The Small Business Tax Help Blog

Posts Tagged ‘EIN’

Question: After forming corp in PA, do I obtain corp EIN next or do I apply for S corp w/ IRS?

I just applied for corporate status w/ state of PA. I want to make it a S corp. Do I get EIN first from IRS or is my next step applying for S corporation and then get the corporate tax ID..

Answer: Fill out the EIN (SS-4) and put applied for in the corporation column. Then you complete the S-Corporation form (2553 I believe).

Good luck

9 tips on the 10 percent tax on tanning services

Starting July 1, 2010, many businesses offering tanning services must collect a 10 percent excise tax on the tanning services they provide. This excise tax requirement is part of the Affordable Care Act that was enacted in March 2010.

America - Freedom to Fascism (Deutsch) 10von11

Question: Do banks notify the IRS when you open a business bank account?

I am starting a small home business as a sole-proprietorship (DBA), and will be using my social security number in lieu of a federal tax id. I was just curious if bank reporting policies were different for business accounts from those of personal accounts. Thanks!

Answer: No. They only, maybe, report any transaction over $10,000. 00.

You will need to get a Fed Tax ID if you are going to continue in business with income over $6,000.00

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Get your Tax ID in minutes. Fast, Secure online form. www.gov-tax.net

CCHR (Scientology) violates IRS tax law

Question: Is my federal EIN Application information made public?

I just applied for an EIN for my newly formed LLC. I had to provide my name and social security number as the sole member of the LLC.
In the future can a creditor or someone with a judgement against me simply search an IRS database for my name or social security number and find out that I own this particular LLC?

Answer: It's not made available to the public but your creditor, such as a bank, would have your info anyway, let's say you had to take out a loan for the business.

IRS identifies organizations that have lost tax-exempt status

WASHINGTON -- The Internal Revenue Service announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes the vast majority of these organizations are defunct, but it also announced special steps to help any existing organizations to apply for ...

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Question: For new businesses do you open business bank account with ein number or duns number?

Answer: I used my Tax ID number. You need to consult your bank for what they need. Check their website or call ahead of time.

Ad hoc: LifeWatch AG gibt die Resultate für das erste .

——————————————————————————– Ad-hoc-Mitteilung übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt ist der Emittent verantwortlich.

Sara Nuru, Deutschlands knackigster Po in New York

Financial incentives bring renewable energy businesses — but not experience

The Vineland Solar One solar energy plant at the Landis Sewerage Authority in Vineland. Financial incentives have the state’s renewable energy market booming, but some say it is like “the Wild West.”

Ein Tag Bundeswehr – One Day of German Federal Armed Forces