Are you trying to apply for an Employer Identification Number (EIN) (Tax ID)?
Applying for an Employer Identification Number (EIN) (Tax ID) without a U.S. Social Security Number (SSN) can be a tricky and time-consuming process.
With the paperwork and technical language, it can confuse anyone easily.
Before you know it, you’ve sent your application off and you’ve made a mistake. This leads to more delays and possibly have to refile and start over.
Instead of letting that happen, continue reading to learn about some of the mistakes that are frequently made when applying for an EIN.
Mistake #1: Filling Out the Paperwork Incorrectly
This sounds simple and you’re thinking it won’t happen to you, but the truth is that it’s easy to fill out the paperwork wrong.
You’re starting the process without a social security number, so that complicates things. Then you have the issue of not completing the form so it is easy to read.
Providing inaccurate information or not writing clearly can mean that your application is misunderstood or is returned to you because it cannot be processed. You don’t want that to happen.
Mistake #2: Faxing the Paperwork Incorrectly
With anything related to the government or the IRS, there are certain departments that paperwork must go to in order to be received correctly.
If you have the number off at all, your application will be lost. What’s even worse is if you don’t follow the fax instructions and make sure that you have included all identifying information so that your papers end up in the right hands.
Additionally, there is one thing that if you forget to do, the process will take twice as long from beginning to end.
What’s the one thing? Leaving off a return fax number. Now this one is challenging because you may not even have a fax machine to give a return number in the first place… What do you do?
Mistake #3: Not Including All Supporting Documentation
Did you know that if you leave just one document out of your application packet, your application won’t be processed?
This is as simple as overlooking what you need, leaving a critical paper out, or mixing up the documents and sending the wrong ones.
Mistake #4: Sending by Mail Instead of Fax
Faxing your application is a mistake because of the reasons discussed in number 2 above, but also because faxing it means that you won’t get your EIN for at least 6 weeks. 6 weeks of waiting to start your dream business, no thank you. If you fax it (correctly), you will get a response faster.
Mistake #5: Not Hiring (the Right) Third Party Designee
Doing it yourself is not always a bad thing, but in this case – it’s going to cost you time and money. Not to mention the changes of making mistakes 1-4 above.
When it comes to starting your business, you want to get everything legal and ready to go – and fast without paying a lot of money for the service.
Our EIN service has helped many people just like you obtain their EINs so they could get on with their dream businesses for a small fee.
We have the process down to a science to save time and hassle, so you can get your EIN in as soon as 5 to 10 business days. DAYS! Not weeks.