How Long Does it Take to Get an EIN?
According to a study conducted by the IRS, the average timeline for obtaining an EIN number is three weeks. The study found that most applications were processed within 15 days, and some applications were processed within just one day. However, there are cases where the process can take longer than four weeks, depending on the complexity of the application and other factors.
Application Methods and Timelines
You should apply for an EIN early enough to have your number when you need to file a return or make a deposit. You can get an EIN immediately by applying online. International applicants must call 267-941-1099 (Not a toll-free number). If you prefer, you can fax a completed Form SS-4 to the service center for your state, and they will respond with a return fax in about one week.
Importance of EIN for Businesses
When you decide to open a business, one of the first things you must do is get an Employer Identification Number. This is commonly referred to as an EIN, but you might have also heard it being called a Tax ID number or a Federal Employer Identification Number (FEIN). Either way, they are very important to your business for legal and tax purposes.
What is an EIN?
An EIN is an acronym that stands for “Employer Identification Number,” and it is a unique nine-digit number used to identify a business for tax purposes through the Internal Revenue Service (IRS). An EIN goes by more than one name, and you may also have heard it referred to as a “Tax ID number” or “Federal Employer Identification Number”.
Verification and Confirmation
The only way to get an EIN Verification Letter (147C) is to call the IRS at 1-800-829-4933. For security reasons, the IRS will never send anything by email. Instead, the IRS will send you an EIN Verification Letter (147C) two ways: by mail.
Application Tips and Processes
To verify your EIN, you can contact the IRS’ dedicated department for these tax-related issues at (800)829-4933 during their operating hours. If you submit an SS-4 form with incomplete information, the issuance of your EIN number could be delayed. In order to get your EIN quickly, you need to accurately fill out the entire SS-4 form.