How To Get A EIN (Tax ID) West Virginia
Looking to get an employee identification number (EIN)? This important 9-digit number identifies you to the IRS, and it’s an important part of operating a business, corporation, nonprofit, or partnership. You might even need an EIN as an individual – for instance, if you hire a nanny as a W-2 employee.
Once you have an EIN, your tax status as an employer is established and you can use this number for filing tax returns and other tax purposes on behalf of your employees. You can also use this number to identify your business or other organization on standalone tax returns such as partnership, corporate, or non-profit returns.
How to Apply for a Tax ID Number in West Virginia
When you apply for an EIN number West Virginia residents should rest assured that the process is fast and simple. It’s a quick and easy, three-step process – all you must do is prepare the required information, then get a Form SS-4 (you can download it or request it from the IRS) or access the online application.
Luckily for you, the Form SS-4 is only a single page long (with a second page of instructions), so it doesn’t take long to get it done. However, there is a long waiting time to get the number. Usually, it takes several weeks. In contrast, if you apply online, you get your EIN right away.
Prepare the Required Information
First, you’ll have to make sure you have all the information you’ll need for your EIN application. What you need depends on the situation at hand. For instance, the Form SS-4 will ask you for your entity’s principal activities, but if you don’t have an organization, that might not be relevant.
Here’s a general list of what might be required:
● Entity’s trade name
● Entity’s legal name
● Entity’s mailing address and county
● Type of entity
● Reason for applying
● The number of employees you predict to have over the next year
● The earliest date you paid wages (or expect to pay wages)
● Entity’s third-party designee
On top of the above list, you also need to choose a responsible party. Generally, this is the owner of the company, but if you’re dealing with a big corporation with multiple stockholders, you simply need to pick someone who can make financial decisions on behalf of the business.
Apply Online
The quickest way to apply for an EIN is online. Not only is the application process fast this way, but you’ll receive your EIN instantly, as soon as you submit the form.
All you need to do is:
● Set aside a block of time to apply (the application times out after 15 minutes and you can’t save your progress)
● Access the online application
● Follow the prompts to fill out each line
● Review your application and submit
It’s all fast and painless, and it’s the only way to go if you need an EIN urgently since online applications get instant delivery of their EINs.
Submit Your Application Via Mail
To get an EIN number West Virginia residents can apply by mail. You should start the process around 5 weeks before you need to use your new EIN. That’s because the process by mail can take 4 or 5 weeks.
It’s fast to submit the Form SS-4 by mail – it’s a single-page application so the actual work of filling it out doesn’t take too long. Just follow the prompts, fill in all of the lines that apply to you, sign it, and submit it via mail. The form instructions will list the correct address for you to mail it to.
Frequently Asked Questions
If you still have questions about EIN numbers West Virginia residents can find answers here:
The EIN (employee identification number) is a type of tax ID specifically for individuals and entities who employ somebody (although there are a few other situations where you may need an EIN). If you have employees, you definitely need an EIN. If you’re not sure, then you should talk to a tax lawyer.
EINs aren’t issued by the West Virginia Secretary of State – they’re issued by the federal government through the Internal Revenue Service (IRS).
An EIN is a West Virginia tax ID number specifically for employers. There are a few other types of West Virginia tax ID numbers, including ITINs (individual taxpayer identification numbers) and SSNs (social security numbers).