Frequently Asked Questions

Frequently Asked Question button

words with entrepreneur in the middleIt stands for Federal Employer Identification Number and it is issued by the IRS. Most business entities, including, Limited Liability Companies, Sole Proprietorships, Corporations or Partnerships are required to have a FEIN. There is an exception if you are sole proprietor without any employees, in which case you can use your social security number.

You can get a FEIN on the web immediately by filling out & filing Form SS-4, the Application for Employer Identification Number. You can also apply over the phone and receive it the same day, but you should review the application and gather all the information required before calling so that you have all the answers you need. If you file the form by mail or fax, it will take longer.


tax returns and calculatorThe IRS “period of limitations” refers to the time period in which you can amend a tax return to claim a credit or a refund. It is also the period during which the IRS can assess additional tax.


Category: Taxes

Q & A with magnifyerYou can either go to the IRS website and file the form or hire an outside service to do it for you. The EIN (also referred to as an FEIN) is used to identify your company for all tax purposes, including income tax and payroll tax.

You may also need state identifying numbers, but the EIN is the place to start.