- Sales Tax Permit & Business License Guide
- What Is a Seller’s Permit?
- How to Get a Seller’s Permit
- Seller’s Permit Requirements
Browse state-by-state guides for sales tax permits, seller’s permits, resale certificates, and tax ID numbers.
Key Takeaways Non-profits can get an EIN without an SSN by applying by fax or mail and writing “Foreign” where an SSN/ITIN is requested. You’ll need a “responsible party” name and address; the IRS accepts a foreign passport number or “Foreign” when no U.S. tax ID exists. Having your formation details ready (legal name, mailing
Key Takeaways An S-corporation needs an EIN to file federal payroll and income tax forms, open business bank accounts, and run compliant payroll. You must have an EIN before filing IRS Form 2553 to elect S-corp status and before issuing Forms W-2 or 1099s under the corporation’s tax identity. Getting a new EIN is required
Key Takeaways Most conversions from a sole proprietorship to an LLC require a new EIN because the owner is creating a new legal entity. If you keep operating as a single-member LLC with no employees and no excise tax filings, you may be able to use your existing EIN in limited cases. Changing your business
Key Takeaways Foreign-owned LLCs can get an EIN without an SSN/ITIN by applying with IRS Form SS-4 and using the “foreign” SSN/ITIN option. Most foreign-owned single-member LLCs must file Form 5472 and a pro forma Form 1120 by the April 15 deadline (or the business’s tax-year due date). An EIN is often required to open
Key Takeaways A sole proprietor can often use an SSN, but an EIN is required in common situations like hiring employees, certain tax filings, or opening some business accounts. Using an EIN can reduce how often you share your SSN on W-9s, invoices, and vendor forms—helpful for privacy and recordkeeping. An EIN does not replace
Key Takeaways Single-member LLCs usually use the owner’s SSN/ITIN for some tasks, but an EIN is often required for payroll, excise taxes, certain banks, and elections. Multi-member LLCs generally need an EIN because they default to partnership tax treatment and file separate federal returns. Your LLC’s IRS “responsible party” must have an SSN, ITIN, or
Key Takeaways In 2026, an EIN for an LLC can be issued immediately in the best-case scenario, but processing time varies based on how you apply and whether your information matches IRS records. Most delays come from mismatched names/SSNs, using the wrong “responsible party,” selecting the wrong LLC tax classification, or applying before the LLC
Key Takeaways An EIN is issued by the IRS, but Colorado LLC owners commonly need it to open bank accounts, hire employees, and register for Colorado taxes. Colorado tax accounts are handled by the Colorado Department of Revenue, and many registrations run through Revenue Online. Colorado’s state sales tax is 2.9%, and many cities (including
Tax Deductions Every Small Business Owner Should Claim (and Why Your Tax ID Number Matters) Most small business deductions start with one basic requirement: your business has to be properly identified for tax reporting. A Tax ID Number (commonly an Employer Identification Number, or EIN) helps separate business activity from personal finances, supports accurate filing,
What Records Should You Keep for Tax Purposes? Why Tax Recordkeeping Matters (Even When You Have a Tax ID Number) Your Tax ID Number (often an EIN for a business, nonprofit, trust, or estate) connects your organization to tax filings, payroll reporting, information returns, and banking activity. Keeping complete records helps you: Prepare accurate federal
Browse state-by-state guides for sales tax permits, seller’s permits, resale certificates, and tax ID numbers.