United States is considered the golden state for businesses and corporations because it provides multiple benefits and has established various credible firms. Some of the famous and most established businesses headquarters are located in the United States such Apple Inc., Google, Ford and many others. Due to this reason, many foreign individuals desire to establish a business in the United States to enjoy the perks. But it is not that easy as one thinks, the process is complicated yet not impossible. In most cases, an individual needs to have an E2 visa to start, develop and direct an organization.
They do not have to reside in the United States for its operations. They have to obtain tax ID numbers such as Social Security Numbers (SSNs), Individual Taxpayer Identification Numbers (ITINs), or Employee Identification Numbers (EINs) for the tax purposes. There is a detailed application process to obtain these numbers. These tax ID numbers are a must for foreign principal investors as they are required to pay taxes for doing business in the United States.
People who either have an SSN number, or an ITIN number can easily get EIN number but the ones who neither have an SSN number nor an ITIN number often ask how to get EIN number without SSN nor ITIN. This blog covers all the information you need to know about how to get EIN number without SSN nor ITIN.
What is a Social Security Number (SSN)?
Prior to understating how to get EIN number without SSN nor ITIN number, you must first understand what an SSN number is. An SSN is a Social Security Number comprising of nine digits and function as tax identification numbers. It is issued to individuals who are a permanent resident, citizen or temporary alien resident of the United States who are either employed or are working in the United States.
The permission to get an SSN number is given by the United States of Citizenship and Immigration Services. People who wish to obtain an SSN number; they need to fill Form SS – 5. After getting it, they can use it for their tax returns.
What is an Individual Taxpayer Identification Number (ITIN)?
The ones who want to have a clear understanding about how to get EIN number without SSN or ITIN number, they need to know about an ITIN number. Individual Taxpayer Identification Numbers are issued to foreign individuals that are not eligible for the SSN number. Such people are also required to file tax returns. These numbers are comprised of nine digits starting from number 9 and have a range of 70 to 88 till its 4th or 5th digit. The range of the ITIN number is extended after its amendments on April 12, 2011.
The Internal Revenue Service (IRS) issues these numbers. The ones who are willing to obtain ITIN numbers, they must fill Form W – 7, after forwarding this form they can use it for their tax returns.
ITIN numbers and SSN numbers are Tax Identification Numbers, or Tax Id’s, and both of them are comprised of nine digit numbers and are for serving tax purposes. The law does not allow alien individuals to get SSN numbers however, they can obtain ITIN numbers but still these numbers are not considered valid identification numbers that is why people who have neither an ITIN nor an SSN are concerned about how to get EIN number without SSN nor ITIN.
In order to learn the core of the query, how to get EIN number without SSN nor ITIN, keep reading this blog, or email us at [email protected]
What is an Employer Identification Number (EIN)?
In order to learn how to get EIN number without SSN nor ITIN number, you should first clearly understand what an EIN number is. An EIN or Employer Identification Number is a nine digit number that is assigned by the Internal Revenue Service (IRS) to organizations. They are also known as Federal Tax Identification Number. This number is provided by the IRS to companies to identify who needs to file business tax returns.
The EIN numbers are given to corporations, sole proprietorship businesses, non-profit organizations, partnerships, estates of decedents, trusts, certain individuals, government agencies, and several business entities. In most cases the application process to obtain EIN number requires either an SSN or an ITIN number. But what if they do not have either? For this reason, most of the people ask how to get EIN number without SSN nor ITIN number. It is not impossible though, the answer to this query is explained in further sections.
Who Needs an EIN Number?
The ones who are concerned about how to get EIN number without SSN nor ITIN may also want to know who needs an EIN number. All the employers require an EIN number, it does not matter how small or how big a business is. Also, if the employees are working on full time or a part time basis, they must have an EIN number.
Any company, which is paying contactors or anyone for their services up to more than $600 in a year, they must obtain EIN number. No matter if you organization is a sole proprietorship or a big corporation, if you pay more than $600 in a year, as an employer it is your duty to obtain an EIN number. Let’s have a look to the factors that requires employers to obtain EIN numbers.
Factors That Makes Employers Eligible to Obtain EIN Numbers
- You need to get EIN number when you are paying employees up to $600 in a year.
- You need to obtain an EIN number if you are operating a sole proprietorship, corporation or a partnership business.
- You must get an EIN number if you file tax returns for alcohol, tobacco, firearms, excise, and employment.
- You must not avoid obtaining an EIN number when you withhold taxes on income other wages to a non resident alien.
- You should obtain an EIN number when you have a Keogh plan.
- You are required to get an EIN number if you are involved in any of the types of organizations including the following
- Non-profit organization
- Plan administrators
- Farmers’ cooperatives
- Real estate mortgage investment conduits
- Trusts but not trusts which are not grantor owned revocable, Exempt Organization Business Income Tax Returns and IRAs
Who Does Not Need an EIN Number?
The ones who are asking how to get EIN number without SSN nor ITIN, should also know who does not need an EIN number. Indeed, an EIN number is very essential but it is only used by some companies and not all businesses are eligible for it. It is basically used to distinguish your financial data from your personal finances. All the employers must have an EIN number to do businesses but if you own sole proprietorship business and have no employees, then the law and the IRS does not require you to obtain an EIN number.
What is the Purpose of Obtaining an EIN Number?
The ones who are concerned about how to get EIN number without SSN nor ITIN do know the purpose of the EIN number but there are many who do not know. The main objective of obtaining an EIN number is to determine your personal finances and personal data. Also, the companies need to file taxes using EIN numbers. Apart from filing taxes, they also need an EIN number for the following reasons.
- They need it to open a bank account in the name of their business.
- They need it to apply for a credit card for their business.
- They need to obtain an EIN number for the business permits.
- They need it for furnish independent contractors.
- They should obtain it for privacy and reduce the chances of thefts.
What are the Types of Entities that Require EIN Number?
The main objective of the EIN number is to track the wages and other payments from your business to the business’ owners. The ones who are trying to identify how to get EIN number without SSN nor ITIN actually want to enjoy the benefits which are associated with an EIN number such as opening a bank account, taking loans for business activities and many others.
As mentioned previously, whether or not you are required to get an EIN number for your business, merely depends upon the type of corporation. So let’s have a look at the business type organizations which require EIN number.
The ones who are trying to know how to get EIN number without SSN nor ITIN number must remember that it depends on their corporation type. All C Corporations and S Corporations require an EIN number. They need to require it because they fulfill all the requirements that makes a company eligible for the EIN number. They have various employers and pay more than $600 in a calendar year.
2. Partnership Firms
Another type of company, partnership firms including general partnerships and limited partnerships require an EIN number as well. In a limited partnership, employees from 2 to 50 are employed, while more than 50 employees are hired in a general partnership firm, which is why a partnership business also requires getting an EIN number for tax purposes.
3. Limited Liability Companies
People asking how to get EIN number without SSN nor ITIN and having either of them must remember that one member Limited Liability Companies can get EIN number by using their Social Security number for the IRS purposes. For instance, if you company hires employees or if it has multiple members, you must apply for an EIN number for the Limited Liability Company.
If you are forming an LLC of the following types, you need to obtain an EIN number whether or not you have an SSN or an ITIN number.
- Single member Limited Liability Company with employees
- Single member Limited Liability Company with no employees
- Multiple member Limited Liability Company
- Limited Liability Company Taxed as a Corporation
How to Get EIN Number Without SSN Nor ITIN? – The Complete Process
There are many people residing in the United States having their own businesses think that they must either have an SSN number or an ITIN number to obtain an EIN number. Due to such people, individuals who neither have an SSN nor an ITIN number, worry and ask how to get EIN number without SSN nor ITIN number. The ones who think it is very essential to have an SSN and ITIN number to obtain EIN number are mistaken. It is not necessary; there are four things that one must keep in mind for EIN numbers.
- The type of corporation structure, such as S Corporation, C Corporation or a Limited Liability Company.
- The resident or non resident status of an individual.
- The US co founders of the business.
- Your business is associated and working with the United States attorney or accountant.
Based on the above listed factors you will be able to determine if you require an SSN number or an ITIN number for obtaining EIN number. It is not always necessary for people to get an EIN number using either of them. So those who worry how to get EIN number without SSN nor ITIN, they must read this section carefully, or email us at [email protected] .
In recent years, IRS has made it quite difficult for people to obtain an EIN number for foreign companies even if they have SSN and ITIN numbers. In order to make the EIN number easier for the companies without an SSN or ITIN number, they need to understand the following basic overview for the EIN application process.
Let’s have a look at the steps, which you must take to obtain an EIN number without SSN and ITIN number.
· Step # 1: Credible Business Representative
The foreign investors and companies need to have a credible and loyal accountant who can represent as the third party designee for your business.
· Step # 2: Preparation of Application
The next step is to prepare the application for your EIN number. Your accountant will be required to assemble all the documents and prepare an application for the Employer Identification Number (EIN).
· Step # 3: Contact IRS
Once the accountant, prepares the application for the EIN number, they will be required to contact the Internal Revenue Service (IRS) Center for the foreign investors. After that, they will have to fax the signed form to the IRS office.
· Step # 4: Getting EIN Number
If the application you submitted is considered genuine by the IRS, the authority will accept it and the business accountant you hire will be required to collect the EIN number on your behalf.
Now that you know how to get EIN number without SSN nor ITIN, one of the most important thing that you must keep in mind is that you need to know what business structure is better for you. Your business accountant will help you decide whish business structure is better for you. If you want to start the process of obtaining an EIN number without a Social Security Number, nor an ITIN number please call us at 407-344-1012, or email us at [email protected] .
So, the most important party, the accountant, or business lawyer should be chosen wisely and you must see if they have an SSN and ITIN number. You can call us, or email us at [email protected] to get your EIN number without an ITIN number, nor Social Security Number.
How to Apply for EIN Number Either With an SSN or an ITIN Number? – The Brief Procedure
Now that you know the entire process of how to get EIN number without SSN nor ITIN number, you must also know the process which is generally used to obtain EIN number with SSN or ITIN number. Having a Social Security Number or an Individual Taxpayer Identity Number can make your life easier to get an EIN number; you just need to file Form SS -4.
Once the application is completed and approved, the IRS issues the EIN number quickly. The application is applicable for all including principal businesses, agencies, and all residence located in the United States. The process is fast and easy. The ones who are concerned how to get EIN number without SSN nor ITIN should also beware of the free website services for obtaining EIN numbers on the Internet. So, do not get fooled!
Ways to Apply for an EIN Number With or Without an SSN or ITIN Number – 4 Common Ways
The people who are concerned about how to get EIN number without SSN nor ITIN or with them must keep in mind the ways to obtain it. There are several ways through which you can apply for the EIN number. Let’s have a look at them.
1. Applying Online
There is an internet application for the EIN number for customers who desire to apply online and obtain an EIN number. After the completion of the application process, the information is legalized online and the EIN number is issues immediately. The ones who worry about how to get EIN number without SSN nor ITIN, should understand that online application process is available for all types of entities who agencies, offices or businesses are located in the United States or in the United States Territories. But the ones who want to obtain EIN number should have a valid SSN or ITIN number.
2. Applying Through Fax
Another way to apply for the EIN number is to apply through fax. The people who are trying to identify how to get ITIN number without SSN nor ITIN and people who have them, both need to complete the Form SS – 4 and send it to the fax number after ensuring that the information written in the form is genuine. Once the IRS receives the form they will send it back to you along with the EIN number within 4 business days.
3. Applying via Mail
Foreign individuals who wish to get an EIN number can also apply via mail and the processing time frame is four weeks. But for this they need to ensure that the form SS – 4 contains all the correct and complete information to avoid any rejections. If the business will require a new EIN, the IRS will ensure to assign it according to the entity type and mail to the lawyer or the tax payer.
4. Applying by Telephone
If you are pondering how to get EIN number without SSN nor ITIN, you should note that you can also apply via phone to obtain an EIN number. The International applicants can call at 267 – 941 – 1099 at anytime Monday through Friday, from 6:00 a.m. to 11:00 p.m. to get their EIN number. Now since you are applying via telephone, you will talk to the IRS representative. So you need to make sure that the information, you will provide will be related to the Form SS – 4, so you must know all about that information.
Here are Some Perks You Can Enjoy with an EIN Number
It is very essential to have an EIN number for businesses, not only because of employees and their payments. Also, because there are several perks that you can enjoy with an EIN number as well. Additionally, some companies also ask for EIN numbers even if your company does not hire employees, they require it for authentication, so there is no harm in keeping your firm organized, it can be a plus point for its credibility. Those who are trying to identify how to get EIN number without SSN nor ITIN should know all the benefits. Let’s have a look to a few more benefits that you can enjoy with an EIN number.
- You can open a bank account as an identifier for your business using EIN number.
- You can easily apply for business license of local and state using EIN number and make it more credible.
- You can file tax reports using EIN number.
- You can also file electronically with the help of an EIN number.
- You can seamlessly file your state, income, and other taxes with your new EIN number.
Obtaining an EIN number is not an option, but it has now become a necessity for businesses in the United States. So you must not ignore it and should obtain it for your business core activities. Now that you know the entire process of how to get EIN number without SSN nor ITIN, you can make an informed decision. Good Luck! You can email us at [email protected] for help with this process.