Comments for How Does a TAXID# Change Things?

Average Rating starstarstarstar

Click here to add your own comments

Jul 19, 2011
Having A Tax ID #
by: Steph

If you aren't changing the setup of your business in any way, (like from a sole proprietor to a corporation) then changing your tax ID number doesn't require you to fill out any additional or different tax forms than you would normally.

The main benefit to having a separate tax ID for your business is so that you can keep your personal social security number more secure. It simply differentiates you from your business.

The only difference it should make is that you would now use your business tax ID number for all business transactions and reporting instead of your social security number.

You can easilty apply onlne for a business tax ID # through the website.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Return to How Does a TAXID# Change Things?.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.