STEP:
Permit
Obtain Federal Tax ID Number
An Employment Identification Number (“EIN”), also referred to as a Taxpayer Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (“IRS”) for the purposes of tax reporting. It’s kind of like a Social Security Number, except that it is for businesses. Corporations and partnerships are required to have an EIN. However, if you are a sole proprietor, the IRS does not require one. Instead, you can use your Social Security Number and report your income and expenses on a Schedule C tax form. However, the City of Clovis HIGHLY recommends using an EIN because it reduces the chances of identity theft. Obtaining your EIN is fast, easy and free. CLICK HERE FOR MORE INFORMATION AND TO APPLY FOR YOUR EIN