Obtaining a Georgia Tax ID (EIN) Number should not be a difficult process. You need to get the information you need to understand the online application process. Whether you are a Non-Profit or an Estate, Partnership or even a Corporation, you want instructions you can rely on. The answer is the Georgia Tax ID Application Guide. This guide will give you expert guidance to walk you through the online application process for a Georgia Tax ID (EIN) Number.
- Prepare Required Information
- Apply for a Georgia Tax ID Online
- Apply for a Georgia Tax ID by Phone, Mail or Fax
- How Do You Get a Tax ID Number in Georgia?
- What Is Georgia’s State Tax ID Number?
- How Do I Get a Georgia State Tax ID Number?
Before you get too far in the application process, it’s wise to gather up the bits of information you’ll need when filling out that application. This will make the process less stressful, and hopefully save you some time.
To start, get the full legal names and legal addresses of you and all your founding partners. It’s much easier to have this information on hand than to go scrambling for it at the last minute. You’ll also need their social security numbers, which you aren’t likely to have committed to memory. Finally, you’ll need to make sure you’ve decided on a legal business name, since applying for a tax ID will register your business with the government.
If you need a tax ID number for your Georgia business, there are several application methods available to you. However, some are universally better than others.
It’s possible to apply for your tax ID via a traditional method, such as phone, mail, or fax, but it’s much faster, more convenient, and easier to apply online. The online application process is straightforward, and accessible to anyone who has an internet connection. Filling out the application should only take you a few minutes- especially if you’ve gathered all the information listed in the previous section.
In addition to those perks, the processing time for online tax ID applications is much lower than for other methods. You might wait 4 to 6 weeks for a traditional application to process, but online, you’ll only wait an hour. After that hour is up, your tax ID will be emailed to you, so you can start operating your business and collecting revenue.
If you’d prefer to answer application questions over the phone, you can do that with a live representative. You can also fill out a paper application, and submit it by mail or fax. Of course, any of these methods is going to take you more time to complete the application. You’ll also face a much longer processing time; instead of merely waiting an hour for your application to process, you could face a waiting time of up to 4 to 6 weeks. There are no real advantages to applying in a traditional process, but these options exist nonetheless.
Most Georgia businesses will need a tax ID number, also called an employer identification number (EIN, or FEIN). To get one, you’ll need to register your business with the federal government. The process to do this is fairly straightforward, though you do have a few options that could make it easier or harder.
No matter which method you choose, you’ll need to fill out an application with details about yourself, your company, and any other founding partners you have. The information you’ll need for this application are covered in the first section of this article. Once you’re ready to fill out that application, you’ll need to fill it out in a traditional process (i.e., phone, mail, or fax), or apply online. Applying online is more convenient, and should be much faster than applying in any other method.
After you’ve filled out the application, you’ll need to wait for it to process. If you’re applying via a traditional method, the processing time can be up to 4 to 6 weeks. Applying online, however, should have your application finished processing in an hour or less.
Your EIN is a unique identifier for your business that registers your business with the federal government. However, you may also need to have a state tax ID number for your Georgia business. This will also be a unique identifier for your business, but it will operate on a state level. You’ll need to get a Georgia state tax ID if you’re going to sell taxable goods and services in the state of Georgia, or if you’re going to hire an employees in the state of Georgia. You’ll also need to have one if you’re going to sell goods for which you’ll owe excise taxes, like gasoline, alcohol, or tobacco.
You should have a federal tax ID number before you get your Georgia state tax ID number. There are some businesses that only need a federal tax ID, and a minority of businesses won’t need either number. If you do need to get a Georgia state tax ID number, you should apply online- following the same type of process you used to get your federal tax ID. However, you should note that it may take much longer to get your Georgia state tax ID- up to a few weeks, even if you apply online.
You may be confused about whether you need a federal tax ID number, a Georgia state tax ID number, or both. You’ll need to get an EIN, or federal tax ID, if you’re hiring employees, if your business has multiple members, or if you’re going to need a business bank account or apply for a business license or permit. You’ll need a Georgia state tax ID if you’re hiring Georgia employees, if you’re selling taxable goods and services in Georgia, or if you’ll owe Georgia excise taxes.
Regardless of which tax ID number you need, you’ll follow a similar application process to get it. Ideally, you’ll apply online, which will cut the time it takes to complete your application dramatically, and cut the processing time as well.