If you need an Employer Identification Number for your business, you’re probably wondering, how much is an EIN number. An EIN is free, but the process of obtaining an EIN generally costs some money. To help you plan ahead, this guide looks at the costs and steps involved in getting an EIN. Whether you’re opening […]
Information
How Much Does It Cost To Get An EIN?
28
Feb
2023
How Long Does it Take to Get An EIN Number?
27
Feb
2023
Wondering how long it takes to get an EIN number? Well, it depends on how you apply. The timing for the EIN application process varies based on if you apply online, using fax, or through the mail. Applying for an EIN can be stressful, particularly if you need the number quickly but you aren’t sure […]
Does a Trust Need a Tax ID Number?
9
Feb
2023
Yes, a trust always needs “a tax ID number.” But sometimes its tax ID number is the grantor’s SSN and sometimes its tax ID number is a unique employer identification number (EIN). Revocable trusts fall under the grantor’s SSN: they are trusts that the grantor would be able to dissolve at any time, and is therefore under their financial […]
How to Find Your Business EIN Number
8
Feb
2023
You need your employer identification number (EIN) for all kinds of critical business functions, and if you can’t find this number, it can be scary and frustrating. To help you out, this guide provides tips on how to find EIN number when it is lost. If you’re wondering how to find my EIN number, this […]
How To Cancel An EIN Number
8
Feb
2023
There are many different reasons that you may need to cancel your EIN. Perhaps, you’re closing your business or changing the structure of your business from a sole proprietorship to a corporation or a partnership. Maybe, you applied for an EIN and then realized you don’t actually need it. Regardless of why you want to […]
EIN vs. TIN
8
Feb
2023
For tax purposes, you need a tax identification number, but there are many different types of tax IDs issued by the IRS. To help you understand what type of number you need, this guide looks at the differences between a taxpayer identification number (TIN) and an employer identification number (EIN). It also looks at the […]
Does a Conservatorship need a Tax ID (EIN)?
18
Apr
2022
A conservatorship happens when a guardian is set to manage the affairs of an individual. The person under guardianship is also known as the “ward” of the individual, and could be someone with a medical handicap or age-related issue. A conservatorship doesn’t always need an EIN, because a conservator can act under their own SSN. […]
Homeowners and/or condo association is a type of organization where you have a group of individuals coming together for the betterment of a property or a series of properties. When you own a condo, you have your own living space that you own yourself. The condo building, though, and the maintenance that goes along with […]
Does a Farmers’ Cooperative need a Tax ID (EIN)?
21
Mar
2022
A farmers’ cooperative is a type of organization that is also known as an agricultural cooperative. It is all about a group of farmers getting together to act as a pool. With all of the farmers working as one, they can pool resources together to accomplish a type of activity. There are a variety of […]
What is a Memorial or Scholarship Fund? | IRS Definition of a Memorial or Scholarship Fund
17
Mar
2022
Have you ever thought about setting up a scholarship fund? Do you know what steps you should be taking and how the scholarship fund will be seen in the eyes of the Internal Revenue Service? A scholarship fund can do some amazing things for individuals who are trying to take their education or career to the […]