A company tax ID number, called a company identification number (EIN) or federal tax ID is a unique nine-digit number that recognizes your company with the IRS. Owners of most company entities require a company tax ID number to submit taxes, open a company checking account, acquire a company license, or look for a company loan.

Your EIN isn’t something you utilize daily, so keeping this number top of mind isn’t as simple as remembering your business’s telephone number or address.

EIN is necessary for essential company deals, like filing company taxes and getting bank loans. Precision and speed matter in those scenarios. Not having your company tax ID can prevent you from getting necessary financing for your company or fulfilling a company tax due date.

Preferably, you need to remember your company tax ID number or have it in a quickly retrievable location. With whatever completing for your attention as a small company owner, you may not understand that you do not understand your EIN up until you’re midway through your income tax return. Finding a forgotten, lost, or lost company tax ID is quite simple and should not cost you anything. Here is a guide to hassle-free federal tax ID lookup.

How to Find Your Business Tax ID Number.

If you have a small business, you need to know how to find your business tax ID number. It’s a unique identification number that will be used to keep your business’s data safe. Just like your social security number, your business tax ID number should be kept confidential. It’s also important to store it safely, either in a locked file cabinet or on a secure cloud storage service.

Your business tax ID number, also called an EIN, is a unique number that identifies your business with the IRS. It’s similar to your social security number, and it’s required on all tax forms and documents. Your CPA or accountant can provide you with this number. Your bank may also have it on file.

The IRS requires that you provide proper documentation when requesting your tax ID number. Without this documentation, you can’t receive your tax return or an EIN confirmation letter. However, if you have the proper documentation, you can request the tax ID number from the IRS directly. You’ll need your SS4 letter or an EIN confirmation letter to get your tax ID number. There’s no outside service for this purpose, but you can obtain an EIN number by calling the IRS directly.

You’ll need your EIN for several important business transactions, including filing business taxes and obtaining small business loans. Speed and accuracy are key, because missing your EIN could prevent you from getting crucial funding for your business or meeting deadlines for your business taxes.

Why do you require to know your company tax ID number?

The IRS needs most kinds of companies to request an EIN. The exceptions are some sole owners and owners of single-member LLCs, who can utilize their social security number instead of an EIN. Even small company owners who do not have to get an EIN typically choose to get one so that they’re able to separate their company and personal financial resources.

In the case that the IRS needs you to get an EIN or if you select to get one, these are a few of the circumstances where you’ll require to offer your company tax ID number:

• When filing business tax returns or making business tax payments

• When applying for a business loan

• When opening a business bank account

• When applying for a business credit card

• When issuing Form 1099s to independent contractors