Las Vegas Business Attorney
An employer identification number, referred to as an EIN, is a federal tax identification number used to help the Internal Revenue Service (IRS) identify your business as operating in the United States. When you apply for an EIN number, it then enables tax related actions to be conducted by business owners.
If you have any of the following, you need to apply and register for an EIN:
- You have a Keogh plan
- You withhold taxes on any revenue that is paid to a foreign alien, besides pay
- You file excise, tobacco, employment, alcohol, or firearms tax returns
- You are involved with a trust, estate, IRA, real estate mortgage investment conduit, farmers’ cooperative, plan administrator program, or non-profit
- You have workers
To apply for an EIN, you can mail in your application, go online, fax, or apply over the phone. Through the mail, it can take four days to process your application and then four weeks to get your actual EIN. When applying online, it can take only minutes and your EIN is sent to you within 24 hours of applying.
Mistakes can be made on your EIN application, and if that happens, you may choose to contact the IRS directly, though it may be time consuming and stressful. If you would rather, the IRS has an online aid to help with application mistakes and can help you to ensure that you’ve corrected them and completed your application. Having a seasoned attorney look over your application before submission can also help to ensure that mistakes don’t happen to begin with.
Such applications can be confusing and stressful. If you or someone you know is struggling with their EIN application or is in need of direction, contact Dobberstein Law Group to schedule a confidential consultation.