How to Get a Tax ID (EIN) in Severn MD

Obtaining a Tax ID Number (EIN)

When starting a business in Severn MD, serving as the administrator or executor of an estate, creator of a Trust or operating a Non Profit Organization obtaining a Tax ID (EIN) is a key responsibility. A Tax ID also known as an Employer ID Number (EIN) is a unique nine digit number that identifies your business or entity with the IRS for tax purposes, essentially like a Social Security Number for the entity. A Tax ID (EIN) is used for opening a business bank account, filing business tax returns and in many cases is required when applying for business licenses. In most cases it is helpful to apply for a Tax ID (EIN) as soon as your start planning a business to ensure that there are no delays in obtaining the correct licenses, financing and opening a business bank account that would be needed to operate.

Information to Consider Prior to Applying
Before applying for your Tax ID (EIN) you may want to consider a few things before starting the application including:

• Determine which structure your business or organization will operate as
• Determine the individual or organization that will serve as the responsible party
• Determine the physical address the business/entity will use – A physical address is required for all Tax ID (EIN)’s and a separate mailing address can be specified

Definition of Entities

• Sole Proprietor – An individual who owns a company that is not incorporated or registered with the state as a limited liability company (LLC).
• Limited Liability Company (LLC) – A LLC is a structure formed by filing articles of organization which allows members limited liability protection and pass through taxation.
• Corporation – A person or group of people who establish a legal entity by filing articles of incorporation with the state’s secretary of state.
• Estate of Deceased – An estate (or decedent estate) or succession is a legal entity created as a result of a person’s death.
• Trusts – All types of trusts including conservatorships, custodianships, guardianships, irrevocable trusts, revocable trusts, and receiverships.
• Partnership – An unincorporated organization in which two or more individuals share the profits and liabilities of a business venture.
• Church – For tax purposes, a “church” refers to any organization claiming to be a church including temples, mosques, and other houses of worship.
• Non-Profit Organization – Includes public charities, educational organizations, PTA/PTO Organizations, Community Sports Teams, Homeowners/Condo Associates, etc.

Maryland State Tax ID

Outside of obtaining your Federal Tax ID (EIN) in Severn MD you will also likely need a Maryland State Tax ID. This ID is needed to pay business taxes, state income tax and/or sales tax on items you sell. Generally the State Tax ID is used for the follow:

• Sales and Use Tax
• Employee Income Tax Witholding
• Sales Tax Exemption Permits
• Excise Taxes for items like Alcohol, Tobacco, Firearms, Oil & Gas, heavy machinery, etc.

For specific detail refer to the Maryland State Website at http://taxes.marylandtaxes.com/Business_Taxes/New_Businesses/

Cities in Maryland

• Hanover, MD
• Harmans, MD
• Md Motor Vehicle Admin, MD
• Millersville, MD
• Odenton, MD
• Fort George G Meade, MD
• Fort George Meade, MD
• Fort Meade, MD
• Ft George G Meade, MD
• Ft Meade, MD
• Annapolis Jct, MD
• Annapolis Junction, MD
• Jessup, MD
• Linthicum, MD
• Linthicum Heights, MD
• Linthicum Hts, MD
• Maryland City, MD
• Md City, MD
• Russett, MD
• Elkridge, MD
• Gambrills, MD
• Glen Burnie, MD
• Savage, MD
• Severna Park, MD
• Crownsville, MD
• Crofton, MD
• Halethorpe, MD
• Lansdowne, MD
• Arbutus, MD
• Brooklyn, MD
• Brooklyn Park, MD
• Carvel Beach, MD
• Greenland Bch, MD
• Greenland Beach, MD
• Orchard Beach, MD
• Chestnut Hill Cove, MD
• Chstnt Hl Cv, MD
• Clearwater Beach, MD
• Clearwatr Bch, MD
• Curtis Bay, MD
• Stoney Beach, MD
• Montpelier, MD
• Univ Of Md Baltimore County, MD
• Bowie, MD
• W Bowie, MD
• Pasadena, MD
• Riviera Beach, MD
• Lake Shore, MD