Your company’s tax ID number is necessary for many reasons. In addition to allowing you to obtain business permits and hire employees, you protect your personal identity and can create separate bank accounts and credit card accounts for your company. Depending on the situation, you may even benefit from an estate tax ID number.
Finding the ID Number
If you already have a federal employer identification number but can’t seem to remember it, you can find it in several places on your business or personal documents. If you are an organized person — and you should be if you hope to run a successful business — you can find the number in the original file that the IRS sent you when you applied for it. If you aren’t particularly organized, don’t worry. There are several other places you may be able to locate your tax ID number.
- It may be on your business license
- Your bank may be able to provide it for you
- It should be on your tax returns
If all else fails, you can call the IRS. If you can prove you are authorized to have the number, the IRS can provide it for you.
What to Do if You Don’t Already Have a Number
If you don’t have an EIN and aren’t sure how to get a tax ID number in VA or any other state, don’t worry. The process is quite easy. In fact, it’s so easy that you can complete the application online. Choose the type of business you have or situation you are in and answer the questions that follow. Once you submit your application, you will be able to track its status online. In most cases, you will receive your federal tax ID number in a matter of a few business days. Depending on when you apply, you could even receive it the next business day if you apply via IRS-EIN-Tax-ID.
Find out more about how a federal tax ID number can help you create a better business. Contact IRS EIN Tax ID Filing Service today.