How to get a Free Tax ID:
You can obtain a
free tax id so long as you
buy another item, such as a business license,
another tax ID, a DBA, a corporation, or
an LLC formation from us.
Otherwise, simply click on "Get Tax ID,"
submit your info,
and pay $29 to obtain it.
Most visitors are interested in a Federal Tax ID
Here is who needs a federal tax ID:
All businesses and non profits as well as trusts and sports league operations have to obtain a federal tax ID number.
First, corporations or LLCs, employers, partneships and independent contractors are required to obtain a Federal Id (FEIN). You can use a federal id as your business ID.
For example, most sole owners that are not employers and are not independent contractors use their social sec number as a business tax ID. However, even sole owners that are not employers and are not independent contractors may obtain and use a federal tax ID as a business tax ID.
Otherwise, a sole owner will need to use your social security number over the phone or the internet all the time for orders or other business identification reasons.
Note that if you want the federal ID to collect charitable contributions and or collect money for a sports team, you also need a DBA doing business as to open a bank account under your name with the federal ID.
On the other hand, if you want to do this right, to collect charitable contributions and or money for a sports league, you will need to form a non profit, obtain the federal ID here online ( i.e., both a non profit and a federal ID can be registered here online) and then after you obtain these certificates, you will need to apply for state and federal non profit tax exemption.
Note that if you do not form a non profit, any money you receive from contributions would be considered your income and you will have to pay income tax on it unless you spend it for expenses for your type of charity or sports league. |