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ITIN Phone Assistance
215-516-ITIN (4846)
215-516-ITIN (4846)
What is Tax ID (EIN)
TAX ID is Tax Identification number also known as EIN (Employer
Identification Number) and is issued by IRS. After a business is
started you have to apply for new EIN.
Who needs EIN?
If you are starting new business for example Corporation, LLC or
Partnership or plan to have employees or a business checking
account, you will need EIN. Obtaining a Tax ID number doesn't
cost any money. Download the instructions and EIN form. You can
apply by phone, fax or mail. You can also call toll free at (800)
829 4933 and get EIN instantly over the phone. If you apply by
fax, it takes about 4-5 business days. If you apply by mail, it takes
about 3-4 weeks. You can also apply over the Internet on IRS
website. You will get your EIN instantly.
When can you use your EIN?
The EIN is your permanent number and can be used immediately
for most of your business needs including
- Opening a bank account
- Applying for business licenses
- Filing a tax return by mail.
However it will take up to two weeks before your EIN becomes part
of the IRS permanent records. You must wait until this occurs
before you can
- File an electronic return
- Make an electronic payment
- Pass an IRS Taxpayer identification Number (TIN) matching
program
Where can I get other IRS Tax forms?
GO TO - http://www.incsmart.biz/irsfilings.html on the IncSmart
web site.
What do I do if I need to make corrections?
If you need to make changes to your organization's information,
you must do so in writing and mail the information to the address
provided at http://www.irs.gov/file/article/0,,id=111138,00.html
TAX ID is Tax Identification number also known as EIN (Employer
Identification Number) and is issued by IRS. After a business is
started you have to apply for new EIN.
Who needs EIN?
If you are starting new business for example Corporation, LLC or
Partnership or plan to have employees or a business checking
account, you will need EIN. Obtaining a Tax ID number doesn't
cost any money. Download the instructions and EIN form. You can
apply by phone, fax or mail. You can also call toll free at (800)
829 4933 and get EIN instantly over the phone. If you apply by
fax, it takes about 4-5 business days. If you apply by mail, it takes
about 3-4 weeks. You can also apply over the Internet on IRS
website. You will get your EIN instantly.
When can you use your EIN?
The EIN is your permanent number and can be used immediately
for most of your business needs including
- Opening a bank account
- Applying for business licenses
- Filing a tax return by mail.
However it will take up to two weeks before your EIN becomes part
of the IRS permanent records. You must wait until this occurs
before you can
- File an electronic return
- Make an electronic payment
- Pass an IRS Taxpayer identification Number (TIN) matching
program
Where can I get other IRS Tax forms?
GO TO - http://www.incsmart.biz/irsfilings.html on the IncSmart
web site.
What do I do if I need to make corrections?
If you need to make changes to your organization's information,
you must do so in writing and mail the information to the address
provided at http://www.irs.gov/file/article/0,,id=111138,00.html
| info@incsmart.biz Open 24 Hours 702-940-9845 |
| NOMINEE EIN INFORMATION |
The IRS does not authorize the use of nominees to obtain EINs. All EIN applications (mail, fax,
phone, electronic) must disclose the name and Taxpayer Identification Number (SSN, ITIN, or
EIN) of the true principal officer, general partner, grantor, owner or trustor. This individual or
entity, which the IRS will call the “responsible party,” controls, manages, or directs the applicant
entity and the disposition of its funds and assets.
If you used a nominee for the EIN Application process -
What the Terms “Nominee” and “Responsible Party” Mean
A “nominee” is someone who is given limited authority to act on behalf of an entity, usually for a
limited period of time, and usually during the formation of the entity. The “principal officer,
general partner,” etc., as defined by the IRS, is the true “responsible party” for the entity,
instead of a nominee. The “responsible party” is the individual or entity that controls, manages,
or directs the entity and the disposition of the entity’s funds and assets, unlike a nominee, who is
given little or no authority over the entity’s assets. If there is more than one responsible party,
the entity may list whichever party the entity wants the IRS to recognize as the responsible party.
How to Update the Information
There is no form available to update the information, and the IRS asks entities updating their
information NOT to submit a second EIN application. Instead, the IRS asks that the entity send a
letter, on company letterhead, if available, providing the name and Taxpayer Identification
Number of the current principal officer, general partner, grantor, owner, or trustor. Be sure to
include the entity’s complete name, EIN, and mailing address so we can correctly identify your
IRS account.
phone, electronic) must disclose the name and Taxpayer Identification Number (SSN, ITIN, or
EIN) of the true principal officer, general partner, grantor, owner or trustor. This individual or
entity, which the IRS will call the “responsible party,” controls, manages, or directs the applicant
entity and the disposition of its funds and assets.
If you used a nominee for the EIN Application process -
What the Terms “Nominee” and “Responsible Party” Mean
A “nominee” is someone who is given limited authority to act on behalf of an entity, usually for a
limited period of time, and usually during the formation of the entity. The “principal officer,
general partner,” etc., as defined by the IRS, is the true “responsible party” for the entity,
instead of a nominee. The “responsible party” is the individual or entity that controls, manages,
or directs the entity and the disposition of the entity’s funds and assets, unlike a nominee, who is
given little or no authority over the entity’s assets. If there is more than one responsible party,
the entity may list whichever party the entity wants the IRS to recognize as the responsible party.
How to Update the Information
There is no form available to update the information, and the IRS asks entities updating their
information NOT to submit a second EIN application. Instead, the IRS asks that the entity send a
letter, on company letterhead, if available, providing the name and Taxpayer Identification
Number of the current principal officer, general partner, grantor, owner, or trustor. Be sure to
include the entity’s complete name, EIN, and mailing address so we can correctly identify your
IRS account.
What is an ITIN?
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the
Internal Revenue Service. It is a nine-digit number that always begins with the number 9 and has
a range of 70-88 in the fourth and fifth digit, example 9XX-70-XXXX.
IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number
but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the
Social Security Administration (SSA).
ITINs are issued regardless of immigration status because both resident and nonresident aliens
may have a U.S. filing or reporting requirement under the Internal Revenue Code.
Individuals must have a filing requirement and file a valid federal income tax return to receive an
ITIN, unless they meet an exception.
What is an ITIN used for?
ITINs are for federal tax reporting only, and are not intended to serve any other purpose. An ITIN
does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned
Income Tax Credit. ITINs are not valid identification outside the tax system.
IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to
efficiently process and account for tax returns and payments for those not eligible for Social
Security Numbers.
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the
Internal Revenue Service. It is a nine-digit number that always begins with the number 9 and has
a range of 70-88 in the fourth and fifth digit, example 9XX-70-XXXX.
IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number
but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the
Social Security Administration (SSA).
ITINs are issued regardless of immigration status because both resident and nonresident aliens
may have a U.S. filing or reporting requirement under the Internal Revenue Code.
Individuals must have a filing requirement and file a valid federal income tax return to receive an
ITIN, unless they meet an exception.
What is an ITIN used for?
ITINs are for federal tax reporting only, and are not intended to serve any other purpose. An ITIN
does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned
Income Tax Credit. ITINs are not valid identification outside the tax system.
IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to
efficiently process and account for tax returns and payments for those not eligible for Social
Security Numbers.