Obtain a Tax ID (EIN) Number in Oregon | Tax ID Application
Obtaining an Oregon Tax ID (EIN) Number? Find out how to apply online using our simple Oregon Tax ID Application Guide. Be prepared with identifying information of each all partners, even if you own a Corporation, Trust, Non-Profit, Partnership, Estate or multi-member LLC (Limited Liability Company). This article will serve as professional guidance when applying for your official Tax ID (EIN) Number in Oregon.
Steps to Obtain your Tax ID (EIN) Number in Oregon:
- Prepare Required Information
- Apply for an Oregon Tax ID Online
- Apply for an Oregon Tax ID by Phone, Mail or Fax
- Is a Business ID Number (BIN) the Same as a Tax ID Number?
- Do I Need an Oregon BIN?
- How Do I Get an Oregon State Tax ID Number?
1. Prepare Required Information
When you apply for your tax ID, you’ll need to answer several questions about your business, including the name of the business and who’s going to be starting it. If you want to complete the application as quickly as possible, and start your business faster, it’s a good idea to gather the requisite information in advance. That way, you won’t be slowed down by the process of gathering the information as you complete the application.
For starters, get the full legal names and legal addresses of all your business’s founding members (including you), and jot down their social security numbers (SSNs) as well. You’ll also need to have your business name ready, so make the decision if you haven’t yet.
2. Apply for an Oregon Tax ID Online
It’s entirely possible to apply for an Oregon tax ID through a traditional method, like over the phone, by mail, or by fax. However, it’s universally better to apply for your tax ID online. Applying online is more convenient, and as you’ll see, it’s much faster as well.
You can begin the tax ID application process on any device with an internet connection. The interface is intuitive, and the digital form will guide you through the process. If you’ve gathered the right information already, it should only take you 5 minutes to complete the application. After that, you’ll need to wait for your tax ID to be provided to you, and if you apply online, you should receive it via email in an hour or less. That means you’ll be able to start your business and start generating revenue much faster, with no delays in your way.
3. Apply for an Oregon Tax ID by Phone, Mail or Fax
Even though applying online is the superior option, there are several traditional application methods available to you as well. For example, you can apply for your tax ID by filling out a paper application if you have the extra time or inclination. When you’re done with it, you’ll need to send it in via mail or via fax. You could also answer the questions about your business over the phone, in an interview-style format.
The biggest downside of these application methods is the time it takes to receive your tax ID after you’ve completed the application. While applying online gets you a tax ID in less than an hour, these methods often take 4 to 6 weeks for you to receive your tax ID via mail.
4. Is a Business ID Number (BIN) the Same as a Tax ID Number?
In Oregon, some businesses will require a business ID number (BIN), but this is different than the federal tax ID you may have already applied for.
There are several different names for different types of tax ID, so it can be confusing- especially for a new business owner. To start, there’s the federal tax ID number, sometimes referred to as simply your “tax ID.” You may also have heard of this number as an employer identification number, or EIN, or even a federal employer identification number, or FEIN. You’ll need this number if you’re going to hire employees, or if your business includes more than one member. You’ll also need one if you’re going to apply for a business bank account, for business credit, or for one of several different business licenses and permits.
Your business ID number (BIN) in Oregon is another name for an Oregon state tax ID. Though it serves a somewhat similar purpose, uniquely identifying your business and registering your business for tax purposes, it’s distinct from a federal tax ID number.
5. Do I Need an Oregon BIN?
There are several conditions that may require your business to get a BIN in Oregon. Most importantly, if you’re going to hire employees in the state of Oregon, or if you have corporate members whom you’re paying in Oregon, you’ll need to have an Oregon BIN in place. Keep in mind that this applies to anyone you hire or pay in Oregon, even if you’ve incorporated your business in Oregon but are physically located somewhere else.
Most other states also have a rule that you need a state tax ID number for registering for sales taxes. However, the state of Oregon does not have a state sales tax, nor do the cities and counties in Oregon have sales taxes. Accordingly, Oregon is one of the few states for which you won’t need a state tax ID number just for selling taxable goods and services in the state.
6. How Do I Get an Oregon State Tax ID Number?
If you find you need an Oregon state tax ID number, or Oregon BIN, the process for getting one is fairly straightforward (and similar to the process you used to get your federal tax ID). You’ll need to get a federal tax ID first, which is important, since you’ll need both a federal tax ID and an Oregon BIN if you’re going to hire employees in Oregon.
Once you have that, you can apply for your Oregon BIN through a traditional method, like phone, mail, or fax, or online. As with the federal tax ID, it’s universally better to apply for this online; the form is more convenient to access and more intuitive. However, you might end up waiting a bit longer for your Oregon state tax BIN; even if you apply online, it could take 4 to 6 weeks to receive your number.