Brendaleigh | 10-06-2008 12:27 PM | Federal Tax ID's or EIN's Is there a good reason to get a Federal Tax ID or an Employer Identification Number? It is really pretty easy to do, and cheap - but I was wondering if this would cause more trouble than it saves. I got the forms to apply and I know that I have to put real information on it because it is the IRS. Still, I have the mailing address as the box I rent at UPS, but there is a place on the form for you to put a separate Business address - where I put the address that I gave eBay and PAYPAL when I set up the accounts. I use my own name as the Principal Officer and my own SS#. I do not want to lie to the IRS. I haven't filed any of this yet because I really wanted to hear your thoughts. There is also the option of a State Tax ID - which I have not done. Anyway, would an EIN do me any good with eBay or PAYPAL? I have set up all my accounts as Business accounts and they have a place to put a Federal Tax number if you have it. Any thoughts??? |