Most frequent questions and answers
An EIN or Employer Identification Number is a tax ID number assigned by the IRS (Internal Revenue Service). The EIN is used to identify a business for tax purposes. You can use this number to do the following:
- Open a Bank Account in the USA
- Apply for Business Permits
- File a Business Tax Return
- Hire Employees
- Start a Corporation or Partnership
- Withhold Employee Taxes
- Apply For a Business Credit Card
- Apply for Business Loans
- Create a Trust, Estate, or Non-Profit
- And More
You can use an EIN to rent an apartment as long as you will be conducting business in the dwelling. This can become complicated, and you will need a professional’s help to figure out how to use your number for this purpose. I can assist you in this respect, as you will be using the space for both personal and work activities. Contact me for further details at firstname.lastname@example.org.
You can use an EIN for business-related purposes instead of your SSN. According to the IRS, you can obtain an EIN if you are a business. An EIN can also be used if you need to apply for a business loan or obtain a business license or permit. EIN numbers also assist employers who must furnish 1099 forms to independent contractors.
No. Because an EIN is designed for businesses and business tax reporting, you can use your Social Security Number (SSN) for your tax ID number.
Yes. You can use your social security number (SSN) instead of an EIN if you are signing up for business credit or a loan. In fact, most issuers of business credit will base their decisions on your personal credit history, so they typically require that you furnish an SSN as well. I can help you with obtaining an EIN for business purposes. Check with me via email at email@example.com.
You cannot use an EIN to purchase a vehicle, unless that vehicle is used for your business. Your EIN is used for business-only transactions. Therefore, you could use this number to apply for a loan for fleet vehicles or company cars. You can find out more about how you can get an EIN when you contact me online at firstname.lastname@example.org.
An employer identification number (EIN) is used to identify businesses for tax and business purposes. Its main purpose is for use in reporting business taxes and for opening a bank account. I can obtain an EIN for you and help you form a business entity for your start-up anytime. Contact me at email@example.com for further details today.