning to close your business, you may be curious about the important processes regarding it. One of these things you want to do can be canceling your EIN. But, is cancelling an EIN even possible and how to cancel your EIN? In this post, we are going to be discussing this topic in detail.

Can You Cancel an EIN Number?

Once an EIN is assigned to a business by the IRS, it is permanent and cannot be canceled. The IRS does not offer an option to cancel or delete an EIN from their records. However, if your business is no longer operating and you no longer need the EIN, you can request to deactivate it. Deactivating an EIN is essentially the same as canceling it, as it ensures that the EIN will no longer be used for business tax purposes.

It’s important to note that the EIN itself doesn’t go away completely. It remains in the IRS records for identification purposes. But deactivating it prevents any future misuse or confusion with tax filings and IRS communications. Keep in mind that just because you cannot cancel the EIN doesn’t mean that you won’t be able to close down your business properly. There’s still a structured process in place for deactivating an EIN, which we will discuss in detail in the following sections.

Why Deactivate an EIN Number?

There are various reasons why you might want to deactivate an EIN. First and foremost, if your business has closed or you’ve ceased operations, it’s important to deactivate your EIN to keep your records in order. Deactivating the EIN ensures that the IRS knows your business is no longer active and prevents any further tax filings or notifications related to your business.

For example, if you’ve decided to dissolve your business or your business has been inactive for an extended period, you should deactivate the EIN to prevent confusion with future filings. If you fail to deactivate the EIN, it might create problems down the road when dealing with taxes or future business dealings. Keeping your EIN active for a business that is no longer operational can also leave you liable for certain taxes or fees that might otherwise be avoided.

How to Deactivate an EIN Number?

Deactivating your EIN is a relatively straightforward process, though it does require a bit of paperwork and communication with the IRS. To deactivate your EIN, you must send a formal letter to the IRS. This letter should include essential information such as your business name, EIN, business address, and the EIN assignment notice (if available). Additionally, you must clearly state why you want to deactivate the EIN (i.e., your business has closed, or it’s no longer operational). Then, you should send the letter to the IRS. There are two IRS addresses where you can send your deactivation request:

• Internal Revenue Service MS 6055 Kansas City, MO 64108
• Internal Revenue Service MS 6273 Ogden, UT 84201

Be sure to check with the IRS before sending your letter, as the addresses may change from time to time.

Lastly, wait for confirmation. After sending the letter, the IRS will process your request and deactivate the EIN. The processing time may take several weeks, so be patient during this period. Once the deactivation is completed, you should receive confirmation from the IRS. At this point, the EIN will be officially deactivated, and it will no longer be tied to an active business.

Remember to File All Necessary Tax Returns Before the Deactivation

Before requesting the deactivation of your EIN, it’s crucial to ensure that all tax obligations have been fulfilled. If you’ve made tax payments, owe business taxes, or received a notice to file a tax return, you must file all outstanding tax returns and pay any taxes owed before the IRS can process your EIN deactivation.

Filing all the necessary returns is an essential step in properly closing your business with the IRS. This includes filing returns for income taxes, payroll taxes, and any other applicable taxes. If you have employees or independent contractors, you’ll also need to report final wages and payments.

Do I Have to Tell the IRS That I Have Closed My Business?

It’s your responsibility to inform the IRS that you’ve closed your business. Simply deactivating your EIN won’t automatically let the IRS know that your business has ceased operations. You must notify the IRS to close your IRS business account properly.

This is important because if the IRS doesn’t know your business is closed, they may continue to send you notices related to tax filings or business activities. By officially notifying the IRS, you’re preventing unnecessary correspondence and ensuring your business records are updated accordingly. The notification should be included in the letter you send to deactivate your EIN.

Important Steps When Closing a Business Regarding Taxes

Closing a business properly involves more than just deactivating your EIN. The IRS requires business owners to follow specific steps to close their business account and avoid future tax issues. You should take care of your employees’ wages and pay all the taxes you owe. Moreover, make sure to file a final return and report payments to contractors. Deactivating your EIN, closing your IRS business account and keeping your records are among the other important steps.

Other Important Steps of Closing a Business

While handling taxes and deactivating your EIN is a crucial part of closing a business, there are other important steps to take when winding down your business. Firstly, make sure that your decision about closing the business is certain. Also, file dissolution documents and remember to cancel things like registrations and licenses. During the process of closing your business, comply with employment and labor laws and don’t forget to resolve all financial obligations.

Contact Us for Getting Help About EIN

Deactivating your EIN while closing your business can seem like a hard thing. But with the right steps, you can go through this process in a quite simple manner. Contact us if you have questions about this process. Also, you can use our services if you are planning to get an EIN number.

You will need a new EIN usually for:
– Changing Entity
– Bankruptcy
– Having a new charter as a corporation

As it has already known that some changes have done in big businesses’ tax rates, there are a few critical changes that equate to big wins for them as well. However, to benefit from these deductions from taxes, businesses and companies must first apply for an EIN.

No, but you need to renew your EIN when your business changes hands or restructures, or changes its name, address, type and some changes like these, you are in need to submit a new tax ID application.

What you can do with an EIN number is one of the questions asked by people who want to apply for an EIN. Based on our expertise, we can also provide valuable answers to what you can do with an EIN number.

People who want to open a company in the USA must have a 9-digit number called EIN. In this way, tax transactions can also be carried out, as some material transactions will be made. In other words, EIN is almost an SSN of USA companies. In light of this information, we will share the most valuable answers to what you can do with an EIN number.

What Is EIN and What You Can Do with an EIN Number?

Before answering the question, “what can EIN be used for” let’s find out what this number is. EIN is short for Employer Identification Number. This number aims to establish a company that will operate commercially in the USA. You need this number to set up both LLC and a corporation.

As ein-itin.com, we provide services such as “EIN number application online,” enabling you to apply from your country of residence. This way, you are taking one of the first steps towards opening a USA-based company.

Coming to the question of what you can do with an EIN number, you need to know that EIN is a number that meets many legal and official requirements of a company. Let’s look at the question about what you can do with an EIN number.

What You Can Do with an EIN Number?

We can answer the question what to do with my EIN number with the items listed below:

• Thanks to the EIN, you can apply for a loan from USA banks for your company.
• An EIN is also required for tax payments.
• EIN can also be used to issue credit cards from banks on behalf of your company.
• You also need an EIN to recruit employees for your company.

What Can I Use My EIN Number for?

“What can you do with an EIN number?” If we could find answers to such questions, we would like to take a closer look at why EIN is necessary. EIN is a kind of social security number of your company. People who want to establish a company in the USA can apply for an EIN and carry out some of the company’s financial affairs.

Here’s what you can do with your EIN:

• EIN is the tax identification number of companies such as LLCs. Therefore, you must obtain an EIN when making financial decisions regarding the company.
• Thanks to EIN, you can open a bank account in your company’s name.
• You can request a loan for your company with your Employer ID number.
• You must also have an EIN when hiring employees for the company.
• All tax transactions of companies such as LLCs are carried out thanks to EIN. The IRS already states that companies providing services in the USA must have an EIN.

So, in short, EIN is an important number for your company. People who want to establish a company in the USA must also apply for an EIN after opening a company.

What Can I Do My New EIN Number?

“What can you do with an EIN number?” Questions like these are frequently asked by people who are going to open a company in the USA for the first time. For example, people residing in a country other than the USA and opening a company in the USA must obtain an EIN. Therefore, people who will do this transaction for the first time can ask the question “What can you do with an EIN number?”

Obtaining an EIN makes it possible to carry out many financial transactions regarding your company. For example, to request a credit card on behalf of your company, you must obtain an EIN. Likewise, you must have an EIN in order to open a bank account in the name of the company.

At ein-itin.com, we offer the services required for both EIN and ITIN. You can easily apply for EIN through our company, especially with ITIN or SSN. In addition, you can contact us for all your questions about EIN applications and usage. Our company also provides you with consultancy and information services that will always be necessary in this field.

Why Do I Need a Tax ID Number for My Business?

It is also possible to answer the question of what you can do with an EIN number regarding Tax ID. EIN is a kind of SSN or Tax ID of the company. In other words, with the EIN, you can ensure that your company is included in the tax system. After all, EIN is also defined as Federal Identification Number.

Can I Use My EIN to Get a Loan?

With the EIN, applying for the loan you need for your company is possible. USA banks evaluate loan or credit card applications for companies together with the EIN. In short, if you want to get a loan on behalf of the company, you will need an EIN.

You can contact us to get more detailed information about EIN and find different answers to what you can do with an EIN number.

After you officially open your business, there will be several times where you will need to have an EIN. It would help if you had it as soon as possible.

If you have a sole proprietorship or single-member LLCs without any employees, you may, of course, use your social security number instead of an EIN or tax ID.

Some types of businesses are not legally separated from their owners thus don’t need an EIN.

Self-employed tax duties and responsibilities are much more than what the standard employee has. In addition to personal income taxes, the Self Employment (SE) fee must be paid. SE does include the cost of social security and medicare.

Filing a W-7 Form is necessary to apply for an ITIN. An ITIN is a nine-digit number used for only tax purposes issued by the US Internal Revenue Service (IRS).

Yes, but IRS forms are very complicated and confusing. You may not know how to fill out the ITIN form or which documents you need to submit. Filling out the ITIN form incorrectly may result in delay or even rejection of the application.

If you need an expert on this complicated process, here our ITIN application page!

YES, you can ONLY apply for ITIN if you do not have an SSN and without an SSN (Social Security Number) qualification.

Apply for ITIN at here.

• Deciding Business Type
• Location of the Business Registration
• Getting a Registered Agent
• Registering Business
• Getting EIN
• Getting a US mailing address if applicable
• Opening a US business bank account
• Getting an ITIN if applicable
• Paying annual fees on time to maintain the company

Bank Account Requirements:

• Proof of Address
• SSN or ITIN Number
• ID for US Residents, Passport for non-US Residents

As a non-Resident, you can get apply for a Business Bank Account without visiting the states!

• Company Formation
• Obtaining Employer Identification Number (EIN)
• US Bank Account
• US Phone Number

You need to update your business address with the Internal Revenue Service (IRS). Also let the IRS know if there are any changes to your company’s responsible party on your Employer Identification Number (EIN).

We can get you a unique address for the price of only $99!

U.S. residents can file taxes without a U.S. company with SSN on the other hand, Non-U.S. residents need an ITIN.

If you need an ITIN don’t worry, with us, ITIN process is easy.

LLC/INC can have a new EIN for every new business. There is no limit.

You can as well get your EIN with us in the shortest time!

Sole Proprietors can issue only one EIN.

You need a registered agent if you are a Non-US resident. U.S. residents can be their own registered agent as long as they have a physical street address.

Let our experienced registered agents shape your companies legal status for everyone’s good

The deadline for LLC’s is June 1st and March 1st is for INC’s.

To find out more about Delaware Franchise Tax you can visit this link.

Franchise Tax is the fee required by the State of Delaware in order to keep your company’s good standing status.

IRS process all the applications.
EIN 1-6 weeks
ITIN 6-14 weeks.
Process time may be change due to the covid-19 pandemic.

10 major forms and schedules you should have a look at before you start. Form 1040 and Form 1040-SR, Schedule A, Schedule B, Schedule C, Schedule D, W-2, Form 1098, Form 1099, Form 1040X, Form 4868.

As an individual, you might not need to file a federal income tax return if your income is below a certain amount. LLCs and INCs have to file, even if there is no income or business activity for the
tax year.

Do you need a trusted consultant on your side? Check out our services!

You have to contact the IRS and question your EIN’s status.

You can get your EIN for $65 at here

An EIN does not expire and is unique to your business. Once an EIN has been given to an entity, it will never be reissued or renewed.

You can get your EIN for $65 at here

EIN stands for Employer Identification Number. It is issued by the Internal Revenue Service (IRS). A business needs an EIN to file business tax returns and pay employees. An EIN does not expire and is unique to your business. Once an EIN has been given to an entity, it will never be issued again. However, the business registered to a specific EIN can die.

You can contact with IRS and question your EIN’s status. Please keep in mind that EIN is permanent and IRS cannot cancel EIN’s but the business associated with EIN can be closed.

As an individual, you might not need to file a federal income tax return if your income is below a certain amount. However, you need to file a tax return to claim a refundable tax credit or a refund for withheld income tax. You can visit IRS website and find out if you need to file a tax return or not.

LLCs and INCs are to pay franchise tax, even if there is not any income for the tax year. The deadline for LLCs is June 1st and March 1st for INCs.

Federal Income Tax deadline is the second week of April for LLCs and the second week of March for INCs.

If the net profit is below $400 per year, there is no need to file a federal income tax return. However, there is an obligation to pay the franchise tax. Tax liability begins one year after the established year for both kind of taxes.

For example, if your company was founded in 2019, the company’s liability starts in 2020 for both franchise tax and federal tax.

Do you need an experienced registered agent for your taxes? Reach us or send an e-mail to info@ein-itin.com and let’s discuss your companies situation on tax liability.

If you ask Google or the IRS website for a list of all IRS forms which are required to file your taxes, you will get a huge list of forms. That will confuse you and it can scare you as well.

Good news! You do not need to worry about filing your taxes at all. ein-itin.com tax experts will look at your documents and walk you through the process step by step.

10 major IRS forms and schedules you should have a look at before you start filing your taxes.

Form 1040 and Form 1040-SR

Schedule A

Schedule B

Schedule C

Schedule D

W-2

Form 1098

Form 1099

Form 1040X

Form 4868

In United States business law, a registered agent, also known as a resident agent or statutory agent, is a business or individual designated to receive service of process when a business entity is a party in a legal action.

A registered agent is a responsible third-party in the same state as the business, the registered agent can be in contact with Secretary of State or other official government departments on behalf of the INC or LLC when it is needed.

You will need a registered agent if you are a Non-US resident.

If you are a US resident, you can be your own registered agent as long as you know what to do.

Consult one of our experienced resident agents at info@ein-itin.com