What is a Federal Tax ID number?
A Federal Tax ID number is a nine-digit number issued by the Internal Revenue Service (IRS) to businesses. It’s sometimes called an EIN. Your EIN (Employer Identification Number) is used to identify your business entity and assist the IRS with the administration of tax laws.
A Federal Tax ID number is issued to business entities in the USA by the Internal Revenue Service (IRS). It is sometimes referred to as an EIN (Employer Identification Number). Generally, if you want to expand your business to the US and set up a subsidiary company, you’ll need to apply for a Federal Tax ID number (EIN number). This nine-digit number allows the IRS to identify your business entity and administer US tax laws.
You can apply for an EIN in a number of ways, such as by fax, mail and online. International applicants can also apply by telephone, but you’ll just need to make sure that the person making the call is authorised to receive the EIN and answer questions concerning a ‘SS-4’ form. You can authorise a third party to do this for you in a specific section of the form.
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