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.
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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.
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