Taxpayer EIN
December 6th, 2009
Question: “EIN” US Tax Numbers for Canadians (LinkShare requirement for iTunes affiliation)?
I am a Canadian trying to set up a website with links to the iTunes Music Store – was hoping for affiliate commissions to cover the costs involved in maintaining the site. LinkShare tells me I need an “EIN” Taxpayer ID from the US, but the IRS website talks of an ITIN. Are these different things? Will an ITIN be acceptable for LinkShare? And how long does it take for this number to be generated?
Answer: An EIN, employer ID number is for businesses and used primarily to report employment taxes. It is also the federal tax ID number for corporations, partnerships, estates and trusts. an ITIN, Individual Tax Identification Number is an ID number for individuals who are not entitled to a Social Security Number but have a tax presence in the USA. If you are a Canadian individual hoping to get commissions from referrals, this is the one you need.
Tax tips new business owners
Here are six tax tips the IRS wants new business owners to know:
How To Get An EIN For Your New Business
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