An SS-4 Form is basically a document used to apply for an Employer Identification Number commonly referred to and denoted as EIN. An EIN is essential for tax filing and reporting; all employers, business owners, corporations, estates, partnerships, and any other entities as defined by law are required to have an EIN.
As a business owner, you should take it as a personal initiative to acquire an Employer Identification Number; and since you would definitely love to do it at the comfort of your location, outlined are various factors to get you started with completing an SS-4 application online.
1. Have your personal and business details at your fingertips
Just like all other types of official applications made online, an SS-4 requisition demands that you provide some of your basic personal and business details such as mailing addresses, residence information, type of entity you want to establish, trustees, and much more. Having such details for easy reference ensures that you do not end up providing incorrect details that might land you into conflicts with the authorities.
2. Avoid using other methods if you have chosen to make your application online
Apart from making an ss-4 application online, you can apply for EIN using other mediums including by telephone, by fax, or by mail depending on how urgently you need it. It is advisable that you only stick to the method you have selected. By deploying more than one means, you could end up receiving more than one EIN number for one entity.
3. Adhere to instruction
There are specifics instructions attached to an SS-4 form. To avoid your application process being revoked or frequent requests for updates on the information required, ensure that you carefully go through and understand all the set instructions. For example, giving your legal name in an order different from how it appears on your social security card or any other legal document or partnership names as they appear in the partnership agreement could compromise the process.
4. Acquaint yourself with the latest information related to SS-4 enactments
The main purpose of filing an SS-4 application is to place a clear distinction between your personal and business liabilities. Familiarizing yourself with the latest SS-4 legislation before making an online application, therefore, gives you a more informed approach to providing the required details in the right manner.
5. Make inquiries if uncertain of what is required of you
Finally, there is always the possibility of finding yourself unsure of what is required while filling out your SS-4 application online. Under such circumstances, do not hesitate to consult with the third party you will trust with your application or the federal bureau in charge of verifying the application and issuing out EINs. Either of the parties will gladly assist you with all the inquiries you have regarding the process.
Overly, applying for an EIN online is the most convenient way to getting registered for your business tax account. All you need is an SS-4 application with a few tips including the above-mentioned ones.
