Believe it or not, this is an extremely common question. Your EIN is your employment identification number and you can apply for this at any time regardless of how old you are. So, whether you are retired and looking to make your hobby into a job or recently graduated from college trying to form a business, you will need to fill out an application to receive your EIN or tax id number. By going to the website IRS-EIN-Tax-ID, you can fill out the application and see all the steps you would need to take to receive your tax id number.
After visiting their website, you would need to fill out an SS4 online form with the IRS to be able to obtain your EIN number. After you fill out the application and fill in all the information correctly, they will send you the tax id number or EIN safely and securely via email. It is just three simple steps:
- Select entity
- Enter information
- Review and submit
You need an EIN for several different things. Even if you recently took over an estate you would need an estate tax id number. If someone has passed and left money, properties, or any other assets, whoever is in charge of the estate would need to obtain an employment identification number. You would also need an EIN for other things such as:
- If you are a new business owner
- In the process of hiring employees
- Opened a bank account the requires one
- Created a pension plan, trust, LLC, partnership, etc.
- Changed the ownership of your company
If any of the above applies to you, then go to IRS-EIN-Tax-ID.com to fill out your application and even get the help of their experts to make the process stress free.