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Federal tax id how to get

federal tax id how to get

Q: Do I need to file any paperwork with my state?

A: You will need to obtain a state employer number if you are an employer.

Q: Do businesses have to obtain the taxpayer identification number (TIN) from vendors and keep it somewhere on file.

A: Yes, you will need a form w-9 which is a Request for Taxpayer Identification Number.

Q: I am opening a business and plan to have employees. What license(s) do I need?

A: You will need a busines registration, an ein tax identification number, and a fictitious business name.

Q: Is there a fee charged to obtain a withholding identification number?

A: The fee for the state withholding identification number for our service is $79 and for the federal ID $29.

Q: How long does it take to get a withholding

tax number?

A: Most applicants registering Online on this site will receive their account number in one to three days. Others will receive their account number within ten business days. If the registration is not filed electronically, it may take up to four weeks. Withholding tax numbers cannot be obtained over the telephone.

Q: If I purchased an existing business, can I use the previous owner’s withholding identification number?

A: No, you must register for a new State and Federal withholding identification number

Q: How do I know how much State income tax to withhold from my employees’ wages (salary)?

A: You should use these forms along with the tax tables found in the publication to determine how much income tax should be withheld from each employee’s paycheck.

Q: What is the significance of a federal ID number ?

Category: Taxes

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