If you’re starting a business in the United States, one of the essential steps you’ll need to take is obtaining an Employer Identification Number (EIN). This unique nine-digit number, issued by the Internal Revenue Service (IRS), is crucial for tax purposes, opening a business bank account, and hiring employees. But what if you’ve misplaced your EIN or need to find it for another reason? This article will guide you through the process of finding your EIN and provide tips on how to obtain a new one if necessary.
What is an EIN?
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is used to identify a business entity. It’s similar to a Social Security Number (SSN) but for businesses. The EIN is essential for various business activities, including:
- Filing federal taxes
- Opening business bank accounts
- Applying for business licenses and permits
- Hiring employees
Why You Might Need to Find Your EIN
There are several reasons you may need to find your EIN:
- Filing Taxes: If you’re preparing your business tax returns, you’ll need your EIN.
- Banking Purposes: Many banks require your EIN to open a business account.
- Applying for Licenses or Permits: Certain licenses may require your EIN for verification.
- Responding to IRS Correspondence: If you receive any official correspondence from the IRS, your EIN will be referenced.
Where to Find Your EIN
If you’ve lost your EIN, there are several places you can look to retrieve it:
1. Look at Your Previous Tax Returns
If you’ve filed taxes for your business in previous years, your EIN will be on the tax forms. For most businesses, the EIN can be found on:
- Form 1040, Schedule C
- Form 1065 (Partnerships)
- Form 1120 (Corporations)
- Form 990 (Nonprofits)
2. Check Your Bank Documents
If you opened a business bank account, the bank would have required your EIN. Look through your banking documents, account applications, or account statements.
3. Business Licenses and Permits
If your business is registered, your EIN may also be listed on any business licenses or permits you received from state or local authorities.
4. Contact the IRS
If you cannot find your EIN through the methods mentioned above, you can contact the IRS directly. The IRS can provide your EIN over the phone. Here’s how:
- Call the IRS Business and Specialty Tax Line at 1-800-829-4933. Be prepared to verify your identity and provide information about your business, such as your business name, address, and the name of the responsible party.
5. Check Your EIN Confirmation Letter
When you first received your EIN, the IRS sent you a confirmation letter (Form CP 575). If you saved this document, it would contain your EIN.
What to Do If You Can’t Find Your EIN
If you’ve tried all of the above methods and still can’t locate your EIN, don’t worry. You can easily apply for a new one.
How to Apply for a New EIN
Applying for a new EIN is straightforward and can be done online. Follow these steps:
- Determine Eligibility: Ensure you need a new EIN. You typically need a new EIN if:
- You change the structure of your business (e.g., from a sole proprietorship to a corporation).
- You create a new partnership.
- Your business goes through significant changes (like a merger).
- Visit the IRS Website: Go to the IRS website and access the EIN Online Assistant. This tool guides you through the application process.
- Complete the Application: Fill out the required information, including your business structure, ownership details, and reason for applying.
- Submit the Application: Once you complete the application, submit it. If you apply online, you’ll receive your EIN immediately.
- Record Your EIN: After receiving your EIN, make sure to record it in a safe place for future reference.
Common FAQs About EINs
Do All Businesses Need an EIN?
Not all businesses are required to have an EIN. Sole proprietors without employees and no excise taxes may use their Social Security Number instead. However, having an EIN can help separate personal and business finances.
Is There a Cost to Obtain an EIN?
No, obtaining an EIN from the IRS is free of charge.
Can I Use an EIN I Found Online?
You should never use someone else’s EIN. Each EIN is unique to the business and should only be used by the entity it was issued to. Using another business’s EIN can lead to legal complications.
Conclusion
How to Find an EIN Number for Your Businessur bank, or contact the IRS, knowing how to locate or obtain an EIN can save you time and hassle. By following the steps outlined in this article, you can ensure you have this important piece of information readily available as you grow and manage your business. Always keep a record of your EIN in a secure place to avoid future headaches, and remember that the IRS is a valuable resource for any questions or concerns you may have regarding your EIN.