Quick Answer: Should I Use My SSN Or EIN?

Can an EIN number expire?

EINs do not expire.

Once an EIN has been issued to an entity, it will not be reissued.

Online—Click on the Employer ID Numbers (EINs) link at http://www.irs.gov/businesses/small-businesses-self-employed/.

The EIN is issued immediately once the application information is validated..

How long does an EIN stay active?

The answer to SSNs and EINs expiring is that they don’t. Once you have one of those, it’s yours forever. You don’t have to reapply for one at a later date.

How do I know if my ein is still active?

To check on the status of your federal tax ID number, contact the IRS by telephone at 800-829-4933.

Can you use EIN instead of SSN?

You can use an EIN instead of an SSN on W-9. … It is not possible to use an EIN for these purposes. Because lenders and credit rating agencies know the difference between an SSN and EIN, it reduces the potential of damaging your credit rating even if fraudsters can access your personal information.

Is 123456789 a valid SSN?

The social security number (SSN) is a nine-digit number issued to an individual by the Social Security Administration (SSA). Social security numbers are considered invalid by the SSA when they meet any of the following criteria: … Consecutive digits in numerical order (123456789)

What if I get an EIN and never use it?

Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity. … If you receive an EIN but later determine you do not need the number (the new business never started up, for example), the IRS can close your business account.

Can I use an old EIN for a new business?

Generally, you need to apply to the IRS for a new Employer Identification Number, or EIN, for any new business. However, under certain conditions, you can use a previous EIN, such as for a limited liability company or a partnership.

Is my ein linked to my Social Security number?

For most individual taxpayers, your main tax ID is your Social Security number, but businesses often have separate employer identification numbers. Some people ineligible for Social Security numbers have numbers called Individual Taxpayer Identification Numbers, and states can issue their own tax IDs.

What is the benefit of having an EIN number?

Business taxes Business taxes are, of course, a reason to have an EIN. The ID number makes it easier to file federal and state taxes, quarterly or annually. Some small businesses and sole proprietorships use personal accounts for their business and taxes.