Situations where you don’t need an EIN
In most cases, you are required to have an EIN, but in other cases, you don’t need to have one at all. As we said before, an EIN is used by the IRS – Internal Revenue Service to track some legal entities and tax responsibilities. Some types of businesses are not legally separated from their owners and don’t need an EIN. Before applying online, you should be sure if you need a tax ID for your business.
When is a tax ID needed?
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.
These two types of businesses don’t need to have it. However, as we have already mentioned it before, having it some has advantages even if it is not required.
Having an EIN online
EIN is beneficial when you put the name of the business, hire employees, establish a payroll, get special licenses and local permits, open a bank account and so on. The best and most comfortable and fastest way of applying it is the online platform.
Get it online and start growing your business ASAP.
Ein-itin.com is a brand of Cohen Investment LLC, act as a Certified Acceptance Agency. Ein-itin.com provides professional services to prepare and apply for an Individual Tax Identification Number (ITIN) to submit through IRS. As a Certified Acceptance agent , Ein-itin.com prepares and submits applications for an Individual Taxpayer Identification Number (“ITIN”) on behalf of their applicants. Ein-itin.com tracks the application processing and notifies ITIN Applicants for their ITIN Confirmations. Ein-itin.com understands the applicant situation, inform before the ITIN Application process. Ein-itin.com helps to applicant to apply for their ITIN in a convenient way to avoid mistakes and rejection for ITIN Application. Any individual may hire us to prepare, submit and obtain his or her ITIN Number (via W7 Form) application to the IRS.