Other reasons to apply for an EINĮven though you may not be required by the IRS to apply for an EIN, there are still a few reasons why you may decide to get one anyway. Otherwise, you can continue using your Social Security number with the IRS. You are required to file a federal Employment tax return, Excise tax return, or Alcohol, Tobacco, and Firearms tax return.If you have employees (or plan on hiring employees over the next 12 months).If you are a sole proprietor, you will only need to apply for an EIN: Instead, you can use your Social Security number when filing your business's federal tax returns. If your business is a single-member LLC with no employees (and with no plans to hire any employees over the next 12 months), you do not have a Keogh plan, and you are not required to file any of the federal tax returns mentioned in the Do I Need an EIN? list above, you will not need to apply for an EIN. A single-member LLC that has elected to be taxed as a corporation. If your business is an LLC, you will need an EIN if your business is:Ī single-member LLC with employees (or you plan to hire employees at any time over the next 12 months) You will need the EIN even if your corporation or partnership doesn't have any employees.
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