How to Obtain an EIN in Illinois
To obtain your EIN in Illinois, complete an SS4 form and submit it to the IRS. Most people prefer using a company’s services for ease of form filling. You can apply online if your business is in the US.
Importance and Uses of EIN
You need an EIN if your LLC will have employees, open a bank account, or file tax returns. It serves as a Federal tax ID number, Employer Identification Number, or FEIN.
EIN Application Process and Cost
Applying for an EIN in Illinois is free – the IRS doesn’t charge. Basic details like name, address, phone number, and responsible party are required.
Additional Tax IDs and EIN Registration
You may need a state tax ID in addition to an EIN for various taxes. It is often confused with EIN but is a separate number.
FAQs on EIN
How much does an EIN cost in Illinois?
An EIN is a unique nine-digit number issued by the IRS to businesses like an Illinois LLC, known as the Federal Tax ID Number or Employer Identification Number (FEIN). It is free of charge.
How long does it take to get an EIN in Illinois?
You can get an EIN immediately by applying online. International applicants must call the specific non-toll-free number provided.
Obtaining an EIN in Illinois
Select your entity type and fill out the EIN Online Application form for your Illinois business. It’s fast and secure, and you’ll receive your EIN within 1-2 days.
EIN Application Tips
Apply for an EIN early enough to have it when needed for filing tax returns or making deposits. The EIN will never expire or duplicate, even if your business closes.
Application Process for International Applicants
If you are a foreign national and cannot apply online, print the SS4 form and fill it out accordingly.
Steps for Obtaining an EIN Number
- Determine if you need an EIN for your Illinois business.
- Wait for your LLC or Corporation to be officially registered.
- Collect necessary information and prepare your EIN application.
- Get your EIN Online.