How to Get a Tax ID (EIN) in Wht Sulphur S WV

If you recently started or plan to start a business in Wht Sulphur S WV or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Wht Sulphur S WV.

It’s important to understand that there are 2 different types of Tax ID’s that you will likely need in Wht Sulphur S WV, a Federal Tax ID (also known as an EIN) and a State Level Tax ID.

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Obtaining a Tax ID Number (EIN)

When starting a business in Wht Sulphur S 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

Apply for a Tax ID (EIN) Online

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 Wht Sulphur S 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

Obtaining a Tax ID Number (EIN)

West Virginia State Tax ID

Cities in West Virginia