Form SS-4 walkthrough (Application for Employer Identification Number)
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- Опубліковано 29 бер 2023
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Please feel free to check out our article, where we've written step by step instructions to help you walk through this form! www.teachmepersonalfinance.co...
Here are links to articles and videos we've created about other tax forms mentioned in this video or its accompanying article:
IRS Schedule C, Profit or Loss from Business
Article: www.teachmepersonalfinance.co...
Video: • IRS Schedule C Walkthr...
IRS Schedule F, Profit or Loss from Farming
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You may file for an employer identification number online through the IRS website. However, if you're unable to apply online or would prefer a paper application, you may also file Form SS-4 to obtain an EIN.
Watch this instructional video to learn more about how to complete Form SS-4 and obtain an EIN.
Please feel free to check out our article, where we've written step by step instructions to help you walk through this tax form! www.teachmepersonalfinance.com/form-ss-4-instructions/
Hi
Hope you will be fine.
I have a question that when I fax the ss4 application. I received an error of failed busy . I tried so many times in different working hours. From different laptops but got same error.
Could you please tell me something about this problem?
If you’re having difficulty with your faxed application, I’m not sure that I could help you understand what is happening with your faxes. However, you can apply for an EIN online without having to fax paperwork.
Here is the page that tells more about the process for applying online. It might be worth calling to make sure they haven’t already received it (which might have happened), then applying online.
www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
I have a Question for Estate purposes, line 1. Should be the name of the Decedent followed by Estate? Lines 4a and 4b should be the address of the Decedent and 5a and 5b should be the address of the Executor???
From the form instructions:
Line 1: Enter the name of the estate. For an estate that has no legal name, enter the name of the decedent followed by “Estate.”
Line 4: Enter the mailing address for the entity's correspondence.
Line 5: Provide the entity's physical address only if different from its mailing address shown on lines 4a-4b.
For the addresses, you should use the address where you would want the IRS to send correspondence.
Hi! for the applicant signature, does it have to be my llc name signed?
According to the form instructions, here are the individuals authorized to sign:
Signature. When required, the application must be signed by
(a) the individual, if the applicant is an individual;
(b) the president, vice president, or other principal officer, if the applicant is a corporation;
(c) a responsible and duly authorized member or officer having knowledge of its affairs, if the applicant is a partnership, government entity, or other unincorporated organization; or
(d) the fiduciary, if the applicant is a trust or an estate.
I think that if you're the signatory, then you should sign with your name.
hi, i have one question line 10 started new business specify type ? what do we put on it ? like llc ? or what the company do ? thank you sir
According to the form instructions, you would:
Check this box if you're starting a new business that requires an EIN. If you check this box, enter the type of business being started.
In this case, I would enter the type of business entity, such as LLC.
In point, 9a LLC option is not mentioned, in which column LLC will fall?
LLCs are discussed in Lines 8a through 8c. If your company is a single-member LLC, then it is considered a disregarded entity for tax purposes. Disregarded entities are covered in the form instructions under Line 9.
I do not know which situation applies to you, but I've copied and pasted the below verbiage from the form instructions:
Complete Form SS-4 for disregarded entities as follows.
• If a disregarded entity is filing Form SS-4 to obtain an EIN because it is required to report and pay employment and excise taxes, or for non-federal purposes such as a state requirement, check the Other box for line 9a and write “Disregarded entity” (or “Disregarded entity-sole proprietorship” if the owner of the disregarded entity is an individual).
• If the disregarded entity is requesting an EIN for purposes of filing Form 5472, as required under section 6038A for a U.S. disregarded entity that is wholly owned by a foreign person, check the Other box for line 9a and write “Foreign-owned U.S. disregarded entity-Form 5472.”
• If the disregarded entity is requesting an EIN for purposes of filing Form 8832 to elect classification as an association taxable as a corporation, or Form 2553 to elect S corporation status, check the Corporation box for line 9a and write “Single-member” and the form number of the return that will be filed (Form 1120 or 1120-S).
• If the disregarded entity is requesting an EIN because it has acquired one or more additional owners and its classification has changed to partnership under the default rules of Regulations section 301.7701-3(f), check the Partnership box for line 9a.
• If a foreign eligible entity is requesting an EIN for purposes of filing Form 8832 to elect classification as a disregarded entity, check the Other box for line 9a and write “foreign disregarded entity.”
What if your LLC has an accent mark in the legal name? I don't know how to get around this :(
There's a decent chance that the IRS information systems probably wouldn't know what to do with the accent mark. There isn't a lot of clear guidance for taxpayers, but guidance in the Internal Revenue Manual seems to largely ignore special characters in business names, such as accent marks. You may consider entering the letters in your LLC's name without the accent mark included.
I’m filling out an SS-4 for a trust so I can FAX it in. When applying online I chose “estate” rather than “trust” which provided me with an EIN that wasn’t correct according to my financial advisor. I followed instructions for Cancellation of EIN from IRS. Now I can reapply by Fax or mail only. My questions are 1) do I answer YES for 18 and tell them the first EIN that I cancelled? 2) For 9a I checked “trust”. Do I need a TIN of grantor? Thank you for your video it has been very helpful!
For #1, I would say yes. For 2, it seems that you do need the TIN of the grantor, but the instructions don't really specify what would happen if you don't have the TIN.
Me and my twin sister are named as the executors of the estate. Does it have to be only one of us?
I cannot find an IRS reference that states two or more people can be listed on the form. I have seen other, non-IRS articles stating that you can list two or more people on this form. However, I'd suggest discussing with the IRS before moving forward.
For EIN purposes, if you and your sister may consider listing one person, just to make the process faster. But if you want both of you, I'd check with the IRS first.
God bless you, it helped a lot!!
Hello. Where can I get this form?
You can download this form from the Social Security website. We also have a copy attached to our step by step article: www.teachmepersonalfinance.com/form-ss-4-instructions/
do aliens need to attach any supporting documents?
I do not believe so. There does not appear to be any guidance stating that you have to attach supporting documentation.
@@teachmepersonalfinance2169 thanks