EIN Application Services: Getting Your Business Number

An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to identify your business for tax purposes. Also known as a Federal Tax Identification Number, an EIN is essential for most businesses operating in the United States.

Businesses need an EIN for various reasons. If you have employees, operate as a corporation or partnership, file certain tax returns, or withhold taxes on income paid to non-resident aliens, you need an EIN. Even sole proprietors often obtain an EIN to separate personal and business finances and protect their Social Security Number.

The EIN application process is straightforward but requires accurate information. You can apply online through the IRS website, by fax, or by mail. The online application provides an EIN immediately, while other methods take longer. The application requires information about your business structure, responsible party, and reason for applying.

Common EIN application issues include selecting the wrong entity type, providing incorrect responsible party information, and not understanding which businesses require an EIN. Jacob Tax Solutions helps businesses obtain their EIN quickly and correctly, ensuring you have the identification needed to operate legally and open business bank accounts.