What is Form SS-4 And Why Does It Matter To Business Owners?

 

Future business owners and side hustlers might want to learn about Form SS-4, a form used by the IRS to designate a business identifying number.

You can use Form SS-4 to request an Employer Identification Number (EIN) from the IRS. An EIN is assigned to a business for business activities such as tax filing and reporting purposes. The following types of entities can apply for an EIN:

  • Employers (including corporations, partnerships, and sole proprietors)
  • Estates
  • Trusts
  • Government agencies
  • Nonprofit organizations,
  • Certain individuals (including sole proprietors) and other entities listed on Form SS-4

The EIN assigned to you will have nine digits, and a hyphen between the second and third digit.

Example: 12-3456789

Think of it as a Social Security number for a business.

form ss-4

Why Is IRS Form SS-4 So Important?

If you are thinking about setting up a business, IRS Form SS-4 is a critical step to take because it’s your business’ unique identifier to the IRS. This number is linked to bank accounts and many other aspects of your business.

How to Fill Out Form SS-4

To file for an EIN, you can file the following ways:

  1. Apply online via IRS.gov.
  2. Apply by mail or fax to the IRS.
  3. Connect with a tax pro at H&R Block.

Schedule a consultation with one of our knowledgeable tax pros at H&R Block to help you complete your Form SS-4. With our small business taxes and accounting services, we can help your small business prosper with a unique combination of services and expertise. Schedule a consultation at a convenient location near you!

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