How Long Does It Take to Get an EIN?
The process of obtaining an EIN can vary in time depending on the method of application. Here are some insights:
- Online submission through the IRS website takes about 5 minutes.
- Submitting Form SS-4 by mail or fax typically takes 3-4 weeks.
How to Apply for an EIN
To obtain an EIN, follow these steps:
- Choose a name for your LLC that complies with state regulations.
- Use the IRS website’s EIN Assistant for a quick and free application process.
Importance of an EIN
Understanding the significance of an Employer Identification Number (EIN) is crucial for all businesses. Here are some key points:
- An EIN is a nine-digit number assigned by the IRS to identify business entities.
- It is essential for federal tax payments, hiring employees, banking, and various licenses.
Obtaining an EIN Number
Here are some ways to swiftly acquire your EIN number:
- Apply online for immediate issuance.
- Alternatively, submit Form SS-4 by mail or fax.
EIN Renewal and Validity
An EIN never expires and remains the permanent Federal taxpayer identification number for the entity it is assigned to.
IRS Reverse EIN Lookup
If you need to retrieve your EIN, contact the Business & Specialty Tax Line at 800-829-4933.