Do you need an employer identification number to prepare taxes?

Not necessarily. The IRS issues a Federal Tax Identification Number (TIN)for income tax purposes. This same number is used for Federal Employment taxes (Employer ID) if the company has employees. However, the state in which the does business also issues TIN's and Employer ID's - these numbers may or may not be the same as the Federal number, depending on the state.

so you can pay taxes and are protected by the labor laws. its the corporate equivalent of social security number though it's issued to anyone including individuals who must pay withholding taxes. also known as (FEIN) Federal Employee Identification Number, (TIN) Tax Identification number the unique 9 digit number is assigned by the IRS

A Taxpayer Identification Number, or TIN, is an identification number used by the IRS for the administration of tax laws. Some types of TINs are as follows: * Social Security Number (SSN) is a TIN for an individual person * Employer Identification Number (EIN) is a TIN for a company/corporate entity * Individual Taxpayer Identification Number (ITIN) is a TIN for individuals who do not have and do not qualify for SSNs, but must pay taxes in the US * Preparer Taxpayer Identification Number (PTIN) is a TIN for a person or company who prepares taxes on behalf of others * Adoption Taxpayer Identification Number (ATIN) is a temporary TIN for children in the process of being adopted but cannot get a SSN before taxes are due (the ATIN has been discontinued)

If you have your own business , you will need to have a tac identification number for that business to do your taxes. Tat identification numbers are required.

hello I am trying to do my taxes and I am on disability how do I get th employer id number

no, at the end of January you will get a w2 form from your employer in the mail and this will have all the info on it in order to prepare your taxes.

a corporation a business a department and a 1 man appliance repair all have to have I D number so the state they pay taxes tocan make sure the due sales tax is received every quarter on time, along with with holding taxes for the IRS

NO - a tax EIN number is an Employer Identification Number. This is like a Social Security Number of sorts for a business. If a business is Incoporated and/or has employees this number identifies the business as such and is the number the payroll taxes are filed under. It has nothing to do with the tax exempt status.

Do I have to pay taxes on a discrimination settlement from a former employer

Individual tax Identification number... For illegal immigrants to do their taxes. Because they pay just like everyone else!

Your best option is to probably take a simple financial class online to teach you how to prepare taxes or take a financial class in person that can teach you how to prepare taxes.

I assume that you mean the employer is withholding taxes from your paychecks but then not turning over this taxes to the IRS. If you have any evidence of support these alligations you should report such to the IRS so that they can investigate the matter.

When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.

It's not an option for him, by law, your employer MUST withhold these taxes from your pay.

Yes they do. All wages are subject to FICA and Medicare Taxes. The employer and employee each pay 6.2% of the gross income for Social Security Tax and each pays 1.45% of the gross income for Medicare Taxes. The number of hours works has nothing to do with whether or not taxes are taken out for these taxes.

If the association pays employees, or if the association files federal taxes, then a Federal Employer Identification Number is required. It's a good idea to have one; it can help legitimize and authenticate the association. As well, the association can consider incorporation as a non-profit corporation, which also helps legitimize and authenticate it. Otherwise, with no legal standing, how does the association conduct its business?

Yes. The way it works in most cases is that you pay FICA taxes in the amount of 6.2% of your gross income and your employer also pays the same amount. Also you are required to pay 1.45% of your gross income for Medicare tax and your employer also matches that amount. So in total you are paying for half of these two taxes and your employer pays for half of the total taxes for these two taxes.

My employer takes out taxes sometimes and sometimes not I am almost sure he doesn't send them in to the IRS what should I do

It is on the W-2 (cell B) or 1099 (Payer Federal Identification Number). Or you can call them. The Form is required to have any chance of quick processing - or you will receive a letter asking for an explanation and to complete another form, sometime after 2/15.

The government provides forms and online filing for people do prepare their taxes for free. The cost of having another person prepare taxes varies. Quotes can be given in advance by asking the company or individual.

An employer matches the amount of FICA (Social Security) and Medicare taxes which are 6.2% and 1.45% of your gross income respectively. The same amount is paid by the employer and the employee toward these two taxes. Only the employee pays their Federal, State, and/or Local Income tax withholding but the employer is responsible for withholding these taxes and remitting all of them to the IRS on a timely basis.

Getting licenses and permits in Florida for business involve four issues: • Permitting and Licensing rules. • Zoning. • Sales and employ taxes. • Employer identification numbers.

You should check with your employer as they would have all of the necessary information to determine the amount of taxes withheld state taxes. The percentage may vary, depending on your income and number of exemptions claimed.

FICA and Medicare deductions

Your taxpayer identification number lets the government confirm that you have paid taxes on various activities and transactions, and ask you about it if you have not. It also lets you legally participate in certain activities and investments without have a portion of the income withheld as it is paid to you. Finally, it helps you identify yourself unambiguously to the government when paying your income taxes, reducing the chance of your being mistaken for someone else who still needs to pay taxes.