Tax ID in Nevada
08 November, 2017
When you start a new business in Nevada such as Corporation, Partnership or Liability Limited Company, you will need to apply for a new Tax ID.
What is Tax ID?
Tax ID, also known as an EIN (Employer Identification Number) is issued by the Internal Revenue Services (IRS).
There is no fee for obtaining a new Tax ID. It can be done over the internet on the official Internal Revenue Services website and you will get your EIN instantly.
However, youre required to have a US social security number to apply online.
If you dont have a US social security number, you can download the EIN form and instructions here and submit your application by mail.
If you have Corporation your default tax ID will be for C-Corp. You can also choose to be taxed as S-Corp.
For LLCs the default EIN option is Partnership. IRS can either set the status Disregarded Entity (one owner) or Partnership (multiple owners) depending on how many owners the LLC has.
You can also choose to have a different status than Partnership and to be taxes as C-Corp or S-Corp. You will have to submit additional form Form 8832 for C-Corp election and Form 2553 for S-Corp.
Change of Ownership or Structure
In most cases, companies will need a new EIN when the ownership or structure has changes.
If you previously applied for EIN for your number, but you have misplaced it, you can ask the IRS to search for your existing EIN number.
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