Obtaining a New Mexico Tax Identification Number (EIN) is easy and fast. You do not need to file an application form. Just go online and follow the instructions. To apply for an EIN, you must provide certain information about yourself. This includes your name, address, Social Security number, date of birth, occupation, employer identification number, and the type of entity you represent.
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To obtain your tax identification number (EIN) in New Mexico, follow these steps:
Taxpayers can apply for a federal EIN once every three years. You must complete Form SS-4, Application for Employer Identification Number, and supporting documents such as proof of identity, residency, and employment history to obtain one. You can apply either electronically or via paper mail. If you file it electronically, you will receive confirmation within five days. Once you have submitted the form, you will receive a letter confirming that your request has been received. After receiving the letter, you will have 30 days to pay the fee and print out the completed form. Then, you can send the form to the IRS.
If you decide to use the paper method, you will need to provide the following documentation:
• A copy of your current passport
• Proof of residence
• Proof of citizenship
• Proof of employment
• Two forms of identification
1. Prepare Required Information
You must prepare the following information before filing your organization or certificate of formation articles. If you are preparing a Certificate of Formation, it is essential that you file the Articles of Organization within 30 days of completing the Certificate of Formation. Failure to do so could lead to fines or penalties.
The required information includes:
• Name of Business Entity
• Address where the registered office of the business entity is located
• Registered Agent – A person authorized to accept legal process on behalf of the business entity
• Principal Office address of the business entity
If you are filing a Certificate of Formation, you must submit the following documents along with the Articles of Organization:
2. Apply for a New Mexico Tax ID Online
Applying for a new tax identification number is fast and easy. It takes less than five minutes to complete the process. And because there are no forms to mail, you don’t even have to worry about sending anything in.
You can apply for a new federal tax ID number, state tax ID number, or both. If you’re filing taxes yourself, you’ll want to apply for a federal tax ID first. But if you’re working for someone else, you might want to apply for a state tax ID first. Either way, applying for a new tax ID isn’t hard, and it doesn’t take long.
The good news is that you don’t have to do anything special to file for a new tax ID. Just follow the steps below.
1. Go to nmtaxid.com/apply.
2. Choose “Apply for a New Federal Tax Identification Number.”
3. Fill out the form.
4. Click “Submit Form.”
5. Wait for the confirmation email.
6. Print the confirmation letter.
7. Sign the letter and return it to the IRS.
8. Receive your new tax ID within 10 days.
3. Apply for a New Mexico Tax ID by Phone, Mail, or Fax
The Department of Revenue recommends applying online for a new business license. You’ll save time and money by doing it online rather than submitting a paper application. If you choose to submit a paper application, you must mail or fax it to us.
If you’d like to talk to someone about getting a new business license, call our Business License Division at 575-884-9200. We’re here Monday – Friday, 8 am – 4 pm.
You can also fax a copy of your completed application to 575-884-9210. Please include the original receipt along with the faxed document.
If you’d like, you can mail a completed application to:
Department of Revenue
Attn: Business Licenses
PO Box 2532
Santa Fe, NM 87504
4. Do I Need a Federal Tax ID Number in New Mexico?
A federal tax ID number is one of those things you might think about getting but don’t know what it does. You’ve probably heard people talk about it, but you haven’t exactly understood why it matters. So here’s everything you need to know about federal tax IDs.
#1 – What Is a Federal Tax ID Number?
The federal tax ID number is a unique identifier for every corporation, LLC, partnership, sole proprietorship, S Corporation, trust, and estate.
#2 – Why Should I Get One?
Getting a federal tax ID number could save you money if you’re starting a new business or expanding into a new industry. When you file your taxes each year, the IRS requires proof that you exist. If you don’t have a federal tax ID number yet, you’ll likely be asked for documentation proving that you do.
#3 – How Can I Get One?
Getting a federal tax ID number isn’t hard. It’s pretty simple. To start, you’ll need to determine whether you’re incorporated or unincorporated. Then, you’ll need to fill out an application form and pay a fee. From there, you’ll receive a temporary tax ID number. Once you’re ready to file your taxes, you’ll submit the appropriate forms and attach copies of your documents.
5. How Do I Get a Tax ID Number in New Mexico?
Applying for a tax ID is easy and will save you time. You don’t need to fill out a bunch of forms or send documents to the IRS. There are many different ways to do it online. But each method requires documentation, so make sure you know what you’re doing.
The easiest way to get a tax ID number is to use TurboTax Online Free Edition. This program allows you to file taxes without having to print anything out or mail anything in. All you need is access to the internet.
You can also file electronically using eFileTexas.gov. Choose “Individual Income Tax Return,” select “Efile TX,” and follow the prompts. You can download the PDF version of Form IT-1 if you prefer.
If you go old school instead, you can request a paper copy of your return from the IRS. Visit irs.gov/businesses/small-businesses/get-a-tax-id-number.
Finally, if you live outside of Texas and want to file electronically, you can use the IRS’ Electronic Filing Service. Go to www.irs.gov/efile and log in with your username and password. Choose Individual Income Tax Return, E-Filer, and follow the instructions.
6. How Do I Get a New Mexico State Tax ID Number?
To obtain a New Mexico state income tax id number, you first need to register with the Internal Revenue Service (IRS). You can do this online at irs.gov/businesses/small-businesses/irs-business-registration-and-information/online-business-registration. Once registered, you can apply for both a federal and a New Mexico state tax ID number.
After applying for a federal tax ID number, you can apply online for a New Mexico state income taxes numbers. However, getting a New Mexico state tax number is faster and easier than filing paper forms.
Frequently Asked Questions
Who needs an EIN?
If you’re a small business owner, chances are you don’t know what an employer identification number (EIN) is. But it could make sense to start collecting one now.
The IRS requires every business entity — whether it’s a corporation, limited liability company, or whatever — to have an EIN. In fact, it’s mandatory. If you don’t already have one, you’ll need to apply for one within 30 days of starting your business. You’ll pay $100 to file your application.
But there are some exceptions. For example, you don’t need an EIN if your business doesn’t have employees. And if you’re a sole proprietorship or single member LLC, you don’t need one either. So who needs an EIN?
The answer is simple for partnerships, corporations, and multi-member LLCs: Everyone.
That includes sole proprietorships and those single-member LLCs that don’t have employees. Why? Because having an EIN helps prevent tax fraud.
In addition to helping identify potential tax cheats, an EIN can also help protect small business owners against identity theft. When someone steals your personal information, such as your Social Security number, credit card number, etc., they can open fraudulent accounts in your name. An EIN makes sure that no one else uses your SSN.
Is an EIN the same as a tax ID number?
In New Mexico, there are three different types of business registration numbers: the Employer Identification Number (EIN), the Sales and Use Tax Report Number (TAN), and the Combined Reporting System Number (CRN).
The most important difference between the EIN and TAN/CRN is that the CRN is required to report the Gross Receipts Tax, while the EIN is not. However, you still must obtain both numbers to file your annual reports. You must apply for one if you do not receive a TAN/CRN.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.