An Employer Identification Number (EIN) also known as a Federal Tax Identification Number, is used to identify a business and required for a business to file taxes. Read more below on how to apply for your FEIN.
Step 2 Obtain a Federal Tax ID Number from the IRS
Now that you have an SDAT Identification Number, most businesses will also need a Federal Employer Identification Number (FEIN) with the Internal Revenue Service (IRS). A FEIN is used to identify a business and is required for a business to file federal taxes.
Obtain a Federal Employer Identification Number from the IRS
Most businesses are required to register with the IRS to receive a Federal Employer Identification Number (FEIN). This is also sometimes referred to as an Employer Identification Number (EIN), or a Federal Tax ID Number. Some reasons for obtaining a FEIN include, but are not limited to:
- Paying federal and state taxes
- Obtaining a Maryland Tax ID Number from the Maryland Comptroller’s Office
- Opening a business bank account
- Hiring employees
You can apply for a FEIN online or download the form through the IRS’ website, or can call them at 1-800-829-4933. Remember, you must have a Maryland SDAT Identification Number in order to apply for a Federal Employer Identification Number. Once approved, your FEIN will be a nine-digit number.
When filing with different agencies for the same business, it is important you keep your business information consistent. For example: make sure the business name submitted to the IRS is identical to the business name registered with SDAT, including punctuation.