SS4 Form – What To Expect When Completing The SS4 Form
Every business that has employees must have an EIN (Employee Identification Number) for tax purposes obtained from an SS4 Form.
In fact, you are probably going to need your very own EIN, before you even start a business. EINs are usually nine digit numbers that are used to recognize employees and businesses for tax identification reasons.
The IRS will assign you this number and you will be required to input it on your business bank account, income tax forms, and employment tax payments and reports. Below you will learn more information about EINs
If you are looking to apply for an EIN, there are several different ways that you can go about doing so. The most preferred method is the online method.
The reason this method is so popular is because you can file it electronically, which is much faster than the snail mail method. However, before you are able to apply online you must provide the Internal Revenue Service with your proof of identity.
Another option that is available to you is applying by fax. To do this you will go online and print out the ss4 form, fill it out correctly, and fax it in.
When applying like this you will have to wait to receive the EIN in the mail. This method can take up to 4-7 business days, before you receive your EIN.
You can also print out the form, fill it correctly, and mail it. This method can take up to 4 weeks, before you receive your EIN.
You can even apply for an EIN by phone if you want. This is also another preferred method because by the end of the conversation your SS4 form will be processed. All you need to do is contact your IRS office, go through the appropriate phone options, and give out the correct information.
Changing Your EINs
It is possible that at some point you may need to change your EINs. For example, if you have to file bankruptcy, change from a partnership to a corporation, or if you take on a new partner, you are going to have to acquire a new EIN.
If you find yourself in a situation like this then you are probably going to want to go online and apply for a new number. This will be you quickest method.
However, if you made a mistake while filling out the form, you do not need to go back through the ss4 forum. Instead you are going to submit a letter composed on a company letterhead and let the IRS know where you made the mistake.
You are also going to have to include your businesses full name, address, and EIN number, so that you can be identified correctly. Once you have done all this you will just simply mail in the letter to the IRS office.
Now you can see what an important role EINs play in a business. If you are looking to start a business in the near future, then you better educate yourself on the EIN, before you actually complete the SS4 form.