How To Get A Business Tax ID

If you’re operating a business, you’ll need to get an EIN, an Employee Identification Number, which is basically your businesses’ tax ID number. If you’re operating in Ohio, your business’s Ohio EIN is basically its tax ID and Social Security number. It lets the IRS to quickly and easily identify your business, and check whatever tax documents and forms you’ve missed.

Don’t worry if you’ve yet to get your Ohio EIN, the IRS has done what they can to make the process of getting one as simple as possible.

Step 1: Check whether you need an EIN.

The first thing you need to do is to determine whether or not you need an EIN. Though this step is fairly superfluous, as having an EIN is a very useful thing to have, whether or not you need it. However, if you really want to know, the IRS requires EIN for businesses that employs workers, withholds taxes on wages and salaries you pay, and/or your business operates as either a corporation or partnership.

Step 2: Application

You have several options for applying for an EIN; fax, phone, mail or online. If online is the one that appeals to you, good news, you’ve made the IRS’s job a little easier. The IRS prefers online applications, as they can immediately give EINs to the people who complete the online application on the EIN Assistance subpage in their website.

Step 3: Answer application questions

You have five short questions to deal with when getting an EIN, and they’re pretty straightforward. First, it’ll ask for the kind of EIN you’re applying for; whether it’s sole proprietorship, corporation, LLC, partnership or estate. Next, you need to give the reason as to why you are applying for an EIN, whether it’s starting a new business, banking purposes or other reasons. Then, you need to give your name and Social Security Number to finish.

Step 4: Save your EIN.

Once you’re done with the application, the system will then make a new EIN which you can use immediately. An official document from the IRS will be loaded onto your computer, which is the confirmation of your EIN. Needless to say, it’s a good idea to save a copy and print one in case you forget the EIN.)

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