How to obtain an EIN Number
Once your corporation is established and you have bylaws, policies and procedures in place, the next step is to file an Employer Identification Number (EIN) for tax purposes, even if you plan on filing for tax exempt status. Any 501(c) (3) nonprofit organization is able to deduct their contributions on their federal income taxes return. In order to do this, the EIN number must be obtained. This number is used to identify nonprofit entities. “The EIN is a unique 9-digit number, similar to the Social Security number for an individual” (Mulkins, 2012, para. 3). The application for the EIN number can be filled out online and submitted electronically. Once all the necessary information has been entered and the submit button is clicked, the EIN number is issued immediately. It is extremely important to print this page or at the very least write down this number, as you cannot go back to this screen once you have exited out.
The EIN application (Form SS-4) requires an applicant to provide the name and tax identification number of the applicant’s responsible party. The applicant’s responsible party is generally the person with authority to control, manage, or direct the business and the disposition of its funds. (“IRS to require,” 2013)
Sooner than later,
The Tiny Professional
IRS to Require EIN Updates. (2013). Payroll Manager’s Letter, 29(11), 3-4.
Mulkins, P. (2012, November 2). Tulsa World, Okla., Action Line column. Tulsa World (OK).