As a new business owner, you may wonder what an S-Corporation tax ID is. An S-Corporation, also known as an S-Corp, is a type of entity for businesses with one or more individuals who have filed articles of the corporation on their own. An S-Corporation has some benefits including avoiding double taxation. An S-Corporation pays taxes only once by passing their income, losses, credits, and deduction through to shareholders, while a traditional corporation pays income taxes on their shareholder’s dividends as well as corporate taxes.
An S-Corporation tax ID is the same as a federal tax ID number (FTIN) or Employer Identification Number (EIN). To apply for an EIN number in S.C. or any one of the other 49 states online, visit the IRS EIN Tax ID website to receive your S-Corporation tax ID within 24-hours.
Easy, Secure Application Process
The fastest and easiest way to apply for an S-Corp tax ID number is online. There are only three easy steps to take when you entrust in the expert services provided on the IRS EIN Tax ID website. First, select the type of entity you are applying for. Next, enter your information on the provided form. Lastly, submit the application via the IRS-EIN-Tax-ID secure website. Your tax ID is emailed to you the same day, and in most cases, you can expect to receive it in the first hour after submission.
Experienced Customer Service
To help avoid mistakes and confusion, the S-Corporation tax ID form is simplified. If at any time you have questions or concerns, friendly and knowledgeable Govt Assist agents are available to help you. Also, unlike other websites that shut down after normal business hours, the IRS EIN Tax ID application center is available 24/7/365.
When the time comes to apply for an S-Corp tax ID number, make sure you use someone who’s experienced and knows how to make the process seamless for you.
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