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BENEFITS OF GETTING AN EIN

BENEFITS OF GETTING AN EIN POWERED BY FAST FILING INC. FILE TAX RETURNS If your business is a partnership, a multi- member LLC, or if you have employees, an EIN is required in order to file taxes. It is the 10 identification you will use when you file your 100 20 company taxes with the IRS at the end of the year. OPEN A BUSINESS BANK ACCOUNT Most banks require an EIN in order to open a business banking account. A business bank account is another way to keep your personal finances and professional finances separate. QUALIFY FOR MORE BUSINESS LOANS Although an EIN is not required to apply for LOAN all business loans,You'll have a better chance of qualifying for certain loans if you have a strong business credit. To even start establishing that credit, you need to obtain an EIN. PREVENT IDENTITY THEFT Applying for an EIN instead of using your Social Security number (SSN) will keep your SSN more private, reducing the risk of identity theft; it's less likely for someone to break into your accounts when you keep business finances and personal finances separate. HIRING EMPLOYEES If your business has employees, you will need to get an EIN since a multi-member LLC does not file or pay taxes as the LLC; instead, each employee will file their taxes separately under the LLC's 1040 form LEARN MORE AT EIN-IRS-TAXID.COM

BENEFITS OF GETTING AN EIN

shared by ein-irs-taxid on Jun 11
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We work with the IRS on your behalf to ensure your EIN application is handled perfectly. No matter what your business type, our highly trained tax team will review your paperwork, make sure it’s err...

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Business
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