Tuesday, August 9, 2011

STEP 5 of 10: Get A Tax ID Number (TIN aka EIN)

All businesses are required to pay federal, state, and in some cases, local taxes. Most businesses will need to register with the IRS and state and local revenue agencies, and receive a tax ID number or permit. Applying for a TIN, tax identification number (aka EIN, Employer Identification Number) is a simple process that can be completed within minutes on IRS.gov. One of the benefits of having a TIN is that you are able to use it rather than your Social Security number when filing out tax forms. I was able to get mine instantly within a few minutes online. To learn more about EINS or to apply for one visit: www.irs.gov/businesses/small.

< Step 4: Register A Business Name (DBA) 
Step 6: Choose An Office Space >

For questions on specific topics or if you would like more information on anything related to the above post please feel free to contact me and I will get back to you as soon as possible or if it is a FAQ I will create a new post :)

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