EIN Oregon
April 22nd, 2011
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Question: Do I need to do anything if I don’t plan on continuing my small business?
In 2007 I got my EIN for an art gallery I opened with my husband. We probably spent $5000 getting it going, made less than $500 over 9 months, got pregnant and shut our doors. Never filed taxes. It’s now two years later and i’m worried that I should have formally closed the business somehow. Should I do anything , if so, what? I live in Oregon if that matters. Thanks for the input!
Answer: Yes, absolutely. I have been taking accounting for the past 3 years and we briefly covered this topic. So, I looked into it a little deeper to get you a solid answer and unfortunately, it’s not just a simple and easy process.
Check out this link the the IRS website to get so more information on it. Best of Luck! :0)
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