Quote:
Originally Posted by ravenazrael
well i was not sure if the ein was eligible for all the companies regardless of the number of employees or lackthere of.
Hmm so first the ein and then the tin for the llc. If the payment processor withholds the 20% that would be like the tax rate unless the company makes few money
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First the ITIN (IRS Form W-7) for the individual, then the EIN (IRS Form SS-4) for the LLC. When you apply for an EIN you have to submit your ITIN as the person applying.
The IRS is really friendly when it comes to this. They will even give a tax ID to an illegal alien. My landscape guy is an illegal alien and he has a tax ID. He tells me that he wants to go to California to get a driver's license at the first opportunity. It's that easy.
Yes, the 20% becomes your tax if you don't file for it.