If you recently started or plan to start a business in Arlington TX or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Arlington TX.
Obtaining a Tax ID Number (EIN)
When starting a business in Arlington TX, 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.
Texas State Tax ID
Outside of obtaining your Federal Tax ID (EIN) in Arlington TX you will also likely need a Texas 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 Texas State Website at https://comptroller.texas.gov/taxes/permit/
Cities in Texas
- Kennedale, TX
- Mansfield, TX
- Dalworthington Gardens, TX
- Dw Gdns, TX
- Pantego, TX
- Everman, TX
- Univ Of Texas At Arlington, TX
- Univ Tx At Arlington, TX
- Forest Hill, TX
- Lillian, TX
- Edgecliff Village, TX
- Edgecliff Vlg, TX
- Briaroaks, TX
- Burleson, TX
- Cross Timber, TX
- Cedar Hill, TX
- Ft Worth, TX
- Tarrant County Courthouse, TX
- Fort Worth, TX
- Colonial Financial, TX
- Kenneth Copeland Ministries, TX
- Federal Aviation Administrat, TX
- Shared Unique, TX
- Sw Baptist Theological Smry, TX
- Cingular Wireless, TX
- Richland Hls, TX
- Richland Hills, TX
- Hurst, TX
- Texas Christian Univ, TX
- Haltom City, TX
- N Richland Hills, TX
- North Richland Hills, TX
- N Richlnd Hls, TX
- Alvarado, TX
- Venus, TX
- Duncanville, TX
- Grand Prairie, TX
- Benbrook, TX
- Westover Hills, TX
- Bedford, TX
- Crowley, TX
- Midlothian, TX
- Cockrell Hill, TX
- Euless, TX
- Northrichland Hills, TX
- Desoto, TX
- Watauga, TX
- Irving, TX