FEIN - Federal Employer Identification Number

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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?


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PostPosted: Thu Oct 21, 2010 7:41 am   Post subject:   

Quote:
As a corparation we applied for a FEIN




Unless the corporation itself has been dissolved and reconstituted, it doesn't matter who signed the original request for the FEIN. The FEIN is assigned to the corporation, not the person.



You should be 100% fine as-is.


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PostPosted: Wed Oct 27, 2010 9:14 pm   Post subject: forgot fein #  

I forgot my fein number and need it in order to get paid.. How do I find it?


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PostPosted: Thu Oct 28, 2010 7:16 pm   Post subject:   

Are you asking about a FEDERAL EMPLOYER IDENTIFICATION NUMBER, or a "Taxpayer Identification Number" or a Social Security Number?



A FEIN is issued to employers, not normally to private persons or sole proprietors. A TIN is issued to non-resident non-citizens who work or conduct business in the US, or otherwise need access to the American financial systems. A SSN is issued to private persons -- citizens, and resident non-citizens.



If you have filed a tax return under any of those circumstances, then your "number" will be on the tax return.



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PostPosted: Sun Nov 07, 2010 8:24 am   Post subject: FEIN #  

Why do we need a FEIN # to collect unemployment insurance?


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PostPosted: Sun Nov 07, 2010 8:58 am   Post subject:   

Quote:
Why do we need a FEIN # to collect unemployment insurance?




YOU don't need a FEIN to collect unemployment, but you have to supply the FEIN of your most recent employer as part of your application for benefits so they know whose Unemployment Insurance account to charge.



It's important because employers who cause more unemployment claims get to pay higher payroll taxes as a result.



You can find your former employer's FEIN on your Form W-2 (Wage and Tax Statement) for 2009 (if you have it), or by simply calling your former employer to ask for it. There is no reason for them not to give you the number (and it may actually be a violation of law for them not to give it to you on request).


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PostPosted: Mon Nov 15, 2010 7:57 pm   Post subject: FEIN request  

I have a house in a Trust for my son so he can lease it and collect the rent money. My son is also one of the Trustees and I would like for him to be able to file the end of year form for that Trust to the IRS. He will be responsible to pay any due taxes to the IRS. Is this possible and can you help me fill out the form so I can establish an FEIN and give it to him, I do not know how. Pleeeeeease help me.



my email is lizziegr@yahoo.com


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PostPosted: Tue Nov 16, 2010 9:26 am   Post subject:   

You don't apply for a FEIN, you apply for a TIN. If you have a trust, you should already have a TIN/SSN associated with it. Contact the lawyer who set up the trust.



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PostPosted: Tue Nov 16, 2010 12:38 pm   Post subject: Church F.E.I.N. numbers  

Do I need any documentation to obtain an F.E.I.N. number to start a church?


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PostPosted: Tue Nov 16, 2010 4:43 pm   Post subject: FEIN Number  

Hello,



I own a restaurant, and I have just leased a second location. Do I need a second FEIN number or can I use the one for my current business for both locations? Both locations will have the same name, but they are located in different towns, both in Illinois.



Thanks!

Christie


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PostPosted: Wed Nov 17, 2010 3:19 am   Post subject:   

Quote:
Do I need any documentation to obtain an F.E.I.N. number to start a church?




You simply need to fill out the form to obtain the FEIN. It can be done online (that is now the IRS' preferred method of application):



Quote:
Apply Online

The Internet EIN application is the preferred method for customers to apply for and obtain an EIN. Once the application is completed, the information is validated during the online session, and an EIN is issued immediately. The online application process is available for all entities whose principal business, office or agency, or legal residence (in the case of an individual), is located in the United States or U.S. Territories. The principal officer, general partner, grantor, owner, trustor etc. must have a valid Taxpayer Identification Number (Social Security Number, Employer Identification Number, or Individual Taxpayer Identification Number) in order to use the online application.




For more information, visit the IRS website:



http://www.irs.gov/businesses/small/article/0,,id=97860,00.html



Quote:
Do I need a second FEIN number or can I use the one for my current business for both locations?




It depends on how the employees will be paid. If all of the operations are under the same corporate umbrella, and corporate payroll for both locations is processed at the same time and paid from the same account, then you don't need a second FEIN. But if there is anything different about the ownership of the second location (regardless of the same business name over the door), then you may need a second FEIN.



See the above referenced IRS website for the answer to your questions.


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PostPosted: Fri Nov 19, 2010 3:37 pm   Post subject: Fein ?  

I have recently received a FEIN # and I marked on the form that I was going to be an LLC, however, I have decided that I will be a sole proprietor. What should I do if anything?


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PostPosted: Fri Nov 19, 2010 6:03 pm   Post subject:   

Nothing. Your intent does not affect the issue of a FEIN. However, as a sole-proprietor, if you have no employees, and do not intend to have any employees in the future, the IRS prefers that you only use your Social Security Number for business tax purposes. Makes it easier for them to find you.



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PostPosted: Tue Dec 14, 2010 4:20 am   Post subject: FEIN versus EIN  

Whats the difference between FEIN and EIN?



Thanks.



Ann


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PostPosted: Tue Dec 14, 2010 9:53 am   Post subject:   

Quote:
Whats the difference between FEIN and EIN?




Essentially there is no difference. However, most states with a corporate/business/individual income tax will require their own tax ID number for the purpose of filing any tax return other than for an individual or sole proprietor. So you could have a Federal EIN and a separate state EIN.



This is common in most states.


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