HOW TO GET A TAX ID FOR A COMPANY (EIN)
Governments require taxes to provide basic needs for their citizens and build necessary infrastructure, such as electrical grids and roads, which rely on taxpayer funding.
Individuals, as well as businesses, are required to pay taxes regularly, and it is even a federal offense to avoid paying taxes in the United States. This is commonly known as tax evasion.
In order to pay one’s taxes, individuals and businesses must acquire a tax identification, or tax ID number. A tax ID is necessary so that citizens can be properly taxed by the Internal Revenue Service, the tax collecting entity in the United States.
Every taxpayer and tax paying business is identified by his or her IRS tax ID, which allows for a streamlining of the tax payment system, and additionally gives the IRS the ability to monitor tax liabilities for a given individual or business.
While individuals file their taxes through their personal tax ID, businesses must register for an employer identification number (EIN) in order to file taxes with the IRS.
The EIN is the simplest way for businesses to file their tax returns and pay their necessary taxes to the IRS without complication.
The IRS is extremely harsh in terms of penalties for those who default on tax payments, which can result in fines and even prison time for those who are convicted of tax fraud or evasion.
Thus, it is in the best interest of individuals and businesses to correctly file their tax returns, and assure that their taxes have been paid to avoid unnecessary conflict with the IRS, who will go to great lengths to prosecute suspected tax evaders.
Obtaining an IRS tax ID is very simple and can be done online through the IRS’s website, where one must fill out a form and submit it directly to the IRS.
If you need more information on how to get an IRS tax ID number, contact the IRS Business and Speciality Tax Line at (800)-829-4933.
Avoiding paying one’s taxes is not only illegal, but also deprives individuals of the necessary utilities and infrastructure that allow their nation to run smoothly and provide for its citizens.
Read more in our service – EIN Assistance.