A federal tax identification cardinal is a nine-digit cardinal acclimated by LLCs for tax filing and advertisement purposes. It is frequently alleged an employer identification cardinal (EIN).
Having an EIN is not necessarily appropriate by single-member LLCs, but it has abounding benefits:
APPLYING FOR AN EIN
Note that the affiliate applying for the EIN charge accept a accurate Taxpayer Identification Cardinal (TIN). This can be either a accurate U.S. Amusing Aegis Cardinal (SSN), an Individual Taxpayer Identification Cardinal (ITIN) for assertive associates who cannot access a SSN, or an already accustomed EIN.
You can access an EIN by applying for it on the IRS website actuality appliance the EIN Assistant.
If you are added adequate applying for the EIN by hand, download Anatomy SS-4, ample it out according to the Instructions for Anatomy SS-4, and either accelerate or fax the anatomy to the abode or fax cardinal listed on the Instructions.
If the business is a single-member LLC (owned by alone one person), again that sole affiliate will, by default, be admired as a “Disregarded entity”, so analysis “Other” on the area advantaged Blazon of Article on Anatomy SS-4 and address or blazon “Disregarded entity.”
Yet, you may be appropriate to book as a “Sole Proprietorship” if the business deals with sales of alcohol, tobacco, or own a bank business.
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