By Kelly Robertson—An Employer Identification Number (EIN) is a great way to avoid using your own personal Social Security Number while conducting business. According to the IRS website, you can apply online and immediately receive an EIN number.
This info is taken From the IRS website at www.IRS.gov: “An Employer Identification Number (EIN), also known as a Tax ID Number, is a nine-digit number that the IRS assigns to business entities. The IRS uses this number to identify taxpayers that are required to file various business tax returns. EINs are used by employers, sole proprietors, corporations, partnerships, non-profit organizations, trusts and estates, government agencies, certain individuals and other business entities.”
Many Notaries Public who have their own home-based businesses are sole proprietors and are authorized to obtain an EIN number. A hard copy letter will be mailed subsequent to the application.
To download the application form called SS-4 in PDF format, go to IRS.gov and type in SS-4 at the prompt for forms and publications. You can also call the IRS at 1-800-829-4933 to speak with a representative.