November 22, 2017

How To Obtain an Employer Identification Number from the IRS

The Procedure for Setting Up an EIN with the IRS

When you set up a new business enterprise, unless you plan to operate as a sole proprietor, you must obtain a separate Employer Identification Number (EIN) from the Internal Revenue Service. Even if you set up a sole proprietorship, you may need to get an EIN, especially if you have employees or pay sales tax. An EIN (also known as a federal tax ID) is similar to a Social Security number, assigned solely to your business by the IRS, so that all income to your business can be tracked.

How To Get an EIN

There are a number of ways to get an Employer Identification Number. You can apply online at the Internal Revenue Service web site. You will walk through a form that asks certain questions, including your name, address and Social Security Number. If you provide the appropriate answers, you will get an EIN instantaneously. The web site also allows you to download, save and print confirmation of your EIN.

The Internal Revenue Service also has a hotline (1-800-829-4933) that you can call to immediately obtain an EIN. You can also request an Employer Identification Number by completing and submitting IRS form SS-4. Copies of this form are available on the IRS web site, or at any local IRS field office. When you file a hard copy request, though, it can take weeks or months to obtain your EIN.

It is important to understand that obtaining an EIN only registers your business with the federal government. You will also need to register with your state revenue agency, and will need to submit a separate application if your business will collect sales taxes.

Contact Our Office

At Halligan & Keaton, in Media, Pennsylvania, we have more than 60 years of combined legal experience. We provide a free initial consultation to every client. To discuss your estate planning needs with an experienced lawyer, call our office at 610-566-6030 or contact us online. We will travel to your home, a long-term care facility or the hospital to meet with you.