{"id":183507,"date":"2021-12-06T20:14:23","date_gmt":"2021-12-06T20:14:23","guid":{"rendered":"https:\/\/www.360prwire.com\/?p=734594"},"modified":"2021-12-06T20:14:23","modified_gmt":"2021-12-06T20:14:23","slug":"what-is-an-ein-number-and-how-do-i-get-one","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/12\/06\/what-is-an-ein-number-and-how-do-i-get-one\/","title":{"rendered":"What is an EIN Number and How Do I Get One?"},"content":{"rendered":"

Princeton,NJ\/ 360prwire\/ December 5\/<\/p>\n

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One of the first steps in starting a business should be obtaining an Employer Identification Number. The application process is free (and simple! ), and you\u2019ll need that number during tax season. Read on for details.<\/span><\/p>\n

What is an EIN?<\/span><\/h2>\n

Employer Identification Number stands for Employer Identification Number. Your business is identified by a nine-digit number assigned by the IRS. When you file any federal tax return, you\u2019ll need to identify your business using this information. Sometimes, it is referred to as a Federal Employer Identification Number (FEIN) or a Federal Tax Identification Number (TIN).<\/span><\/p>\n

For businesses, EINs are like social security numbers. Give out your EIN only when it is necessary it can be used to steal your identity if it falls into the wrong hands.<\/span><\/p>\n

Does your business need an EIN?<\/span><\/h2>\n

Employer identification numbers are used by the IRS to determine which business tax returns taxpayers must file, so nearly all self-employed people and small business owners will need one at some point (even tax-exempt and non-profit organizations). The following questions must be answered yes if you want an EIN:<\/span><\/p>\n