If you're self-employed, finding your employer identification, or EIN, is easy. The EIN is the number that the IRS assigns you to identify your business, even if you are a contractor or sole proprietor. Whether you already have an EIN assigned to you and simply cannot find it or you n...
When conducting business with foreign entities, it is essential to have all the necessary information to ensure compliance with tax regulations. One crucial piece of information needed when dealing with international companies is their Tax Identification Number (TIN) or equivalent. However, finding a f...
, let’s talk a bit about why your EIN or TIN number is important Why is your EIN important? Think of your EIN, or Tax Identification Number, as your business’s social security number. For the most part, you don’t need to know the specifics about your EIN number, all the things...
All U.S. citizens have a Social Security number (SSN). Businesses, on the other hand, are assignedfederal employer ID numbersfor identification purposes. As a business owner, you need this nine-digit number to file tax returns, apply for licenses and permits or open a bank account. Not al...
Types of small-business tax advisors Technically, anyone can be a small-business tax consultant — all they need is an IRS preparer tax identification number (PTIN). However, in order to ensure that your business and taxes are in the most capable hands, there are a few types of IRS-certi...
the business itself; it is the equivalent of a Social Security number for businesses. The IRS uses the number to identify a company when it files taxes. An EIN is also sometimes referred to as a Federal Tax Identification Number. Any business can acquire one free of charge through the IRS...
Getting your business registered, and setting up the right tax information can be confusing. Find out what you need to know ahead of time.
A federal tax ID number refers to the employer identification number (EIN) or Taxpayer Identification Number (TIN) assigned to business entities by the Internal Revenue Service. These are private identification numbers in most cases and difficult to find if you are not an authorized representative ...
Identification Number (FEIN). This number aids the IRS in keeping track of all of a business' pertinent tax information. Finding the federal tax ID for a mortgage company is a simple thing to do; the information is public, and there's no need to pay a service to handle it for you. ...
7. Are there any penalties for using the wrong HSN code in my business transactions? Yes, there can be penalties for using the wrong HSN code, as it can lead to incorrect tax calculation and non-compliance with GST regulations. The penalties can include fines and other legal implications. ...