Most businesses are required to get an EIN, which is free and can usually be obtained the same day you apply for one on the IRS website. An EIN is mandatory for most businesses, and optional for ...

If you have an inactive LLC, you might think you can skip filing taxes this year. But that’s not the case. Even if your ...

If you're a sole proprietorship, your EIN is your social security number. If you have one or more employees, you're required to withhold income tax and Social Security tax from each employee's ...

Similar to a Social Security number, an EIN is a unique number issued by the IRS to businesses in order to track filings and taxes. EINs are required by every type of business except single-member ...