What is EIN? How do you apply it?

Last modified 9/16/2024 2:45:03 AM EST

An Employer Identification Number (EIN) is a unique nine-digit number the IRS assigns to a business entity. Employers use EINs to report federal and payroll taxes. The IRS can easily track the tax status of a business using employers' EINs.

Applying EIN:

To apply EIN for your business, you must complete Form SS-4. It can be applied online, by mail, or by fax. You will need the required information to apply for EIN

• Legal Name of entity

• SSN, ITIN.

• Business address

• Type of your business entity

• Reason for applying

• Date of the starting your business

If you apply online, you will receive your EIN immediately. Applying through mail or fax might take four business days to process.