A well-known online service called Legalzoom provides both individuals and companies with legal services. Assistance in obtaining an Employer Identification Number (EIN) from the IRS is one of the services they offer. After submitting the application to the IRS, the procedure usually only takes a few business days, and Legalzoom often obtains the EIN in 24 to 48 hours. The customer can use the EIN to open a company bank account, apply for credit, and file taxes after they give it to them after they have it. How long is an EIN number valid for?
The IRS issues a unique nine-digit number known as an EIN, commonly referred to as a tax ID number, to identify a corporate organization for tax reasons. Even if a business changes its name, address, or ownership structure after receiving an EIN, that business will always remain the owner of that EIN. If a business experiences a significant change, such as changing from a sole proprietorship to a corporation or partnership, only then would an EIN need to be updated.
The IRS website ein.gov is a valid resource for acquiring an EIN, so the answer is yes. The only authorized website for getting an EIN is this one, which is run by the IRS. However, it’s crucial to exercise caution when dealing with other websites that make the claim to provide EIN services but really demand a fee or collect personal information with the intent to defraud. Does everyone have a tax identification number?
Tax ID numbers aren’t available to everyone. Only businesses, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), are given tax ID numbers. The Social Security number is used for tax purposes when submitting personal income tax returns even though individuals do not have tax ID numbers.
A business entity applies for an Employer Identification Number (EIN) using an SS-4.