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If an individual owns a corporation and is using a tax ID # can I use that persons social security # to identify that corporation they may be using?

2007-07-21 10:09:27 · 3 answers · asked by S 1 in Business & Finance Taxes United States

3 answers

That will be no for the corporation.

An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a nine-digit number that the IRS assigns to business entities. The IRS uses this number to identify taxpayers that are required to file various business tax returns. EINs are used by employers, sole proprietors, corporations, partnerships, non-profit organizations, trusts and estates, government agencies, certain individuals and other business entities.

The online application process is not yet available for the following types of entities: Foreign Addresses (including Puerto Rico), Limited Liability Company (LLC) without entity types, REMICs, State and Local Governments, Federal Government/Military, Indian Tribal Government/Enterprise.

You may apply online and get the temp number immediately.


https://sa1.www4.irs.gov/sa_vign/newFormSS4.do

2007-07-21 10:16:03 · answer #1 · answered by naekuo 7 · 1 0

@firewater "or a LLC (additionally a corp)" i'm sorry, yet you're incorrect. An LLC is a constrained criminal accountability enterprise, not a company. that's a criminal entity, yet in basic terms firms (xxx, Corp. or xxx, Inc.) are firms. They report an 1120 until eventually it has elected to be taken care of as a sub-S employer. this could be a perfect technique that demands submitting a type with the IRS. "additionally I pay attention that's totally tax heavy while in comparison with sole Proprietorship. is this real" An LLC is a omitted entity meaning the IRS and maximum states do not realize it. consequently the LLC has to choose on (opt for) the way it needs to be taken care of for tax purposes. Many single member LLCs opt for to report as a sole proprietorship. yet there are a number of times annual submitting expenses the LLC has to pay in spite of the tax treatment. In MA, as an occasion, the LLC has to report each year with the Secretary of State's place of work; this is $500. AND if the LLC chooses to report as a company (primary or sub-S) the DOR expects the mandatory $456 minimum "earnings" tax imposed on firms. " i could have possession of my call " in basic terms in the state you sign up the LLC. each and every state regulates enterprise entities (LLCs, firms, and partnerships) so which you have got 50 distinctive Joe's LLC and there could be not something you will desire to do approximately it. the only way you are able to shelter your enterprise call is thru trademarking. or perhaps that would not assure some enormous national employer won't sue you using fact they desperate they needed to apply it, too.

2016-10-22 07:13:14 · answer #2 · answered by Anonymous · 0 0

Ditto to the previous answer. Fill out form SS-4. Go to irs.gov and find the form under Forms and Publications.

2007-07-21 14:25:39 · answer #3 · answered by IRENE THE BOOKIE 3 · 0 0

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