If you own a business and live in Washington, you will need to have a Washington Tax ID.
If you are not sure how to go about getting one, here are the quick steps you will need to follow to make sure you not only have a Washington Tax ID, but that your business is completely legal when it comes to filing your taxes. So let’s dig in on how to get a washington tax id.
What is a Washington Tax ID? — If you do not already have one, it is probably because you have recently started your business, or will be opening a business very soon.
A Washington Tax ID is the number you will need so that you can file your taxes. Without it, your business is not legal as far as tax goes, and you will not be able to file the necessary tax forms.
Two different kinds of Tax ID — In Washington, just like in any other U.S. state, there are actually two kinds of Tax ID you will have to have in order to be legal — state and federal.
How to file for a Federal Tax ID (EIN)? — You are better off applying for the Federal Tax ID (EIN) to start with, as this is the fastest one to apply for.
That is because you can apply for an EID online via the IRS website. Just search on their website for the section “How to Apply for an EIN” and follow their instructions. It takes just a few minutes to apply, and then you will receive your EIN via email and Via a letter in the mail soon afterwards.
It is free to apply, so you do not need to pay any Internet service to do it for you.
How to file for a Washington State Tax ID? — The easiest way to apply for this is via the State of Washington Business Licensing Service, which is a government organization set up for the purpose.
They will need basic information from you before the application can be processed. The application itself will take about 15-20 minutes to complete, and will require a fee of $19 to submit. You can pay using a credit card or an E check.
Information needed for the Washington Tax ID application — You will need to know what type of company you will be opening or already own — a Limited Liability company, a sole proprietorship, a corporation, a partnership, a non-profit or one of several other options.
They will then ask for information about yourself and your company. This includes your name, the name of your company, your social security number, the name the company will be trading under and the business address.
You will also need to state why you are applying, and what the main purpose of the business will be.
Finally, there are a few more general questions you will have to answer, followed by giving the date the business was founded and the closing month of your accounting year.
Once you have input all this information into the Washington Tax ID application form, you can submit the application. A screen will pop up asking you to input your payment details and, once submitted, the application is complete.