How to Get a Tax ID (EIN) in Pagosa Springs CO

Obtaining a Tax ID Number (EIN)

When starting a business in Pagosa Springs CO, 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.

Colorado State Tax ID

Outside of obtaining your Federal Tax ID (EIN) in Pagosa Springs CO you will also likely need a Colorado 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 Colorado State Website at https://www.colorado.gov/revenue

Cities in Colorado

• Pagosa Lakes, CO
• Pagosa Spgs, CO
• Chromo, CO
• Piedre Park, CO
• Navajo State Park, CO
• Arboles, CO
• Bayfield, CO
• Gem Village, CO
• Chimney Rock, CO
• Vallecito, CO
• Chama, NM
• Creede, CO
• Spar City, CO
• South Fork, CO
• Masonic Park, CO
• Alpine, CO
• Wagon Wheel Gap, CO
• Tiffany, CO
• Oxford, CO
• So Ute Indian Res, CO
• Southern Ute Indian Reservat, CO
• S Ute Indian, CO
• Allison, CO
• Ignacio, CO
• Indian Agency, CO
• Summitville, CO
• Freeman, CO
• Plaza, CO
• Del Norte, CO
• Aqua Ramon, CO
• Baxterville, CO
• Brazos, NM
• Los Ojos, NM
• Rutheron, NM
• San Antonio, CO
• San Miguel, CO
• San Rafeal, CO
• Antonito, CO
• Ortiz, CO
• Paisaje, CO
• Florida, CO
• Fox Creek, CO
• Track City, CO
• Los Pinas, CO
• Mogote, CO
• Espinoza, CO
• La Isla, CO
• Las Mesitas, CO