Is there a difference between an EIN or Tax ID Number?

They are the same and used simultaneously/interchangeably both on the IRS website and here on our site. Other mentions may include an FEIN (federal employer id number) or a TIN (tax identification number). All of these refer to the same thing; a Federal Tax ID

What’s the objective of applying for a Tax ID Number (EIN)?

Your TAX id number is also known as your “employer id number” or (EIN) and is used by the federal government to identify your business. If you own a business then you need an EIN for the sole purpose of tax processing with the IRS.

What if I already have an EIN or Tax ID Number?

If you’ve previously received your EIN through the IRS website we can’t help with your online application.

Why Do I need a TAX ID Number or EIN?

Do you…

• Have employees?
• Operate as a partnership or corporation; i.e., S-Corp, C-Corp, etc.?
• File these taxes forms? excise, sales, employment, alcohol, firearms or tobacco?
• Withhold employee taxes from wages paid to non-residents/aliens?
• Have a Keogh or tax-deferred pension plan?

Did you answer yes to any of the above? Then you need a Tax ID number or EIN.

Are you involved with the following organizations...

• Estates
• Real estate mortgage investment conduits (REMIC)
• Non-profits
• Farmers co-ops

Did you answer yes to any of the above? Then you need a Tax ID number or EIN.

The above lists are not-inclusive and you should always contact a professional if you have questions.



When would I need to apply for a new EIN or Tax ID?

If your business ownership or the setup (in some circumstances) has changed you may need to apply for a new EIN. If you’ve only changed your business name you do not have to apply for a new EIN. You should notify both the federal and state agencies of your business name change.

The following are events require a new Tax ID:

Corporations

• Your corporation obtains a new charter from the SOS (secretary of state)
• A new corporation is form after a legal merger
• You are a subsidiary of a corporation using the primary corps EIN or you become a division of a corporation
• You change from a partnership to a different type of entity or from a sole proprietorship a different type of entity

Sole Proprietors

• You decide to incorporate
• You begin operating as a partnership
• You inherit or purchase an existing business that you are going to operate as a sole proprietor

Partnerships

• You decide to incorporate
• You lose or hand over your partnership to one of the partners who changes the business model to a sole proprietorship
• You close one partnership and start another one

Estates

• A trust is created with money from the estate; that is not just a continuation of the estate
• You act on behalf of the estate that operates a business after the death of the estate holder

Trusts

• A trust that must be changed to an estate
• The Type of trust you applied for needs to be changed

Limited Liability Company

Contact the professionals on this site for more information

The above lists are not-inclusive and you should always contact a professional if you have questions or concerns.

How long does it take to get my EIN or Tax ID Number?

Our services provide two packages; Standard and Rush

Rush: Our staff will file on your behalf and have your EIN ready in as little as 1 hour during regular business hours.

Standard: Our dedicated staff will file on your behalf and have your EIN ready from 1 to 2 business days.

How much do you charge for this service?

Our Standard option is $295