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Who Needs A Tax ID Number

Who Needs A Tax ID Number 8/31/2011 12:00 AM "Ebay Home Business".

Who Needs A Tax ID Number?

Obtaining a tax identification number might at first seem difficult, however, a tax-id-number.info professional can get one for you within hours of ordering especially if you order an EIN federal tax ID number. 

However, note that a tax ID number is not just one number. 


Legally, you are legally required to get a federal tax ID if you are a partnership, an employer, or a corprate entity.  You are required to get a sales tax id number if you sell taxable merchandise.  You are required to get a state and federal EIN if you are an employer and finally you are required to get a business tax registration ID license if you do any actvity for profit that is you are a busines operating for profit.

What is a Tax Identification Number?

There is a federal tax identification number issued by the federal government, a state sales tax identification number issued by the state, a state employer tax identification number issued by the state, a universal business tax identification number issued by the state and a business tax registration number issued by the government.

A Federal Tax Identification Number (Tax ID Number), is also called an Employer Identification Number (EIN), is a nine digit number in the format “20-3456789” that is issued to businesses by the Internal Revenue Service (IRS). In most cases, every company operating in any of the 50 U.S. states is required to get one whether it is a 500 fortune company or a small store down the street.

Even though a federal tax ID was originally required only for withholding federal employment taxes, it is now like a social security number for an individual - except it is for businesses. These days most business owners have more than one business.  The way to keep them separate is to get a different EIN for each one. The sales tax ID number is a number you need if you sell taxable merchandise.  The state EIN is an Employer Identification Number.  The universal state business tax  ID is issued as an ID for most businesses that have taxable transactions and or are corporations.  The business tax ID registration is a business tax receipt number all businesses must obtain.

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Who Needs a Tax Identification Number?

Even if you are as a sole-proprietorship or general partnership, you may need to obtain a Tax ID. For the most part, you need a Tax ID if:

Your business has employees.

You withhold taxes on independent contractor income.

If your business is operating as a Corporation, Limited-Liability Company,  LLC or you are a partnership.

If your business is has an IRAs, is a non-profit, an REITs, an estates, a plan administrators or a farmers’ cooperative.

In fact if you do not want your social security number you can obtain a federal EIN and use it on applications pertaining to your business.
When selecting the closing month of your accounting year, the closing month should be “December” but you can choose any month -- ask your accountant.

Once you have received your EIN, make sure to write it down but you will receive a pdf with out email when we get it for you.



What Other Entities or Who Other Than The IRS Uses My Tax Identification Number?

In addition to the federal government, your state, local government, creditors, banks and merchandise and equipment suppliers, might too. If you are anything other than a sole owner without employees, you will need to have a Tax ID number before you open a bank account, hire employees, pay payroll taxes or  apply for a  business license!


When Can I Get a Tax Identification Number?

As soon as you decide to start a business and you are a sole-proprietorship or general partnership, you can apply for a Tax ID anytime. However if you are setting up or forming a corporation or LLC, you need to wait until you have a filed stamped certificate and it has have been approved in your state and you have received an official organization date from whatever state you’re forming your business entity in.


What Information Do I Need To Obtain a Tax Identification Number?

Here are the pieces of information you might need:

  • Business address.
  • Name of the principal officer, manager or owner.
  • LLC number of members.
  • Type of business and activity.
  • Date the business was started.
  • Closing month of your fiscal year.
  • Number of employees.

If you already have the info above, you can apply for a Tax ID. We apply using IRS form SS-4 (Application for Employer Identification Number) and we can mail it in, but this can take some time so we usually file it electronically for you and obtain it on the same day you order it so long as it is a week day during business hours.


What If I Want To Change My Federal Tax ID Number In The Future?

The IRS wants you to keep the same number unless you form new and multiple companies.

However, you will not be required to file for a new tax identification number if:

  • There is a change in the name of your business.
  • You are an LLC and it is legally terminated under IRC section 708(b)(1)(B) and you setu up another corporation or LLC automatically.
  • Your partnership (or LLC) is taken over by one of the partners and, since it is run by only one person, is therefore considered a sole-proprietorship.
  • You purchase an existing business which you plan to operate as a sole-proprietorship.
  • You are a subsidiary of an incorporated entity.
  • You change entity types, or become a sole-proprietorship.

When Do I Need a Sales Tax Identification Number?

You need it when you start selling merchandise that is taxable.  For example, you start an aBay business online, you need a seller's pemrit also called a sales tax ID to charge taxes for in-state sales. Then, you need to pay them quarterly to the state government unit that collects sales taxes from businesses.  A sales tax ID number is also called a seller's permit.

When Do I Need an Employer Tax Identification Number?

An employer ID can be a federal tax ID or a state tax ID.  Both are employer identification number called EINs.  You will need it when you hire employees or you will pay employment taxes.

When Do I Need a Universal Tax ID Number?

Some states, in addition to a state ID, they also issue a Universal Tax ID.  So, for example, you apply for a sales tax ID and you get both a sales tax ID and a Universal Tax ID to identify your business with by the state.  Some states use your Federal Tax ID to identify you for state universal ID.

When Do I Need A Business Tax ID Registration?

A business tax ID is required for all businesses. It is different from a federal tax ID, a Sales Tax ID, or a State Employer EIN.  A business tax ID is based on your gross business income, employee number and or location as well as the type of business you operate.  It also called an occupation tax receipt, occupational license or business permit license.  Note that in addition to a business tax ID, you may need a trade business name registration if you use a name other than your legal name to do business.

A tax ID number online on this site.
Asked on: 5/30/2017 5:51 PM
By:  
I'm looking for information about licenses And I want to know which license I need to have to sell shoes I'm Looking to start a Hookah Catering Business in TN Trying to sell food outdoors in a cart and looking for the right steps in order to do that.



Probably need to start a LLC since I have one other partner. How much is a sellers permit and how do I obtain one So how much am I paying for my EIN, business license and permit I need a business license for a mobile massage business in DC Is there someone that I can talk to on the phone I have a tax id# and license in California to be able to open a dispensary.



Would it something I can sell Hi I'm trying to get a dba number for my electrical business.. can u help I would like to start a business of selling hair products. I just registered my DBA name in Lake County Indiana Can my business address be my home address ? How did you answer my question before I finished typing it?





Not a service. I want to sell products Ok. I will come back in a few minutes. Let me look at the links you sent Just researching. I'm not sure if I need to take this step just yet.\ I am thinking about selling my paintings. this is not a commercial painting company; just me painting on canvases thinking about selling them Is it just a business license or would it be like a contractor license I am the only person working.



I have no employees but I do have liability insurance Here's another question. My husband and I have a construction company. Would I be able to Dba from that?



i just started a company, LLC,in houston texas and I'm wondering if i need to carry any license or permit ok, for seller's permit, is that a permit for me to buy and sell in US or just Texas?
5/30/2017 5:51 PM
 
Asked on: 5/30/2017 5:51 PM
By:  
I need business license,sellers permit tax id i live in kansas. what do I need to start out? regarding licenses? i plan on wholesaling houses okay great, where do i do all that?



I need a temporary business license for Deming festival I'm starting a company in Idaho but want to file under a DBA what do I need to file to get started DBA.business license ein.?



I have a name that has nothing to do with the other company just the services are the same I just want to work under them for one year i want to have permit for a food truck in wilkes barre.
5/30/2017 5:51 PM
 
Asked on: 5/30/2017 5:49 PM
By:  
how do I order just seller permit, state tax and federal tax id does a seller permit only suffice if i want to become a seller?



I'm in Michigan and I want to have a room and board housing unit, what are my first steps Is this site a part of the state of michigan will this license allow me to operate a room and board in other counties or just the county.



I register as living in Hi I live in Florida and i would like to buy from wholesale merchants in new york
5/30/2017 5:49 PM
Click on "Get Tax IDs," and submit your business info. Then select state and then select seller permit, state tax and federal tax id
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