5 Ways Get EIN

Introduction to Obtaining an Employer Identification Number (EIN)

Obtaining an Employer Identification Number (EIN) is a crucial step for any business, as it serves as a unique identifier for tax purposes and is required for various business operations, such as opening a business bank account, hiring employees, and filing tax returns. The process of getting an EIN is relatively straightforward and can be completed online, by phone, or through the mail. In this article, we will explore the different ways to obtain an EIN, highlighting the benefits and requirements of each method.

Understanding the Importance of an EIN

Before diving into the methods of obtaining an EIN, it’s essential to understand its significance. An EIN is a nine-digit number assigned by the Internal Revenue Service (IRS) to identify a business entity. It’s used to report employment taxes, income tax, and other business-related taxes. Having an EIN also helps to establish a business’s credibility and legitimacy, making it easier to open business accounts, apply for loans, and conduct other business operations.

Method 1: Applying Online

The most convenient way to obtain an EIN is through the IRS website. The online application process is available from 7:00 a.m. to 10:00 p.m. local time, and it typically takes about 15-30 minutes to complete. To apply online, you’ll need to provide basic business information, such as the business name, address, and type of business. You’ll also need to provide your personal identification information, including your name, address, and Social Security number or Individual Taxpayer Identification Number (ITIN).

Method 2: Applying by Phone

If you prefer to apply for an EIN over the phone, you can call the IRS Business and Specialty Tax Line at (800) 829-4933. The phone application process is available from 7:00 a.m. to 7:00 p.m. local time, and it’s recommended that you have all the necessary information ready before calling. The IRS representative will guide you through the application process, and you’ll receive your EIN immediately after completing the application.

Method 3: Applying by Mail

You can also apply for an EIN by mail using Form SS-4, Application for Employer Identification Number. The form can be downloaded from the IRS website or obtained by calling the IRS at (800) 829-4933. Once you’ve completed the form, mail it to the IRS address listed on the form. The processing time for mail applications can take up to 4-6 weeks, so it’s essential to plan ahead and apply well in advance of when you need the EIN.

Method 4: Applying by Fax

Another option for applying for an EIN is by fax. You can complete Form SS-4 and fax it to the IRS at (855) 214-2225. The fax application process is available ²⁴⁄₇, and you’ll receive your EIN by mail within 4-6 weeks. Make sure to include your fax number on the application so the IRS can send you the EIN confirmation.

Method 5: Using a Third-Party Service

If you’re short on time or prefer to have someone else handle the application process, you can use a third-party service to obtain an EIN. These services typically charge a fee and will handle the application process on your behalf. However, be cautious when using third-party services, as some may charge excessive fees or have hidden costs.

📝 Note: When applying for an EIN, make sure to have all the necessary information ready, including your business name, address, and type of business, as well as your personal identification information.

Comparison of EIN Application Methods

The following table summarizes the different EIN application methods, including their benefits and requirements:

Method	Benefits	Requirements	Processing Time
Online	Fast, convenient, and available 24/7	Business information, personal identification	Immediate
Phone	Personalized assistance, immediate EIN	Business information, personal identification	Immediate
Mail	No fee, can be done at any time	Completed Form SS-4, business information, personal identification	4-6 weeks
Fax	Fast, convenient, and available 24/7	Completed Form SS-4, business information, personal identification, fax number	4-6 weeks
Third-Party Service	Convenient, handles application process	Business information, personal identification, fee payment	Varies

In summary, obtaining an EIN is a crucial step for any business, and there are various methods to apply for one. By understanding the benefits and requirements of each method, you can choose the one that best suits your needs and ensure a smooth and efficient application process.