EIN Application: Easy as 1–2–3

It has always been the responsibility of the government to pass bills and implement projects for the welfare of the people. It is their role to protect the rights of the citizens in all aspects of life. To do this, certain regulatory agencies are assigned to ensure that taxpayers do their jobs in paying their taxes. Businesses should also be identified as having a unique tax account which may or may not be separate from their personal transactions. The specific body assigned to do this is the Internal Revenue Service (IRS) and one way that they use to track all companies is through the Federal EIN number.

The Employer Identification Number makes sure that all employers and even those who have no employees have tax accounts for their businesses. It is like a social security number that is unique for a specific entity. For sole proprietors, they do not usually need to have this but once they hire someone or if they file a pension plan, then they are required to acquire one. Many people get confused whether they need it or not so make sure that you ask the aforementioned office. It is very easy to apply for a Federal EIN number. Here’s how.

Before, people were required to file the SS-4 Form. It contains a lot of questions regarding the owner, type, and operations of the business. Today, this can already be done online by simply visiting the website of IRS. Once there, you may download the ein number application form which is in an interview style format. If you do not have an internet connection, you may also use the telephone. Just dial the hotline and an assistance will be available to guide you in the process. You can be easily assigned a number as long as you give the necessary details. Do not be afraid because that person is authorized to ask for such information.

Another way to apply is through fax. If you are not in a hurry to obtain a number, you may use this method. The entire would usually take around 3–4 days so this is not advisable for businesses who need it urgently. A method that is longer than fax is that of by mail. It will take 4 weeks before you will get your Federal EIN number. The reason why these two methods take long is because you still have to fill out the Form SS-4 and give it back to the agency. The turn-around time may take too long depending on the circumstances.

As you may have noticed, there are several ways to apply for the number. It is not really difficult because you may choose whatever is convenient for you. You do not need to fall in line and it would only take a few minutes to answer the questions. If you are really determined to make sure that your business is accounted for, then choose one of the ways mentioned in this article and do it now.