How to Get a Tax ID (EIN) in Falling Waters WV

Obtaining a Tax ID Number (EIN)

When starting a business in Falling Waters WV, 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.

West Virginia State Tax ID

Outside of obtaining your Federal Tax ID (EIN) in Falling Waters WV you will also likely need a West Virginia 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 West Virginia State Website at http://tax.wv.gov/Business/BusinessRegistration/Pages/BusinessRegistration.aspx

Cities in West Virginia

• Falling Wtrs, WV
• Williamsport, MD
• Big Spring, MD
• Clear Spring, MD
• St James, MD
• Fairplay, MD
• Saint James, MD
• Martinsburg, WV
• Big Pool, MD
• Shepherdstown, WV
• Funkstown, MD
• Hagerstown, MD
• Citicorp Brm, MD
• Md Correctional System, MD
• Cherry Run, WV
• Hedgesville, WV
• Jones Springs, WV
• Boonsboro, MD
• Sharpsburg, MD
• Maugansville, MD
• Keedysville, MD
• State Line, PA
• Northern, MD
• Shenandoah Junction, WV
• Shendoah Jct, WV
• Chewsville, MD
• Inwood, WV
• Bakerton, WV
• Middleway, WV
• Kearneysville, WV
• Rohrersville, MD
• Gapland, MD
• Dulles, VA
• Dulles P & D Center, VA
• Cavetown, MD
• Bino, PA
• Greencastle, PA
• Waynecastle, PA
• Welsh Run, PA
• Worleytown, PA
• Cosytown, PA
• Upton, PA
• Mason Dixon, PA
• Milnor, PA
• Berkeley Spgs, WV
• Berkeley Springs, WV
• Unger, WV
• Hancock, WV