Yes, the EIN and the Tax ID are interchangeable. Employer Identification Number, or EIN, is a special identification number provided by the IRS for tax-related purposes. A Tax ID or Taxpayer Identification Number (TIN) are other names for the EIN.
Utilizing the IRS website to submit an online application is the easiest way to get an EIN number. The online application process can be finished in a matter of minutes and is accessible around-the-clock. You will get your EIN right away after submitting your application.
The IRS does not charge anything to issue an EIN number. You can apply online, via mail, or by fax, and the process is entirely free. However, some outside businesses may charge you money to assist you in getting an EIN number. These businesses do not require an EIN since they are not connected to the IRS.
Therefore, How Much Does It Cost to Get an EIN Number? No, getting an EIN number directly from the IRS is free of charge. However, some outside businesses might charge a fee to assist you in getting an EIN number. It is not essential to employ these businesses because applying online, by mail, or by fax is a quick and free process.
Finally, acquiring an EIN number is a simple procedure that can be carried out swiftly and simply online. There is no cost associated with applying directly through the IRS; a third-party business is not required. You will be able to launch your new company or nonprofit organization and fulfill tax-related obligations with your new EIN number.