General Information on Hawaii Tax ID Numbers
Hawaii requires most businesses to obtain a state tax ID number, distinct from your federal tax ID number. Your federal tax ID number, also called an employer identification number (EIN), is needed if your business has multiple partners, hires employees, applies for various licenses/permits, or opens a bank account. However, Hawaii’s state tax ID number serves different purposes, like paying state taxes.
Steps to Get a Tax ID Number in Hawaii
There are important steps when getting a tax ID number in Hawaii. You’ll have to work directly with the IRS or a company experienced in this. Also, know what tax entity you’ll operate under – corporation needing a Corporation Tax ID, sole proprietorship, partnership, nonprofit, etc. If working directly with the IRS, you must fill out paperwork online/in-person. This takes time since the IRS reviews and accepts applications.
Obtaining and Using EIN for Your Hawaii Business
An EIN Number identifies your LLC to the IRS. You could also think of the EIN as your “account number” with the IRS. Note: An EIN is not issued by the Hawaii Department of Commerce and Consumer Affairs or the Secretary of State. It is only issued by the IRS.
Hawaii Tax ID Application Guide
This short Hawaii Tax ID Application Guide will walk you through the basic steps you need to follow to apply for your Tax ID (EIN) Number in Hawaii. This guide will help you learn what you need to know to obtain your official IRS Tax ID Number within minutes. Apply Online by Choosing Your Entity Type. Sole Proprietor / Individual.
Registering for Tax IDs and Licenses in Hawaii
All businesses must obtain a Hawaii Tax Identification Number (HI Tax ID) and all required tax licenses. Complete Form BB-1, State of Hawaii Basic Business Application, and pay a one-time $20 registration fee. Additional fees may apply depending on which tax licenses you need.
Important Information on EINs in Hawaii
An EIN number is a very important tool for businesses in Hawaii. By having an EIN number, you can take advantage of the many benefits it offers, such as reducing your tax liability and protecting your personal information. However, there are some things to keep in mind when applying for and using an EIN number in Hawaii. Make sure you follow all the restrictions and apply for your EIN number through the appropriate channels.
Obtaining a General Excise Tax License in Hawaii
Additionally, you must register for a General Excise Tax license in Hawaii if receiving income from virtually any business, like wholesaling, retailing, services, rentals etc.
Licensing Information in Hawaii
Businesses operating in Hawaii are required to register with the Department to obtain a license, permit, certificate registration, or exemption, (all generally referred to by the Department as a “license”). Licensing Information. The table below summarizes by type of license, who must register, the registration frequency, and associated fees.