Get an Idaho Tax ID (EIN) Number for Your Business

Starting a business in Idaho? Learn how to obtain a Tax ID (EIN) number for your company with this helpful guide.

Understanding the EIN Number

An EIN or Employer Identification Number is a unique nine-digit number assigned by the IRS to identify a business entity. It’s also called a Tax ID Number or Federal Tax ID. All businesses, except for some sole proprietors, need an EIN.

To apply for an EIN in Idaho, you can visit the IRS website or fill out Form SS-4 and mail it to the IRS. You’ll also need an Idaho State Tax ID Number if your business has employees or owes state taxes.

Having an EIN is essential for opening a business bank account, hiring employees, and paying payroll taxes. It’s also required for applying for loans, signing contracts, and filing taxes.

Make sure to follow the instructions carefully and provide accurate information on your application. In some cases, you may need to provide additional documentation to prove ownership share or address.

Applying for an EIN in Idaho

To apply for an EIN in Idaho, you can do it online through the IRS website or through fax or mail. The EIN, also known as the Employer Identification Number, is a federal tax ID number used to identify your business. This number is required to open a business bank account, apply for loans, hire employees, and more. If you are an individual or a single-member LLC without employees, you can use your Social Security Number instead. However, for all other entities, an EIN is necessary. To apply for an EIN, you will need to provide basic information about your company, such as its name and address, ownership share, and reason for applying.

EIN FAQs

What is an EIN number?

An EIN number is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. It is also known as a Tax ID number.

Why do I need an EIN number for my Idaho LLC?

You need an EIN number if your Idaho LLC has employees, withholds payroll taxes, or files certain tax returns. Banks also require an EIN number to open a business account.

How do I get an EIN number for my Idaho LLC?

To get an EIN number for your Idaho LLC, you can apply online, by mail, or by fax. The application process is free, and you can typically receive your EIN number within a few business days.

Are there any exceptions to getting an EIN number?

Some sole proprietors and single-member LLCs without employees or payroll taxes may not need an EIN number. However, it’s always best to consult with a tax professional to determine if you need one.

Should I get an Idaho State Tax ID Number in addition to an EIN number?

If your Idaho LLC sells goods or services subject to state sales tax, you will need an Idaho State Tax ID Number in addition to your EIN number. You can apply for an Idaho State Tax ID Number through the Idaho Department of Revenue.

Remember that getting an EIN number is an important step in the basics of starting a business. If you have further questions, consult the IRS website or seek guidance from a tax professional.

EIN Cost and Preparation

Service	Cost	Preparation
Online Application	$0	Requires basic business information (name, address, etc.)
Mail or Fax Application	$0	Requires completion of Form SS-4 and mailing or faxing to the IRS
Third-Party Assistance	Varies	May require additional fees for professional assistance in completing and filing EIN application