A tax ID number is defined as an identification number used in implementing tax laws by the Internal Revenue Service, or IRS. The tax identification number is also referred to as TIN and is issued by either the IRS or Social Security Administration, or SSA.
Tax benefits of an LLC include pass-through taxation, which avoids double taxation of corporate profits, a choice on how to be taxed, and deduction of business expenses, according to the Houston Chronicle. Profits for LLCs are generally reported on each member's persona...
The Internal Revenue Service assigns each school a tax ID number for the purpose of tax administration, according to the Seattle PI. The federal government recognizes schools as business entities and therefore requires a tax identification number.
A federal tax ID number, or an employer identification number, is a number used to identify business entities, the IRS says. This number is needed when businesses file withholding certificates, tax returns and documentation. Some trusts and estates need an EIN as well.
Company tax identification numbers are procured from the Internal Revenue Service, public company documents or fee-based resources such as Lexis or Westlaw. The IRS issues, stores and maintains all employer tax identification numbers in the United States. However, the I...
Federal Tax Identification Numbers are used for opening a bank account or brokerage account, and for reporting withholding tax. A Federal Tax Identification Number is also known as an Employer Identification Number or EIN, and is equivalent to a social security number f...
To apply for a business tax identification number, also called an EIN or Employer Identification Number, visit the Internal Revenue Service website, and click on the Employer ID Numbers link. Complete the online application, then print the confirmation number after rece...