The process of obtaining a Tax ID (EIN) Number in Nebraska is a one-hour or less task. It has never been easier thanks to the new technology advancements, making it possible to go through the entire application process right online. The Nebraska Tax ID guide lets you understand the application process in a seamless fashion. You will be able to submit what you need to get your Tax ID (EIN) Number in Nebraska way faster than you expect. No matter the type of business that you may be, you can obtain the number with information on yourself and other individuals that help run the business.
- Prepare Required Information
- Apply for a Nebraska Tax ID Online
- Apply for a Nebraska Tax ID by Phone, Mail or Fax
- What Is a Nebraska State Tax ID Number?
- Is the Nebraska State Tax ID Number the Same as the Federal Tax ID?
- How Do I Get a Nebraska State Tax ID Number?
The first step is to prepare all the information you’re going to need during the application process. Having this information on hand will ensure you can complete the application as quickly and efficiently as possible.
Be sure to gather:
- Your business name. If you don’t yet have a business name, you’ll need one when you register your business with the federal government for your tax ID.
- Business member names and addresses. You’ll need to provide the full legal names and addresses of all founding members of your business, including yourself.
- Business member social security numbers (SSNs). You’ll also need the social security numbers (SSNs) of those founding members.
There are a few different options you have for applying for your business’s tax ID. However, some are more efficient and faster than others. You could apply for a tax ID using one of several traditional methods, like applying over the phone, applying by fax, or sending your application via conventional mail. However, applying online is the far superior option.
Applying for your tax ID online means you’ll have access to a much more convenient process. You can access the application with any digital device that has an internet connection, and the application itself is easy to understand. If you’ve gathered all the right pieces of information in advance, it should only take you a few minutes to complete the application; you’ll only need to answer a few questions about your business. When done, you’ll get your tax ID much faster than in any other application method. You’ll receive your tax ID via email in less than an hour.
Though applying for your tax ID online is much faster and more convenient than any other method, there are some other, more traditional methods to choose from. For example, if you fill out a paper application, you can send it in via mail, or fax it. If you choose to answer the key questions about your business over the phone in an interview format, you can do that too. These methods are less practical for most entrepreneurs, but the real downside is the wait time. You’ll wait 4 to 6 weeks to get your tax ID using these methods.
There are two major types of "tax ID" available to Nebraska businesses, so the terminology can get confusing. In common parlance, a general "tax ID" refers to your federal tax ID, also called an employer identification number, or EIN. This is a unique, 9-digit number assigned to your business when you register the business with the federal government.
However, there’s also a Nebraska state tax ID number to consider. This is also a unique identifying number, but it’s distinct from your federal tax ID number. Most Nebraska businesses will need both a federal tax ID number and a Nebraska state tax ID number. This state-level tax ID number’s main purpose is dealing with sales tax and other state-level taxes; you’ll need one if you’re selling taxable goods and services in the state. You’ll also need one if you’re going to owe excise taxes, which apply to regulated goods like tobacco, alcohol, and gasoline, or if you’re going to hire any employees in the state of Nebraska.
Though similar in name, your federal tax ID number and Nebraska state tax ID number are two distinct ID numbers. Your federal tax ID number (EIN) functions at the federal level, and is required for the majority of businesses.
You’ll need a federal tax ID number if you’re going to hire any employees. You’ll need one if you plan on applying for any financial products for your business, including a business bank account or a business line of credit. You’ll also need one if your business has more than one member, like if it’s an LLC, a partnership, S-Corporation or a C-Corporation. If your business is going to apply for any business licenses or permits, you’ll also need to have a federal tax ID number in place. Even if you aren’t legally required to have a federal tax ID number, it can be beneficial to have one for applications and paperwork.
Your Nebraska state tax ID number is for state-level functions, including registering for state-level sales taxes, excise taxes, and employee-related taxes.
The majority of Nebraska businesses will require both a federal tax ID number and a Nebraska state tax ID number. Remember, you’ll need a Nebraska state tax ID number if you’re selling taxable goods and services in Nebraska, if you’re hiring Nebraska employees, and if you’re going to owe excise taxes.
To obtain a Nebraska state tax ID number, you’ll first need to get a federal tax ID number, which you can get via a convenient online application. Once you have that, you’ll have several options to apply for your Nebraska state tax ID number. For example, you could use a traditional application method like applying over the phone, via mail, or via fax. However, it much more convenient and faster to apply online. Filling out the online application is easy, and it only takes a few minutes. Once you’re done, you’ll receive your Nebraska state tax ID number in just 4 to 6 weeks.