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What is an EIN Number?
An EIN number is required by the IRS if you want to file federal tax returns or pay state income taxes.
Your Pennsylvania LLC must have an Employer Identification Number (EIN) before it opens a bank account, applies for any licenses, permits or handles payroll.
Having an EIN can help protect you against identity theft.
EIN Synonyms
Your Pennsylvania LLC’s EIN number is called something else in some other states, but it always means the same thing. If you’re looking for information about how to find out what your entity identification number (EIN) is called in Pennsylvania, here’s everything you need to know.
The IRS requires every business to have an EIN, and most businesses use one of three different types of numbers:
• A federal tax ID number — known as a “social security number.” This type of number is used for sole proprietorships, partnerships and corporations.
• An individual taxpayer identification number — known as an SSN. This type of number is assigned to individuals.
• A business name — such as “12345678910,” “ABC Company Inc.,” or “John Doe dba ABC Co.” These numbers are usually assigned to sole proprietorships, limited liability companies and unincorporated associations.
If you want to look up your EIN in PA, several resources are available online. You can start by searching the IRS’ EIN lookup tool. When you enter your business name, the site will tell you whether your EIN is registered with the IRS. If your EIN isn’t registered, you’ll see a link that takes you to the IRS’ registration form. Once you fill out the form, you’ll receive an email confirmation letting you know your EIN is now active.
You can also check the IRS’ Business Master File Database. This database contains records of all business entities that filed Form 8832, Application For Employer Identification Number, With The Internal Revenue Service.
Benefits of having an EIN for your Pennsylvania LLC
An Employer Identification Number (EIN), also known as an employer identification number, is required for many businesses. If you are starting a business, you might wonder why you need one. You do because it helps you keep track of your income and expenses. Here are some benefits of having an EIN:
1. Business License – When you apply for a business license, you must provide proof of your EIN. This way, you can prove that you are operating under the correct name. Without this information, authorities could deny your request.
2. Taxes – In addition to getting a business license, you will also need to register with the IRS. You must submit a Form SS-4 Application for Employer Identification Number to do this. Once registered, you will receive a Social Security Number. After receiving this number, you will need to complete your tax forms.
3. Bank Accounts – Most banks require you to have an EIN in order to open a business checking account. However, there are exceptions. Some banks will accept a utility bill, such as electric bills, as proof of identity. Others will accept a letter from your landlord stating that you pay rent monthly. Still others will accept a copy of your lease agreement.
4. Startups – For startups, obtaining an EIN is especially important. Many investors want to see your EIN before investing in your startup. They use it to make sure that you are following the law.
5. Franchisees – If you plan on opening up a franchise location, you will need to obtain a separate EIN for each store. Each franchise needs his/her own EIN because they are running their own business.
6. Self-Employed Individuals – You don’t need an EIN as a self-employed individual. However, if you hire employees, you must provide them with a W-9 form.
Create your LLC Corporation with just 3 easy steps
Wait for Your Pennsylvania LLC Files to Be Process Successfully
If you are starting a new Applying business, you will likely want to open a limited liability.
Don’t company (LLC). You will need to submit documents to the EIN IRS to obtain an Employer Identification Number (EIN), which allows you to use the federal tax ID number for your business. Once you have received
EIN your EIN, you will need to register it with the state. In Pennsylvania, you must file an Application for Registration of Foreign Corporation doing Business in the Commonwealth of Pennsylvania (Form PA-100).
You cannot start a business while your registration is pending. Therefore, you will need to wait for your LLC to be approved before you can begin filing taxes. You will receive a confirmation email once your application is complete.
Once your registration is approved, you must log into your account online. You will find instructions on downloading the forms needed to file your taxes.
Applying for an EIN for your LLC is free ($0)
An entity identification number (EIN) is required to operate as a limited liability company (LLC). In addition to being used for tax purposes, an EIN is necessary when filing corporate documents such as Articles of Organization, Operating Agreements, and Bylaws. If you’re starting a brand new LLC, you’ll probably want to file Form SS-4, Application for Employer Identification Number, along with your state’s equivalent form. You can find both forms on the IRS website.
The process of applying for an EIN is simple, but there are a few things you should know before doing it. A $0 fee applies to most applicants unless you qualify for one of several exceptions.
What To Do If You Don’t have an ITIN or SSN in Pennsylvania?
In today’s world, it seems like everyone needs a Social Security Number (SSN). But did you know there are plenty of ways to obtain one without having to provide proof of identity? In fact, many people use a different number every day. And while some states require an SSN for certain types of businesses, others allow individuals to apply for an Employer Identification Number (EIN), which allows them to operate a limited liability corporation (LLC).
The IRS requires both an SSN and an EIN to file taxes. However, you don’t need either to start a business or open a bank account. And even though most banks won’t let you open a checking account unless you provide an SSN, you can still set up a business account without one.
This article explains how to get an SSN and/or EIN without providing proof of identity.
EIN Phone Application
The Internal Revenue Service (IRS) announced it will stop accepting Employer Identification Numbers (EINs) applications by phone starting April 15. This includes both paper forms and electronic submissions. In addition, the IRS has removed the ability to apply for an EID number online. Instead, applicants must submit either a paper application form or an electronic Form SS-4, Application for Employer Identification Number.
Nonprofits can continue applying for an EIN online or by mail. However, nonprofits are required to include a copy of their most recent tax return along with their application. If you plan to file a nonprofit organization’s federal income taxes electronically, you will need to use Form 990-N rather than Form 990.
EIN Responsible Party
The Internal Revenue Service requires that every corporation file an Employer Identification Number (EIN). Suppose you are applying for a corporate EIN. In that case, you must identify one individual who will be accountable for filing all required federal income tax returns and paying any tax liabilities within 60 days after the close of each calendar year. You will also need to provide the following information:
1. Your full legal name
2. Address
3. Telephone number
4. Fax number
5. Email address
6. Date of birth
Frequently Asked Questions
How long does it take to get an EIN in PA?
The answer to this question is simple; it takes about 2-3 weeks to get an EIN (Employer Identification Number) in Pennsylvania.
Is EIN the same as tax ID
EIN (Employer Identification Number) is not the same as the Tax ID number. You need both numbers to file taxes.
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.
