FEIN - Federal Employer Identification Number

[ Join discussion ]

Message Author
PostPosted: Wed Aug 25, 2010 8:01 pm   Post subject: Valid EIN Numbers  

Is 29 the first 2 digits of a FEIN number a valid number?


_________________
Register Now to have your Insurance queries solved.
Avnet
Guest





1.00 Dollars($)

PostPosted: Thu Aug 26, 2010 2:35 am   Post subject: Business license/IBT number  

How many digits is Business license number? Is a IBT no. the same as your Business License number?


_________________
Register Now to have your Insurance queries solved.
meomy
Guest





1.00 Dollars($)

PostPosted: Thu Aug 26, 2010 2:37 am   Post subject:   

how many digits is the Business License number


_________________
Register Now to have your Insurance queries solved.
meomy
Guest





1.00 Dollars($)

PostPosted: Thu Aug 26, 2010 7:07 am   Post subject:   

Business license number?? We can't answer a question like that here. There are as many ways to identify a business license number as there are jurisdictions that issue business licenses.



_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Forum Expert
MaxHerr
Joined: 29 Nov 2009
Posts: 7888

Location: Pomona CA
107.61 Dollars($)

PostPosted: Thu Sep 09, 2010 4:17 am   Post subject: scenario revolution  

open physical apple


_________________
Register Now to have your Insurance queries solved.
wattkinsst
Guest





1.00 Dollars($)

PostPosted: Thu Sep 09, 2010 4:18 am   Post subject: gas organizations globally  

oscillation level keep orbital


_________________
Register Now to have your Insurance queries solved.
westbyhadf
Guest





1.00 Dollars($)

PostPosted: Thu Sep 16, 2010 5:15 am   Post subject: projected concerns seasonal  

results cycles particularly


_________________
Register Now to have your Insurance queries solved.
elmorerone
Guest





1.00 Dollars($)

PostPosted: Tue Sep 28, 2010 2:16 pm   Post subject: stratosphere attributed began united thus  

globally technology relatively


_________________
Register Now to have your Insurance queries solved.
davidsonki
Guest





1.00 Dollars($)

PostPosted: Wed Sep 29, 2010 9:42 am   Post subject: How to find our family corporation fein number  

How do I find our family corporation F.E. I.N or E.I.N. Thank you. Will


_________________
Register Now to have your Insurance queries solved.
will sandstrom
Guest





1.00 Dollars($)

PostPosted: Wed Sep 29, 2010 6:27 pm   Post subject:   

Contact the IRS -- or look for a copy of a tax return somewhere.



_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Forum Expert
MaxHerr
Joined: 29 Nov 2009
Posts: 7888

Location: Pomona CA
107.61 Dollars($)

PostPosted: Mon Oct 11, 2010 12:30 pm   Post subject: crafts  

I am setting up at craft shows and am wanting to know if I would get into trouble if I used my ss# instead of getting a fein #. We have not made any profit yet and are assuming that when we do it will be minimal. I am mainly interested on the tax free benefits that a vendors license would bring and the fact that some shows require that vendors have a license. Any insight into this matter would be greatly appreciated!



Thanks!


_________________
Register Now to have your Insurance queries solved.
crafter
Guest





1.00 Dollars($)

PostPosted: Mon Oct 11, 2010 2:48 pm   Post subject: FEIN vs TIN  

I have an LLC and I have two different numbers. An eleven digit number for the FEIN and a 9 digit number of the TIN. Can you please explain the difference and why I have two?


_________________
Register Now to have your Insurance queries solved.
Denise at TriPlan
Guest





1.00 Dollars($)

PostPosted: Mon Oct 11, 2010 3:25 pm   Post subject:   

Denise . . .



The Federal Employer Identification Number ("FEIN") is ONLY a 9 digit number (similar to the Social Security Number (SSN) of an individual), but divided into a two digit and a seven digit component, such as 95-0000000. It is issued by the Internal Revenue Service (IRS). It is issued to employers for the purpose of paying payroll tax ("FUTA") and depositing employees' income tax and Social Security/Medicare contributions withheld from gross pay.



A Taxpayer Identification Number ("TIN") is also issued by the IRS (but not specifically a FEIN), to "persons" who may have a US income tax liability (as an employee or contractor, or even as a trust or charitable foundation) or who need a "tax reporting" number for the purpose of conducting financial or other transactions in the US that may or may not be subject to taxation (such as "backup withholding" of income taxes on investment gains imposed on foreign nationals). These persons can be citizens of or businesses in other countries in addition to persons living or working in the US.



If you have some sort of reporting number that is 11 digits long, it may be a state taxpayer identification or other registration number of some kind, but it is not a federally-issued FEIN/TIN.



It could be your state's method of registering and identifying an LLC, which has nothing to do with a FEIN. A FEIN is a type of TIN. A person's Social Security Number is a type of TIN. An LLC cannot have a Social Security Number, only "natural" persons have a SSN.



The 11 digit number might also be a state's sales tax reporting number issued to a business or individual, which is different than a federally-issued FEIN/TIN/SSN.



Unless something has changed in the past few days that we're not aware of.



_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Forum Expert
MaxHerr
Joined: 29 Nov 2009
Posts: 7888

Location: Pomona CA
107.61 Dollars($)

PostPosted: Mon Oct 11, 2010 3:36 pm   Post subject:   

Crafter . . .



Quote:
am wanting to know if I would get into trouble if I used my ss# instead of getting a fein #




Absolutely not. At least as long as you are the sole "employee" of your business.



You will eventually report your earnings (losses) from self-employment on a Schedule C along with your Form 1040 when you file your income tax return. The IRS actually PREFERS that sole-proprietors who have no employees use their Social Security Number (SSN) instead of applying for and using a Taxpayer Identification Number (TIN).



If, at some point in the future, it becomes necessary to hire one or more employees, then you will need a FEIN in order to report their tax withholding and make payroll tax deposits. Most states will require you to then have a state employer identification number of some kind as well.



Good luck with your business venture. Be aware that some show venues may require you to have a liability insurance policy (Commercial General Liability). You would get that coverage through a local insurance agent/broker. It could cost several hundred dollars per year.


_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Forum Expert
MaxHerr
Joined: 29 Nov 2009
Posts: 7888

Location: Pomona CA
107.61 Dollars($)

PostPosted: Thu Oct 21, 2010 12:15 am   Post subject:   

As a corparation we applied for a FEIN and it was applied for by an ex share holder. Can we continue to use that FEIN number or do we need to applied for another one?


_________________
Register Now to have your Insurance queries solved.
LikeNewCars&Trucks
Guest





1.00 Dollars($)

All times are GMT
 Previous  1, 2, 3, 4, 5, 6, 7, 8, 9  Next  
Page 5 of 9

 
Delete this topic Move this topic Unlock this topic Split this topic 

Get free auto insurance quote
State Auto Insurance Laws in USA

USA Auto Insurance laws
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

    Connection Error: Connection refused