Topic: Questions

Does a Political Organization Need a Tax ID (EIN) Number?

Political organizations need Employer Identification Numbers (EINs) for many basic operating tasks. Even if they don’t have employees, these groups need this number to identify themselves on federal tax forms, and additionally, political groups also need an EIN if they want to open a bank account, apply for certain loans, or take care of other […]

Does a Government, Federal/Military Need a Tax ID (EIN) Number?

What is a Government, Federal / Military? Government entities including agencies aligned with the federal government need an Employer Identification Number (EIN). Military organizations such as national guards and other groups also need to obtain an EIN. Governments and militaries must note this tax identification number on forms they remit to the Internal Revenue Service […]

Does a Household Employer Need a Tax ID (EIN) Number?

A household employer is an individual who hires people primarily for household tasks: nannies, maids, gardeners, and other similar positions. Most household employers will not need to apply for an Employer Identification Number. Instead, they can hire an individual under their own social security number, and they can release a 1099 under their own social […]

How to Open a Bank Account for a Government, State/Local Entity

A government agency still needs to open and manage bank accounts. To open a bank account, a government, state, or local entity will first need a Taxpayer Identification Number. For a government agency, this is also known as an Employer Identification Number. Most government agencies will already have one in place, or will acquire one […]

Does a Farmers’ Cooperative Need a Tax ID (EIN)?

Farmer’s cooperatives need to obtain an Employment Identification Number (EIN). These co-ops must use this tax ID number on all federal tax documents and returns as well as on banking forms. In contrast, farms do not always need an EIN. In particular, sole proprietorship farms often only need an EIN if they hire employees, set […]

Does a Block/Tenant Association Need a Tax ID (EIN)?

A block/tenant association is a group of individuals who are dedicated to action around their neighborhood, building, or development. Like a neighborhood watch association, they are often fairly informal, and members may come and leave. Usually, there is no direct official structure to the arrangement. Because of this, not all block or tenant associations need […]

What is a Sports Teams (Community)? | IRS Definition of a Sports Teams (Community)

The IRS (Internal Revenue Service) defines sports teams or clubs as organizations that exist to be involved in national or international amateur sports competitions, and amateur sports organizations such as amateur hunting, fishing, tennis, swimming and other sport clubs, as well as certain variety clubs and hobby clubs are usually exempt from federal income tax. […]

What is a Household Employer? | IRS Definition of a Household Employer

If you’ve ever hired a maid, nanny, gardener, or nurse, you’re a household employer. A household employer is an individual who employs someone else to work in their household. Usually, these individuals are hired as independent contractors. Most household employers don’t pay taxes for their hires, but instead just a flat fee or wage. At […]

What is a Political Organization? | IRS Definition of a Political Organization

According to the Internal Revenue Service (IRS), political organizations are parties, committees, associations, funds, or other organizations that focus on attempting to influence political elections and appointments. These groups can directly or indirectly accept contributions and spend money for their goals, but their primary activities must be exempt functions related to influencing or trying to […]

What is a Homeowners / Condo Association? | IRS Definition of a Homeowners / Condo Association

Homeowners Associations (HOA) and Condo Associations (otherwise known as Associations of Apartment Owners or AOAOs) fulfill essentially the same role. A homeowners or condo association is a group that manages a residential community, with the goal of maintaining or improving property values. HOAs and condo associations are connected to a home or a condo, and […]

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