Do I need a Federal Employer Identification Number (FEIN), also known as a Federal Tax Identification Number?
In short, the answer is yes. That number is a unique number used to identify your business. You’ll need it when registering your business with state or federal agencies. You must have an EIN if you sell goods and/or have employees. Occasionally, some sole proprietors choose to use their social security number (SSN) in lieu of an EIN; however, in today’s world where identify theft is a very real threat, it’s a safer bet to protect your SSN and use an EIN, even if you’re a sole proprietor. Follow these simple steps to receive your FEIN fast: • Apply online by visiting the IRS site at www.irs.gov, or • Call and apply by phone. Call the IRS at 800-829-4933. • The IRS will only issue an EIN over the phone or online to those duly qualified as listed above. • Write the number you are issued and keep it in a safe place. • If you would prefer to file for your FEIN by mail, visit the IRS website at www.irs.gov and download the Form SS-4. Complete, sign and date the form and mail to the address s