Category Bank Account

Introduction Creating an irrevocable trust is a powerful estate planning strategy that separates assets from your personal estate. But many ask: do I need a tax ID number for an irrevocable trust? The answer is usually yes. Let’s explore why,…

Introduction If you’re starting a business or hiring employees, you might be wondering, “how do you apply for a state tax ID number?” This unique identifier is essential for complying with state tax regulations, including sales tax, income tax withholding,…

Introduction Starting a business in Illinois? One of the most essential steps is obtaining a Tax ID Number—also called an Employer Identification Number (EIN)—from the IRS, and possibly a state tax ID from the Illinois Department of Revenue. If you’re…

Introduction If you’re starting a business in California, one of the first steps is to obtain a Tax ID Number, also known as an Employer Identification Number (EIN). This unique number is issued by the IRS and is essential for…

Introduction If you’re researching a business or managing tax-related tasks, you may wonder: Are federal EIN numbers public record? The answer depends on the type of business and the context. In this guide, we explain when and how an Employer…

Introduction An Employer Identification Number (EIN) is a unique, nine-digit number assigned by the IRS to businesses in the U.S. Whether you’re verifying a vendor, applying for a loan, or researching a company, you might need to know how to…

Introduction When someone passes away, their estate often needs a Tax ID number, also known as an Employer Identification Number (EIN). This number is required for managing the estate’s finances, filing taxes, and opening estate bank accounts. But how long…

Introduction If you’re starting a small business, one of the first steps is securing a Tax ID number—also called an Employer Identification Number (EIN). Wondering how do you get a tax ID number for a small business? Here’s a step-by-step…

Introduction If you’re asking, “What is my Employer Identification Number?”, you’re not alone. Whether you’re filing taxes, opening a business bank account, or applying for licenses, knowing your EIN is essential. This article explains what it is, why you need…

Introduction When starting or managing a business, you’ll often hear the terms Tax ID Number and EIN used interchangeably. But what is the difference between a Tax ID Number and an EIN? Let’s clarify the confusion and help you understand…