Difference between EIN and Texas Tax registration application?
I am a programmer by trade, but I am looking forward to starting a small business and operating online completely using a web-store. And I want to keep everything legal. So I have a few questions: 1. What is the difference between EIN (aka federal tax identification number) that is issued by IRS vs Sales tax permit that is sold by the state of Texas? Which one do I need and what is the purpose for each? Do I have to use both of these to pay different taxes? 2. Do I have to charge tax to customers who are not in my state (Texas)? Or do I only charge it for customers in Texas? If I sell to someone in California, who pays the tax to the state of California? 3. Where do I go to register the name of my business? 4. Is it necessary to form a corporation? Or can I operate without forming one? my major concern is #1. I see the two forms and don't know the difference between the two and what purpose each of them serve. Do I pay both federal and state taxes???
Do I need to get a new EIN to hire employees?
No, you are already an established business, you do not need to get another EIN unless you are changing the class of business you have (from LLC to something else) or you are closing and opening up a new business. You hire employees, fill out the paperwork. Just remember if you take out taxes, you are responsible for payroll taxes and filing the 941 form every quarter. The IRS doesn't mess around with those, I know from experience. Once you start taking out taxes, you can't stop. You must always do it. You can however, hire contractor workers (same as employees to you) but give 1099-misc forms so you don't take out taxes and end up responsible for payroll taxes. You need to search the www.irs.gov website to find out more information regarding all your options and what you will be responsible for as an employer. Oh and don't forget workman's comp and your state unemployment tax.
Self-employed, but do I need an EIN to pay a helper?
It's still more complicated than the other answerers have proposed. It depends on whether she's an employee or an independent contractor. You may apply for an EIN, whether or not you need one. There's no cost. If she's an an independent contractor, then you don't need an EIN; if you don't have one, and need to file a 1099, you'll need to give her your social security number on the 1099 as payor. If you don't trust her, that could be a problem. There may be additional state requirements. For example, California recently (2003?) added a requirement that, once you pay or contract to pay an independent contractor $600 or more, you need to file a statement with the state employmentagency (EDD) within 30 days, so that the state can contact you to withhold payment if there is any outstanding child support obligations. (removed details on what to do if she's an employee, as I saw your "additional details" while cross-checking the information I was working on.) There's a space on Schedule C to provide an EIN, if you have one. It doesn't otherwise effect the return.
What is the minimum number of employees required for registration under EPF?
PF is one of the primary platform of savings for working class in India. An Establishment or business is mandatory required to obtain EIN No. if total employee strength is 20 or more. The total strength of employee Includes contractors or temporary employees like housekeeping staff, daily wage worker security or other temporary workers in the business.Even if a company has employee strength less than 20 then too company can apply EIN. Provident fund Registration certificate should obtain within 30 days from the date of completing 20 employees.
Where can I get a Federal Tax ID (EIN) for the cheapest?
Getting an EIN directly from IRS.gov is free... The business licensing, legal paperwork and associated fees (e.g. state incorporation papers, fictitious name permit, local business license, article of organization, food handling, etc.) is what will cost you money, depending on state (here in California Seller's Permit is free but may need a deposit under certain conditions.
If I apply for an EIN as a non-resident from US will I need to pay taxes from my sales in and out of US?
Applying for or having an EIN does not affect what taxes are owed or are not owed to the IRS.However, as a non-resident alien, you owe U.S. taxes whenever you have taxable income from U.S. sources — this is something I would recommend talking to an accountant first.You can also refer to these two page to help you out with how non-U.S. residents are responsible for U.S. taxes: Taxation of Nonresident Aliens and International TaxpayersIf you have a U.S. Social Security Number (SSN), you may apply for your EIN here: Apply for an Employer Identification Number (EIN) Online➡ However, if you need an EIN but do NOT have a U.S. Social Security Number, feel free to contact me at sam@mollaeilaw.com and I can help you get your EIN.Read more here: How to Get Employer Identification Number (EIN) without SSN or ITIN
Do I need an EIN (Employer Identification Number) if I am operating a sole proprietorship consulting business using a DBA?
I'll answer based on my experience in these matters:Your personal SSN will suffice if this is a DBA sole proprietorship. And, you will report your income/losses/deductions on your Schedule C of your personal tax return.However, you will be joining the liabilities and risks of the company with your own. Any problem in your personal life or business life that reaches the point of a settlement or judgement against you will be able to go after assets on both sides. As a simple example, if there is a slip and fall on your property, the injured party can go after your personal assets as well as your business assets, if they can prove you are at fault for the accident. This may not be a desirable situation for you.This is why many businesses incorporate and file all the necessary forms. To keep these risks separated.I'm not an accountant nor a lawyer. Just an experienced business person. Contact a lawyer or accountant in your jurisdiction for specific advice applicable to your personal situation.
When hiring a lawyer to obtain an EIN for an LLC, does he become a member or and employee?
No, the lawyer will simply be working on this for you as a one-time service. Further, the attorney, for applying for the EIN on your behalf, does not become a member or employee of your LLC.If you have a Social Security Number or ITIN number, you may apply for an Employer Identification Number for free here: EIN Individual Request - Online Application However, if you do not have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), the following process should be followed:Retain a business lawyer to act as the third-party designee for your business. The business lawyer will prepare an Application for Employer Identification Number on your behalf.The business lawyer will contact the Internal Revenue Service Center for International applicants and fax the signed form to the Internal Revenue Service (IRS).The business lawyer will receive the Employer Identification Number for the foreign business on the same day.I have successfully received Employer Identification Numbers for more than 40 applicants without a Social Security Number or ITIN.Feel free to contact me at sam@mollaeilaw.com if you need to get an EIN without a Social Security Number or ITIN.
Who can apply for an EIN number?
If you answer yes to any of the following, you may need an Employer Identification Number (EIN):Do you have employees?Do you operate your business as a corporation or a partnership?Do you file any of these tax returns: Employment, Excise, or Alcohol, Tobacco and Firearms?Do you withhold taxes on income, other than wages, paid to a non-resident alien?Do you have a Keogh plan?Are you involved with any of the following types of organizations?Trusts, except certain grantor-owned revocable trusts, IRAs, Exempt Organization Business Income Tax ReturnsEstatesReal estate mortgage investment conduitsNon-profit organizationsFarmers' cooperativesPlan administratorsSource: Do You Need an EIN?You can easily file for an EIN online if you have a social security number by applying online here: https://sa.www4.irs.gov/modiein/....If you don’t have a social security number or if you live outsides of United States, ask a business lawyer to help you get one.