An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is used to identify a business and is required for a business to file taxes. Read more below on how to apply for your FEIN.
Step 2 Obtain a Federal Tax ID from the IRS
A Federal Employer Identification Number (FEIN or EIN), or Federal Tax Identification Number, is a 9-digit number the IRS gives to your business. It is used to identify your business for tax purposes, similar to a Social Security Number.
Most businesses need a FEIN to:
- File federal and state tax returns
- Open business bank accounts
- Hire employees
- Apply for business licenses
- Obtain a Maryland Tax ID Number from the Maryland Comptroller
Apply for a FEIN
You can apply for a FEIN in three ways:
- Online through the IRS website
- Download and submit a form from the IRS website
- Call the IRS at 1-800-829-4933
Note: You must have a Maryland SDAT Identification Number before you can apply for a FEIN. You will receive this number when you register your business with the state.
Keep Your Business Information Consistent
When you work with different government agencies, you must use the exact same business information every time. Make sure your business name, address, and structure are the same in all paperwork. This is important because:
- Agencies share information with each other
- Inconsistent information can delay your applications
- You might face problems with taxes or licenses
- Banks may refuse to open accounts if the information doesn’t match