Obtain a Federal Tax ID (EIN) Number in Connecticut | Tax ID Application
The Connecticut Tax ID Application Guide may be the best thing you ever discover as you begin the opening of your new organization! You may be a Partnership, an LLC, Estate, or some other type of organization. No matter the type, the commonality between all of those is you need a Connecticut Tax ID (EIN) Number. In order to obtain one easily, you can apply right over the Internet. The help of the guide can let you apply online with ease.
Steps to Obtain your Tax ID (EIN) Number in Connecticut:
- Prepare Required Information
- Apply for a Federal Tax ID Online
- Apply for a Federal Tax ID in Connecticut by Phone, Mail or Fax
- How Do I Get a Business Tax ID in CT?
- How Do I Get a Connecticut Tax Registration Number?
- How Do I Get a Connecticut State Tax ID Number?
1. Prepare Required Information
To get started, you’ll want to gather all the points of information you’ll need when filling out your tax ID application. If you do this in advance, you’ll save a ton of time, and you’ll be that much closer to getting your tax ID, so you can start your business.
Start by jotting down the full legal names and legal addresses of all your business members, including yourself and all your business partners. You’ll also want to get their social security numbers (SSNs). From there, if you don’t already have a legal business name in mind, now’s the time to get one. You’ll need it, since this process will register your business with the government.
2. Apply for a Federal Tax ID Online
Now onto the application process itself. There are several options available to you, but there’s a clear winner in the mix: applying online. While it’s certainly possible to apply for your tax ID via a traditional method, like over the phone, by mail, or by fax, it’s much faster, easier, and more straightforward to apply for your tax ID online.
For starters, applying online is much more convenient; you can apply with any device that has an internet connection, and the format of the application makes it easy to complete. If you’ve gathered all the details on your business and partners in advance, you should be able to finish the application in 5 minutes or less.
After you’re done with the application, the real benefit of applying online kicks in; you should receive your tax ID in less than an hour, over email, so you can start your business as quickly as possible.
3. Apply for a Federal Tax ID in Connecticut by Phone, Mail or Fax
Applying online is strongly recommended, but there are other application methods available. If you don’t mind filling out a paper application by hand, you can, and you can send that application in via fax or traditional mail. You may also be able to apply over the phone, answering questions about your business through conversation, rather than on a physical or online application.
These methods aren’t horrible, but they do come with a significant downside. If you use them instead of an online application, you’ll end up waiting 4 to 6 weeks to receive your tax ID by mail, instead of just an hour to receive your tax ID by email.
4. How Do I Get a Business Tax ID in CT?
Before you start your Connecticut business, you’ll almost certainly need a tax ID number. But the terminology referring to business ID numbers can get confusing, so let’s clarify. When most people refer to a “tax ID,” they’re referring to a federal tax ID number, which will register your business with the federal government. This number is also referred to as an employer identification number, or EIN, and you’ll need it if you’re going to hire employees (or if your business has multiple members). You’ll also need a federal tax ID if you’re going to apply for a business bank account or business line of credit, or if you’re going to need a business license, permit, or similar certification.
There are a few different available methods for applying for a tax ID in Connecticut; traditional methods, like applying via phone, mail, or fax, are all possible, but inferior to applying online. When you apply online, you’ll be able to fill out a digital application in 5 minutes or less, and when you’re done with it, you’ll receive your tax ID in an hour.
You may also need a Connecticut tax registration number, which is a completely different ID number.
5. How Do I Get a Connecticut Tax Registration Number?
Despite the name and functionality similarities, your Connecticut tax registration number is distinct from your federal tax ID number. This number, also sometimes referred to as a Connecticut state tax ID, will register your business with the state government of Connecticut, and is mostly used for tax purposes.
For example, you’ll need a Connecticut state tax ID if you’re going to sell taxable goods and services in the state, or if you’ll owe excise taxes (which apply to regulated goods like gasoline, alcohol, and tobacco). You’ll also need one if you’re going to hire Connecticut employees.
To get this tax registration number in Connecticut you’ll first need to get a federal tax ID, which you can get by applying online. Once you have that, you can apply for your Connecticut state tax ID either online or through a traditional method like phone, mail, or fax. No matter which method you use, it could take up to 4 to 6 weeks to get your Connecticut tax registration number.
6. How Do I Get a Connecticut State Tax ID Number?
Most Connecticut businesses will require both a federal tax ID number and a Connecticut state tax ID number. Accordingly, the best way to start the process is to apply for your federal tax ID first, and you can do that by applying online. If you have all the right information in front of you, you can complete the application in 5 minutes and have your federal tax ID in an hour.
After that, you’ll need to apply for your Connecticut state tax ID number. You’ll need this if you’re hiring Connecticut employees, if you’re selling taxable products or services in the state, or if you’re going to owe excise taxes. Ideally, you’ll apply online, since that method is more convenient and intuitive, but you’ll have to wait 4 to 6 weeks to receive it.