An EIN, or Employer Identification number, serves as the tax ID for a variety of businesses, corporations, and organizations. Here are some advantages of filling for your EIN online:
Speed: One of the major benefits to obtaining your EIN online is speed. You can apply for an EIN online through the IRS website, or an affiliated site, and receive your number instantly. Meanwhile, applying via fax or main entails waiting up to two weeks, or longer, to receive your EIN number. If you happen to be behind schedule on taxes, the last thing you want to do is to spend weeks waiting for the EIN number to arrive in the mail.
Convenience: If you are busy, and don’t want to go out of your way to the post office, getting your EIN online is extremely convenient. Should you need to provide additional information, or if you make an error on your application, you will know immediately after applying online. Whereas if you apply by regular mail, you may await your EIN number for weeks, only to find out that you will need to re-submit your application due to some technical error. You can essentially set up your EIN application anywhere that has a secure internet connection, which allows you to get this important step out of the way quickly.
Guidance: Whether you need to find out how to check your EIN status, or need to find your old EIN number for the new tax season, websites have plenty of pointers and guidance. Most sites that let you obtain your EIN are linked to the IRS and will provide you a full list of criteria for you EIN.
Obtaining your EIN online is fast, simple, and can definitely help you have a less stressful tax season.