Ask TaxMama.Com Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 6, Issue 275        September 10, 2004

Huh? Child Care Credit Error EIN vs SSN To File or Not? Pension Withholding Sick in the Mo   Free Domains?   Reimels v. Commissioner   The Year 1904   E-Mail  This Page To A Friend Your email: Your name: TO email:

EIN vs. SSN » From: Scotch Plains, NJ Dear TaxMama: If I have both a Social Security number and an Employer Identification Number associated with my LLC, which number do I use? I assume I use the number that is asked of me. But what if I'm asked for my tax ID number? Which one do I use? Bill Hi Bill, You do NOT have BOTH associated with your LLC. Your LLC is a separate entity from you. IT has an employer identification number (EIN). Use it. YOU have a Social Security number (SSN). The fact that you may be filing your LLC's tax return as part of your 1040, using Schedule C, does not mean your LLC suddenly grew an SSN. It still operates under the EIN it was born with when you set it up. So, anytime someone asks for your LLC's tax ID number, use the EIN. Otherwise, you'll lose the liability protection you set it up for in the first place. Enough alphabet soup for you? Now, go forth and succeed! Best wishes, Eva Rosenberg Your TaxMama

TaxMama's Other Sites TaxMama's Secrets The Help Desk PhotoMasterpieces I-Laugh

Library of Congress -  ISSN 1532-0790 Copyright © 2000-2007 - Eva Rosenberg

Subscribe | Ask TaxMama ~ Send Her Your Questions | Site Search Home | This Week's Issue | Articles by TaxMama | For Tax Pros Investment Secrets | IRS News | Smart Tax Moves | Critical Dates Using Money Wisely | Money Funnies & Inspiration | Because We Care About TaxMama | Our Privacy Policy | Legalese and Disclaimer | Press Page

Site design by Serenata Design.