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How Do You Get A Vendor Federal Tax ID?

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How Do You Get A Vendor Federal Tax ID?

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The Internal Revenue Service (IRS) requires most companies that file business tax forms and tax returns to obtain a federal tax ID, also known as an Employer Identification Number (EIN). Vendors must also have a federal EIN in order to hire employees or contractors and file Forms W-2 and 1099 at the end of the tax year. Some very small businesses and sole proprietors may use the Social Security Number of the owner in lieu of the federal EIN. However, they are still encouraged to apply for an EIN. If you are a vendor that needs to apply for an EIN, the IRS has many options available to you. Apply for a federal tax ID online using the IRS Internet EIN application. This is a free method that will allow you to receive your EIN instantly. You must have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to use the Internet EIN application. (See Reference 1.) Call the Business and Specialty Tax Line at (800) 829-4933. The phone line is open from 7:00 a.m. to 10

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