Tuesday 12 Dec 2017

Tax ID

If you’re an American business, after incorporating, you should get a Federal Tax ID Number (also known as an Employer ID Number or EIN).

This number is like a Social Security Number for your company. While it’s officially used for tax collection purposes, it also helps identify your company and verify it as a real business. Banks and Alibaba.com suppliers will ask you for this number to make sure you’re a serious business.

Getting a Federal Tax ID Number is simple. It’s just a matter of providing some basic information to the IRS. If you apply for your tax ID online, you’ll get one instantly. For more information, go to the IRS website at: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employer-ID-Numbers-(EINs)

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