When you make changes to the way your company operates, updating all your records and all the important industry contacts you have developed can be time consuming. To top it off, you need to understand how changes affect every aspect of your administrative management, including your tax reporting obligations. Often, companies change locations to find a more business-friendly environment, and this can lead to entrepreneurs wondering when and if they need to register a new EIN. Luckily, the IRS does not require you to apply for a new EIN when your business address changes, so your current tax ID number will be valid.
When Does a Company Need a New EIN?
The IRS only requires you to get a new tax ID when a new entity is being established for tax purposes. That means:
● If your sole proprietorship has employees or needs to file for certain small business loans
● When establishing any other type of business
● When reincorporating a business into a new structure
● When you manage a nonprofit or estate with income reporting and/or tax obligations
If you are running an established company, then your EIN will be registered to your business under its proper business name. You can use an EIN lookup like the one on IRS-EIN-Tax-ID.com to find out whether your EIN is registered to your business in its current configuration. If you do need a new one, it’s easy to get it by using the site’s application to submit your SS4 online.
Get the Help You Need When Applying for an EIN
If you have questions about your EIN registration or about applying for a new EIN when your company has changed structures, you should contact IRS EIN Tax ID Filing Service online to get help. Company representatives respond during regular business hours, so you can get answers to your questions before applying.