1. The Value Of EIN And
Federal Tax ID Numbers In
Your Business
FEDERAL TAX ID NEWS
Volume - 18, Issue – 5
IRSEIN.org

2. The Value Of EIN And Federal Tax ID Numbers In Your Business
Every business needs to get an Employer Identification Number (EIN)
or a Federal Tax ID number before it can think of starting its operations.
Issued by the IRS, the number is nothing but a social security number
for a business; that further establishes its legal status. Considered to be
absolutely essential, without this federal tax ID number no business
would be considered eligible to open a bank account. Moreover, any
business without an established EIN number is not even permitted to
legally hire an employee. And what’s more, in real time only the EIN
can be used to pass on any employee related information to the IRS.
Process for getting an Instant EIN number
Despite everything , the process to obtain an EIN is very quick and
simple when applied for online. The IRS with its interview style online
application also saves you from the hassle of filling up a tedious SS-4
application. Requiring one to just give answers to the questions put forth
by the IRS. And once all the validations are done from the side of the
IRS, an EIN number would be given out almost immediately.
The Process to get Federal Tax ID Number:
This applies to every such entity whose office or an agency, the principal
business or the legal residence is located either in the US or the
surrounding US territories. However, in order to become eligible for
receiving the online instant EIN number the principal officer or the
general partner must have a valid taxpayer identification number.
Entities needing an Employer ID number
Almost every business entity needs an employee identification number.
But for further clarification the IRS has demarcated the following
entities:
Limited liability company (LLC)
Corporation

3. Partnership
Sole Proprietorship
Are you ready to get an EIN number for your business?
Don’t waste your money; before you consider paying for a third party
service for a Federal Employer Id Number (most run over $100) and
running the risk of releasing your personal information to some
unknown website probably oversees. Let me show you a better way to
get a Tax Id Number. And don’t waste your valuable time searching all
over the internet by yourself to figure out the best way to apply for
an EIN number. The homework and research has already been done for
you. All you have to do is go to http://www.IrsEin.org and watch a free
step by step video and learn how to get your own IRS number for your
business within the next 15 minutes.
Other Related Articles -
 Federal Tax Number- Do You Need One?
 Answers To Common EIN Questions
 Federal Tax ID And State Tax ID Numbers For Your Business