Did you know that almost all businesses need an Federal Employer Identification Number from the IRS? An EIN identifies the tax account of corporations, partnerships, and other business entities. It is a unique piece of identification, similar to a driver’s license number.
Your business must have an Federal Employer Identification Number (EIN) if your business:
- Maintains a qualified retirement account.
- Operates as a Partnership, C-Corporation or S-Corporation.
- Have employees.
- Must collect and pay excise taxes.
- Must pay employment taxes.
Getting an Federal Employer Identification Number (EIN) from the IRS can be daunting as you need to complete Form SS-4. In some cases, it may take 4 weeks or more. In addition, if you don’t fill it out correctly your application can be rejected if not completed properly.
If you are having some trouble, fear not! Call MiklosCPA! Our California-based accounting practice will help you get the right information together. Moreover, we can even obtain the EIN from the IRS for you! We may even be able to get that Federal Employer Identification Number shortly, as within a day or two!
At our professional tax practice, we let you focus on the most important thing: YOU!
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