14 min

#21 - Why you need a tax ID number and how to get one The Shontavia Show

    • Careers

In this episode of The Shontavia Show, host Shontavia Johnson talks about why you need a tax ID number from the IRS and how to get one. This won't be the most riveting topic, but it's definitely required listening if you're starting a new business. The last place you want to be is in trouble with the IRS!

Check out this episode and decide whether getting a tax ID number is the right next step for you.

// Show Highlights

01:24 Why you probably need a tax ID number - thoughts from my conversation with a business law expert 
05:14 How to determine when the law requires you to get a tax ID number 
06:22 The benefits of having a tax ID number, even if the law doesn't require it 
10:32 How to get a tax ID number (it's free and you can probably do it yourself!) 

// Show Notes

Choosing a Business Structure: https://shontavia.com/choosing-a-corporate-structure-advice-from-a-business-law-expert/

How to get a tax ID number for your business: https://shontavia.com/tax-id-numbers-biz-better-have-my-money/

How and Why to Avoid Commingling Personal and Business Funds: https://blogs.findlaw.com/free_enterprise/2017/03/how-and-why-to-avoid-commingling-personal-and-business-funds.html

Do You Need an EIN?: https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-an-ein

Apply for your Tax ID number/EIN online: https://sa.www4.irs.gov/modiein/individual/index.jsp

Paper Application for Employer Identification Number (Form SS-4): https://www.irs.gov/pub/irs-pdf/fss4.pdf

// Social Media

Twitter: https://twitter.com/ShontaviaJEsq
Instagram: https://www.instagram.com/shontaviajesq/
Facebook: https://www.facebook.com/shontaviajesq/
LinkedIn: https://www.linkedin.com/in/shontaviajesq/
Tumblr: http://shontaviajesq.tumblr.com/
YouTube: https://www.shontavia.tv

In this episode of The Shontavia Show, host Shontavia Johnson talks about why you need a tax ID number from the IRS and how to get one. This won't be the most riveting topic, but it's definitely required listening if you're starting a new business. The last place you want to be is in trouble with the IRS!

Check out this episode and decide whether getting a tax ID number is the right next step for you.

// Show Highlights

01:24 Why you probably need a tax ID number - thoughts from my conversation with a business law expert 
05:14 How to determine when the law requires you to get a tax ID number 
06:22 The benefits of having a tax ID number, even if the law doesn't require it 
10:32 How to get a tax ID number (it's free and you can probably do it yourself!) 

// Show Notes

Choosing a Business Structure: https://shontavia.com/choosing-a-corporate-structure-advice-from-a-business-law-expert/

How to get a tax ID number for your business: https://shontavia.com/tax-id-numbers-biz-better-have-my-money/

How and Why to Avoid Commingling Personal and Business Funds: https://blogs.findlaw.com/free_enterprise/2017/03/how-and-why-to-avoid-commingling-personal-and-business-funds.html

Do You Need an EIN?: https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-an-ein

Apply for your Tax ID number/EIN online: https://sa.www4.irs.gov/modiein/individual/index.jsp

Paper Application for Employer Identification Number (Form SS-4): https://www.irs.gov/pub/irs-pdf/fss4.pdf

// Social Media

Twitter: https://twitter.com/ShontaviaJEsq
Instagram: https://www.instagram.com/shontaviajesq/
Facebook: https://www.facebook.com/shontaviajesq/
LinkedIn: https://www.linkedin.com/in/shontaviajesq/
Tumblr: http://shontaviajesq.tumblr.com/
YouTube: https://www.shontavia.tv

14 min