Looking to obtain your Tax ID (EIN) Number in Montana? This short Montana Tax ID Application Guide will walk you through the basic steps you need to follow to apply for your Tax ID (EIN) Number in the state of Montana. Whether you own a Partnership, multi-member LLC, S-Corporation, C-Corporation, Non-Profit, Trust or Estate, this guide will help you learn what you need to know to obtain your official IRS Tax ID Number within minutes.
- Prepare Required Information
- Apply for a Montana Tax ID Online
- Apply for a Montana Tax ID by Phone, Mail or Fax
- Do I Need a Montana State Tax ID Number?
- Is a Montana State Tax ID the Same as a Federal Tax ID Number?
- How Do I Get a Montana State Tax ID Number?
To make the process faster and more convenient for yourself, it’s a good idea to gather the pieces of information you’ll need to fill out the application before you begin the application process.
At a minimum, you’ll need:
- Names and addresses. Gather the full legal names and legal addresses of each founding member of your company.
- Social security numbers. You’ll also need those founding members’ social security numbers (SSNs).
- A business name. You should also decide upon your business’s name, since this process will register your business with the government.
There are a few different ways you can apply for a tax ID number. You could use one of several different traditional application methods, but it’s much faster, more efficient, and more convenient to apply online.
When you apply for a tax ID online, you’ll be able to fill out the application at your convenience. You can access the application using any device with an internet connection, which is far better than trying to track down a paper application or apply over the phone. You’ll also be able to fill out the application quickly. If you’ve gathered all the right pieces of information in advance, you should be able to completely fill out the questionnaire in a matter of minutes. Once complete, you’ll get to experience the best benefit of applying for your tax ID online; you’ll receive your tax ID via email in an hour or less.
Even though applying for your tax ID is highly recommended, there are some other methods you could use to apply for a tax ID. For example, you could apply with a paper application if you feel like manually filling one out. If you do this, you’ll need to send it in via mail or fax, which is inconvenient for the average person. You may also be able to answer questions about your business over the phone, in an interview style. These methods take longer and are less convenient, and when you’re done, you’ll be stuck waiting 4 to 6 weeks to receive your tax ID by mail.
Most Montana businesses will need a state tax ID number to operate legally in Montana. This is a unique identifying number assigned to you when you register your business in Montana, but it’s a distinct number from your federal tax ID number, which is frequently referred to as a “tax ID.”
You’ll need a Montana state tax ID number in a variety of situations and conditions. For example, you’ll need to get a state tax ID number in Montana if you’re selling taxable goods and services in the state. You’ll also need one if you’re going to hire employees in the state of Montana, and if you’re going to owe excise taxes, which apply to certain regulated goods, like alcohol, gasoline, and tobacco. Note that you may need a Montana state tax ID number, a federal tax ID number, or both for your business.
Though similar in name, your federal tax ID number and Montana state tax ID number are two different numbers. Your federal tax ID number is assigned to your business when you register with the federal government. It’s also sometimes referred to as an employer identification number (EIN) or a general “tax ID.” This is a 9-digit, unique number that you’ll need if your business has multiple members, like in a corporation or partnership, or if you’re hiring any employees. You’ll also need this number if you’re applying for any financial products, like a business bank account, a business loan, or a line of credit.
Federal tax ID numbers are also required of businesses that are applying for a state tax ID number, or those that are applying for business licenses, permits, and other forms of certification. Even if you don’t formally require an EIN to operate legally, it may still be a good idea to get one, since you can use this number in place of a personal SSN on many business-related applications.
The majority of businesses in Montana will require both a federal tax ID number and a Montana state tax ID number to operate legally in the state.
Remember, you’ll need a Montana state tax ID number if you’re selling taxable goods and services in the state, if you’re hiring Montana employees, or if you’re selling regulated goods on which you’ll owe excise taxes. To get one, you’ll first need to get a federal tax ID number. Once you have that, you’ll need to apply for a Montana state tax ID number using either a traditional method, like applying over the phone, via mail, or via fax, or by applying online.
As you might imagine, the best way to apply for a state tax ID number is to apply online. Applying for your state tax ID number online is faster, easier, and more convenient. All you’ll need to do is answer a few questions about your business, and you’ll receive your state tax ID in as little as 4 to 6 weeks. Once you have your federal tax ID number and your Montana state tax ID number, you’ll be able to begin operations.