If you are relatively new to the world of small business ownership, you may need some help navigating the finances and taxes areas of business. However, you probably cannot yet afford a financial accountant. You may not know how to find your tax ID number for the purposes of filing taxes at the year’s end. We are here to help you out. Learn how to find your business tax ID number in the post below.
Before you learn how to find it, you need to know what you are looking for. For a small business owner who employs people, you are going to need to find your Employer Identification Number, or EIN. Your EIN is necessary for tax returns, statements and other related documents. An EIN is known as a federal tax identification number used to identify a business entity. Keep reading to learn how to find your EIN for tax purposes, or to apply for a VA loan.
What Is The Difference?
What is the difference between an Employer Identification Number and an Individual Taxpayer ID Number? Well for one, Employer Identification Numbers, EINs, are only available to those businesses that staff employees and pay them legally. Individual Taxpayer ID Numbers, on the other hand, are used to designate private individuals, not businesses. The individuals that receive these particular ID numbers are those that do not qualify for EINs or Social Security Numbers. This is important to note. Unless you do not have a social security number, you will never need to apply for an ITIN.
If you do not already have an EIN, you are going to need to apply for an EIN online. This should be done alongside incorporation. You no longer have to file a SS-4. Instead, just head to the IRS website to answer a few questions. Then, you will get an EIN assigned immediately upon completion. All you will need to do is download, save and print your confirmation notice.
Find Your Confirmation Notice
If you already have an EIN, you can locate it on your initial confirmation notice. This is the simplest way to learn what your tax ID number is, if you need it to apply for small business car insurance. However, it make take some searching if you do not organize all your important tax documents. If you find the confirmation notice, you will find your tax ID number right there at the top of the page. If you do not find the IRS confirmation notice, there are other things you can try.
Contact Your Bank
If you were unable to locate your EIN confirmation notice, you can contact your bank to learn what your tax ID number is. You may have used your EIN to open a business bank account. If so, they will have that business intelligence number on file and will be able to give it to you. You can also try this with other government agencies if you used your EIN to secure permits or licensing. If this does not work, there is one last solution to help you find your tax ID info.
Call The IRS
If you have exhausted all other options, and you still require an ID number to secure dental practice financing, you can call the IRS Business and Specialty Tax hotline. That phone number is (800) 829-4933. Ask the IRS to search for your EIN. They will be able to provide you the number right there over the phone. That is, as long as you are able to prove you are authorized to receive it. As long as you are a sole proprietor, business partner, corporate officer or similar you are sure to have no trouble. This is the easiest way to find your tax ID number once you have exhausted the other options.
If you are wondering “what is my tax ID number?” there are numerous ways you can find the answer. If you do not yet have an EIN, you can apply for one online at the IRS website. However, if you do have an EIN and have simply misplaced it, there are several rescue methods you can attempt. If you are unable to find your tax ID number after contacting your bank and searching for your confirmation form, contact the IRS directly. Either way, you are sure to be able to find your tax ID number. No need to worry.