![]() ![]() While having an EIN doesn't mean you won't be the target of identity theft, it can provide an extra layer of protection, as you will be providing your Social Security number less frequently. Using an EIN instead of your Social Security number can help deter identity theft.You may also find you need an EIN to apply for certain business permits.Depending on your bank, you may need an EIN to open a bank account for your business.When might this be helpful? If you're a freelancer or an independent contractor, you probably find yourself providing your Social Security number to clients on a fairly regular basis. An EIN gives you more privacy, as you can use your EIN instead of your Social Security number on documents.Other reasons to apply for an EINĮven though you may not be required by the IRS to apply for an EIN, there are still a few reasons why you may decide to get one anyway. Otherwise, you can continue using your Social Security number with the IRS. You are required to file a federal Employment tax return, Excise tax return, or Alcohol, Tobacco, and Firearms tax return.If you have employees (or plan on hiring employees over the next 12 months).If you are a sole proprietor, you will only need to apply for an EIN: However, if you know the business name, it might be easier to find the information that way. If you have a business EIN, there are ways you can look up information about that company. Instead, you can use your Social Security number when filing your business's federal tax returns. Each business and nonprofit applies for an employer identification number, or EIN, which helps with filing taxes. If your business is a single-member LLC with no employees (and with no plans to hire any employees over the next 12 months), you do not have a Keogh plan, and you are not required to file any of the federal tax returns mentioned in the Do I Need an EIN? list above, you will not need to apply for an EIN. A single-member LLC that has elected to be taxed as a corporation.If your business is an LLC, you will need an EIN if your business is:Ī single-member LLC with employees (or you plan to hire employees at any time over the next 12 months) You will need the EIN even if your corporation or partnership doesn't have any employees. Filing ID refers to the identification number assigned to the business entity by the Secretary of States Office. You are involved with any of the following entities: trusts, estates, real estate mortgage investment conduits, nonprofit organizations, farmers' cooperatives, or plan administratorsĪs noted above, if your business is a corporation or a partnership, you will need to apply for an EIN.You must file a federal Employment tax return, Excise tax return, or Alcohol, Tobacco, and Firearms tax return.You will need an EIN if any of the following apply to you: In most cases, these terms refer to the EIN assigned by the IRS, although sometimes a tax ID number, a tax identification number, or a business tax ID number may also refer to a state-issued tax number. You may also run across references to a tax ID number, a federal tax ID number, an FEIN, an IRS EIN, a tax identification number, a federal identification number, a business tax ID number, or a federal EIN. Internal Revenue Service-Starting a Business: Basic federal tax information for new businesses, including information about EINs, business taxes, and general small business resources.An EIN, or employer identification number, is a number the IRS assigns to a business entity in order to identify the entity for tax purposes.Unemployment Tax Collected by the Texas Workforce Commission.Voluntary Disclosure Agreement regarding unpaid taxes.Tax requirements for Filings with the Secretary of State.Comptroller field office addresses and telephone numbers.Overview of Taxes Collected by the Texas Comptroller of Public Accounts.Texas Attorney General Employer Information Center: Information about employer new hire and termination reporting requirements.Texas Department of Insurance: Information about the Texas workers’ compensation system.Texas Workforce Commission: Information for businesses and employers in Texas.SOSDirect: Business Searches & FormationsĮmployer and Tax Information Employer Issues.
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