Anyone have info on having a tax id number? I just had my first customer ask for an invoice.....and I don't have a tax id number. I created the invoice in word and removed the section for the tax id. I hope the company will accept it. Anyone know if it's required? I'm nervous....Thanks!
You can get one from the irs by calling or going to their website.
Required in what way?
Getting a tax ID number is easy.. just log onto the IRS website and put in your info and blamo.. you have a tax ID number..
http://www.irs.gov/businesses/small/article/0,,id=102767,00.html
This may differ from state to state but ....
A sole proprietor does not require a Federal ID Number unless you have employees. I ran into this when I had the contract for monthly birthday cakes at a company. They wanted my EIN. I said I didn't have one ... use my SS#. They said they had to have an EIN. I said no they didn't ..... as a sole proprietor, I was not required to have an EIN and therefore my business did not have an EIN. The "clerk" kept wanting to argue with me and I just told her to run it past their CFO and if he has a problem with it, he can call me himself.
problem solved.
This may differ from state to state but ....
A sole proprietor does not require a Federal ID Number unless you have employees. I ran into this when I had the contract for monthly birthday cakes at a company. They wanted my EIN. I said I didn't have one ... use my SS#. They said they had to have an EIN. I said no they didn't ..... as a sole proprietor, I was not required to have an EIN and therefore my business did not have an EIN. The "clerk" kept wanting to argue with me and I just told her to run it past their CFO and if he has a problem with it, he can call me himself.
problem solved.
This is true but I find that having my SSN floating around make sme nervous. I've had my identity stolen several times--strangely enough by blonde white women with my VERY african name. LOL!
Back on topic (I really shouldn't post after drinking a cocktail ):
I find that having an EIN is best to have so that I'm not giving out my personal info. Even now I no longer give my full SSN in any circumstance. Instead I write-- xxx-xx-(then my four ss numbers).
When I did an order for a company that was purchasing my cookies they wanted to send me a tax form (don't remember the number) that they send to all their vendors. I was nervous because I don't have a EIN and to top it off, they are an association for accountants. She said my soc. was fine. I hear what you all are saying about not putting personal info out there, but in an "emergency" the social security number worked just fine.
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