How to Get a FEIN Letter from the IRS
Obtaining a Federal Employer Identification Number (FEIN) from the IRS is a crucial step for any business owner in the United States. The FEIN, also known as an EIN, is a unique nine-digit number assigned to businesses for tax purposes. It is essential for opening a bank account, hiring employees, and filing taxes. In this article, we will guide you through the process of how to get a FEIN letter from the IRS.
Step 1: Determine Eligibility
Before applying for a FEIN, ensure that your business meets the eligibility criteria. Generally, all businesses except sole proprietors with no employees are required to obtain an EIN. If you are a sole proprietor with no employees, you can use your Social Security number instead of an EIN for tax purposes.
Step 2: Choose the Application Method
The IRS offers three methods for applying for a FEIN: online, by phone, and by mail. The online method is the fastest and most convenient option, while the phone and mail methods may take longer to process.
Step 3: Apply Online
1. Visit the IRS website at https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-ein-online.
2. Click on the “Apply for an EIN Online” button.
3. Fill out the online application form, providing your business information, such as the business name, address, and type of business.
4. Enter the personal information of the responsible party, such as your name, Social Security number, and contact information.
5. Review the information and submit the application.
6. Once your application is approved, you will receive your FEIN immediately. The IRS will also send you a confirmation letter with your FEIN number.
Step 4: Apply by Phone
1. Call the IRS Business and Specialty Tax Line at 1-800-829-4933.
2. Follow the prompts to speak with a representative.
3. Provide your business and personal information to the representative.
4. The representative will provide you with your FEIN over the phone.
Step 5: Apply by Mail
1. Download and print the Form SS-4, Application for Employer Identification Number, from the IRS website at https://www.irs.gov/instructions/i1040ss-4.
2. Fill out the form, providing your business and personal information.
3. Mail the completed form to the IRS address listed on the form.
4. Allow 4 to 5 weeks for processing.
5. Once your application is approved, the IRS will send you a confirmation letter with your FEIN number.
In conclusion, obtaining a FEIN letter from the IRS is a straightforward process. By following these steps, you can ensure that your business is compliant with tax regulations and can operate smoothly.
