EIN (Employer Identification Number)
An EIN identifies a business entity. Businesses need an EIN to identify themselves to the IRS for tax purposes. You may apply for an EIN online at the IRS website. This free service offered by the IRS provides your EIN immediately. An EIN will never expire.
Getting an EIN
To get an EIN, apply online at the IRS website. Provide details on your business structure. After submitting the application, you will receive an email with your EIN. Use this number when registering your business. The EIN is required on business tax returns.
Some Purposes for an EIN
- Paying business taxes
- Opening a bank account
- Applying for business licenses
Information to Consider before Applying
- Business structure
- Tax filing requirements
- State registration steps
Common Users of EINs:
- Corporations
- Partnerships
- LLCs
- Employers
- Trusts & estates
Finding an Employer’s EIN:
- Check your W-2 form, Box b
- Search online filings like the company’s 10-K
- Contact the company directly
The EIN should only be used for business purposes, not personal. Once you have your EIN, keep it secure but handy for tax documents and other business filings.