If you recently started or plan to start a business in Anatone WA or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Anatone WA.
Obtaining a Tax ID Number (EIN)
When starting a business in Anatone WA, 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.
Washington State Tax ID
Outside of obtaining your Federal Tax ID (EIN) in Anatone WA you will also likely need a Washington 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 Washington State Website at http://dor.wa.gov/content/doingbusiness/registermybusiness/
Cities in Washington
- Asotin, WA
- Clarkston, WA
- Lewiston, ID
- Pomeroy, WA
- Uniontown, WA
- Culdesac, ID
- Winchester, ID
- Sweetwater, ID
- Lapwai, ID
- Spalding, ID
- Colton, WA
- Craigmont, ID
- Genesee, ID
- Reubens, ID
- Keuterville, ID
- Cottonwood, ID
- Ferdinand, ID
- Juliaetta, ID
- Dayton, WA
- Peck, ID
- Greencreek, ID
- Washington State University, WA
- Enterprise, OR
- Pullman, WA
- University, ID
- Moscow, ID
- Imnaha, OR
- University Of Idaho, ID
- Lenore, ID
- Fenn, ID
- Nezperce, ID
- Wallowa, OR
- Kendrick, ID
- Southwick, ID
- Albion, WA
- Troy, ID
- Ahsahka, ID
- Dixie, WA
- Lostine, OR
- Waitsburg, WA
- Elgin, OR
- La Crosse, WA
- Lacrosse, WA
- White Bird, ID
- Cooperville, ID
- Viola, ID
- Grangeville, ID
- Kamiah, ID