Do I need an Employer Identification Number (EIN)?
Employer Identification Numbers (EINs) are issued by the Internal Revenue Service for business tax purposes.
🔢 What is an Employer Identification Numnber (EIN)?
An Employer Identification Number (EIN), also known as Federal Tax Identification Number, is issued by the Internal Revenue Service. This tax ID number will be used when filing for federal taxes.
You can apply for an EIN online, by mail, or by fax.
👥 Who needs an EIN?
In general, you will need an EIN if you:
- Have employees
- Will need to pay employment, excise or alcohol, tobacco, and firearms taxes
- Withhold taxes on income, other than wages, paid to a non-resident alien
- Operate your business as a corporation or partnership
- Have a Keogh plan (a retirement plan for self-employed people or unincorporated small businesses)
The IRS requires an EIN for certain types of business, such as non-profits and estates. Please see their complete list of business activities that require an EIN.