Tax Id Number Information

NEW BUSINESS TAX ID NUMBER

Tax Id Number Information:

 

Get Your Tax Id Number Now!  Answer  a Simple & Fast Questionnaire to Find Out What You Need to Start Your Business

   .

NEW BUSINESS TAX ID:  starting business, especially starting a new business, it is a new business development and may need a new business consultant.  However, here you can find out what tax ids you need for your new business.  Business structures such as sole proprietors, partnerships, or corporations and llcs seek new business advisor to find out about what tax ids they need to start.  However, here is what you need:

 

First, tax id number is a number that a government issues to identify a business for various tax purposes. 

There are five main tax id numbers: 

  1. A federal tax id number

  2. A State Employer Tax Id Number

  3. A Sales Tax Id Number

  4. A County Tax Id Number

  5. A City Tax Id Number

 

A federal tax id number is issued primarily to partnerships, corporations, and employers.   A sole owner can obtain one and use it as a business tax id number to be used in applications. For example, you are starting "Online King" an ebay online business and you have an employee.  You will need a federal tax id ( as well as a state employer number ) to pay employment tax.    Partnerships will need one because the partnership must be indentified independently from its partners and corporations need it as a corporation id but it can also be used as an employer number for the corporation as well as the partnership.

 

A State Employer Number  ( as well as a federal tax id number ) is required for all businesses that have or will soon hire employees .

 

A sales tax id number is required in two cases:

  1. If you are a wholesaler so you can sell without charging taxes.

  2. If you are a retailer that wants to buy wholesale or sell online and collect taxes.

A County Sales Tax Id is required in some states for the purpose mentioned in the state sales tax id case

A City Tax Id or business tax receipt registration number is required from most cities in the United States.

If You Are Starting a Business, You Need The Following  Tax Id Numbers:

  1.  All businesses need a business tax id registration number also called a business license.
  2. All businesses that want to buy wholesale ( i.e., buy without paying taxes), or sell retail and collect taxes,  need a State Sales Tax Id Number also called a seller's permit or resale tax id number.
  3. All businesses that have employees, need a federal tax id number ( also called an irs number) and a state employer tax id number.
  4. All businesses are advised to get a federal tax id number and use it as a business id number.  Note that a federal tax id number is also a federal employer number as well as a business id number.
  5. All corporations, partnerships, and llcs, are required to get a federal tax id number to use as a business tax id ( though, even sole proprietors can use it as a business tax id number if they so choose).

In conclusion, if you have employees, you need both a federal and state employer number.  If you are a corporation or llc, you need a federal tax id.  If you want to buy wholesale and sell retail, you need a wholesale or retail tax id number.  Other than that, you need a business tax registration id.

  •