2024 IRS EIN Application

IRS EIN / Tax ID Number Application

Unsure Which Business Entity You Should Choose?

A Limited Liability Company (LLC) is created by submitting articles of organization to the Secretary of State in the relevant state. The individuals who own an LLC are known as members, which can consist of individuals, corporations, other LLCs, or foreign entities. An LLC can be established by a single member or multiple members, with no upper limit on the number of members allowed.

LLCs are commonly favored by certain professionals and landlords due to their corporate structure, which protects members (owners) from personal liability for the debts and obligations of the business. Additionally, LLCs offer flexibility in taxation, allowing owners to choose to file as a partnership, S Corporation, or even as sole proprietors, as the LLC functions primarily as a legal entity rather than a tax classification.

A Sole Proprietor is an individual who owns a business that is not incorporated or registered as a limited liability company (LLC) or corporation. This category encompasses freelancers, independent contractors, and many business owners who operate without partners. Household employers also fall under this classification.

An Estate is a legal entity established upon an individual’s death. It includes the personal property and real estate of the deceased. The Estate is tasked with settling any debts owed by the decedent and distributing the remaining assets to the beneficiaries.

A Trust is a legal entity established under state law that creates a fiduciary relationship. In this arrangement, one party, known as the Trustor, transfers legal ownership of assets (including property) to another party, called the Trustee, for the benefit of a third party.

The two most common types of Trusts are Irrevocable and Revocable Trusts:

  • Irrevocable Trust: Once established, the Trustor relinquishes control over the trust, meaning it cannot be changed or canceled. This type of trust is responsible for paying taxes.

  • Revocable Trust: This type of trust can be modified or dissolved by the Trustor during their lifetime. Because it can be changed at any time until the Trustor’s death, it is considered part of the Trustor’s estate and is subject to taxation.

Nonprofit organizations encompass Corporations, Trusts, LLCs, and Unincorporated Associations that meet the criteria for tax-exempt status under IRS Code IRC 501(a). Examples of nonprofit organizations include private foundations, educational institutions, public charities, veterans’ organizations, business leagues, homeowners and condominium associations, as well as PTA/PTO or school organizations.

Sole Proprietors, Partnerships, and for-profit organizations are not eligible for tax-exempt status.

 

For tax purposes, the term “church” applies to any organization that identifies itself as a church, as well as any convention or association of churches. This definition encompasses temples, mosques, and other places of worship. To qualify as a church for tax purposes, an organization must be part of an established religion, have a mission statement, and be formally organized as a distinct legal entity.

A Partnership is an unincorporated organization made up of two or more members who participate in a trade or business venture and share the resulting profits. Partners can be individuals, corporations, trusts, estates, or other partnerships. Each partner contributes capital, property, labor, or expertise and expects to share in the business’s profits and losses. The Partnership’s tax obligations are passed on to the individual partners.

A Personal Service Corporation is a type of corporation that offers personal services, typically provided by professionals like doctors, lawyers, and accountants. PSCs have specific tax rules under the Internal Revenue Code and allow for liability protection while benefiting from corporate tax rates.

S Corporation is a corporation that allows income to pass through to shareholders, avoiding double taxation. It must file Articles of Incorporation and meet IRS requirements, making it popular among small businesses and professionals for tax benefits and limited liability protection.

A C Corporation is a legal entity taxed separately from its owners, offering limited liability protection to shareholders. Created by filing Articles of Incorporation, C Corps can raise capital through stock sales and have no limit on the number of shareholders. However, they face double taxation on profits—once at the corporate level and again when dividends are distributed to shareholders.

Frequently Asked Questions

What is an Employer Identification Number (EIN)?

An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to identify a business for tax purposes. It’s required for businesses with employees, corporations, partnerships, and various entities like trusts and estates. An EIN is also known as a Federal Tax ID Number and is used for filing taxes, opening business bank accounts, and applying for business licenses.

Why is an EIN for?

 

– Identifies your business for tax purposes
– Required if you have employees or operate as a corporation or partnership
– Necessary for filing certain tax returns
– Needed to open business bank accounts and apply for business licenses
– Helps establish business credit
– Separates personal finances from business finances for proper tax reporting and compliance

How long will it take to get my EIN?

 

We are a third-party designee working directly with the IRS to obtain your business EIN. Same-day delivery is available for orders placed during business hours; orders made after hours will be processed the next business day.

Business Hours:
Monday – Friday, 7 AM – 10 PM EST

How much does the EIN filing service cost?

Our service costs $299 and includes a simplified EIN application, expert review, and submission to the IRS. As a third-party designee, we handle follow-up with the IRS and offer support, plus a customer portal for tracking your order and accessing your EIN.

Where can I check my order status?

  • Visit your order status page.
  • Enter your order number to check the status at any time.
  • Receive updates via email and text message.

How to reach customer support regarding my order status?

We offer an EIN Customer Portal that provides 24/7 access to your order status and business information. You can also email us at [email protected].

Client Support

Still have questions or need assistance? Our support team is here to help you with your application and get you started quickly.

Fill out the form below to submit a request for assistance.
Our customer support agents are available Monday through Friday, from 9 AM to 5 PM PST.

For any other questions, contact us at [email protected].