New Hampshire Tax ID (EIN) Number Application Guide
Do you know how to obtain a Tax ID (EIN) Number in New Hampshire? The process will require you to gather information not only on your own person but also all members of the organization, partners. This will be the case whether you are a Corporation or a Non-Profit organization. With the ability to apply online for a Federal Tax ID (EIN) Number in New Hampshire, you can obtain the number in less than one hour. Simplification of the application process has made it easier than ever, relying on the Tax ID guide for the state, to get the registration complete.
Steps to Obtain your Tax ID (EIN) Number in New Hampshire :
- Prepare Required Information
- Apply for a New Hampshire Tax ID Online
- Apply for a New Hampshire Tax ID by Phone, Mail or Fax
- Do I Need a NH State Tax ID Number?
- How Do I Get a NH Tax ID Number?
- How Do I Get a New Hampshire State Tax ID Number?
1. Prepare Required Information
It’s in your best interest to gather all the information you’ll need for the tax ID application before you start answering questions. That way, you can complete the application faster and more conveniently.
At a minimum, you’ll need the following pieces of information:
- Legal names and addresses. You’ll need the full legal names and addresses of every founding member of your business (including yours).
- Social security numbers (SSNs). You’ll also need to collect the social security numbers (SSNs) of those founding members.
- A business name. This process will register your business with the government, so you’ll need to decide on an official name if you haven’t yet.
2. Apply for a New Hampshire Tax ID Online
If you can, it’s best to apply for your tax ID via the online application process. There are many application methods available, including traditional options like applying with a paper form or applying over the phone, but applying online is better in almost every conceivable way. For starters, you can access the online application virtually anywhere, so long as you have a device with an internet connection.
The form is easy to navigate online, and if you have all the information on your business and its partners in front of you, it should only take you 5 minutes to complete. These conveniences are nice, but the biggest reason to pursue an online application is the turnaround time. Once you’re done with the application, you’ll receive your tax ID via email in an hour or less, making it the fastest application method by far. A faster turnaround means you get to start your business faster.
3. Apply for a New Hampshire Tax ID by Phone, Mail or Fax
There are several traditional tax ID application methods available as well. For example, if you wanted to answer questions about your business in an interview format, you could fill out the application remotely, over the phone. You could also track down and fill out a paper application, sending it in via mail or fax. However, these methods are much less convenient, since they require extra steps. They also take much longer to process. In many cases, you’ll be forced to wait up to 4 to 6 weeks to receive your tax ID, compared to waiting just an hour with an online application.
4. Do I Need a NH State Tax ID Number?
When most people use the generic phrase "tax ID," they’re referring to your federal tax ID number, also called an employer identification number or EIN. However, many states also require businesses operating within their boundaries to apply for and maintain a separate, state-level tax ID.
State tax ID numbers are typically used so businesses can register for state-level sales taxes. However, in New Hampshire, there isn’t a state-level sales tax (though some localities can collect their own sales taxes). That said, you may still require a New Hampshire state tax ID number. You’ll need to register with the state of New Hampshire if you’re going to be hiring any employees in the state of New Hampshire. There are also some special state-level taxes that apply to regulated goods such as alcohol, tobacco, and gasoline.
The majority of New Hampshire businesses will need to register with both the federal government for a federal tax ID number and with the state government of New Hampshire for a New Hampshire state tax ID number.
5. How Do I Get a NH Tax ID Number?
Your federal tax ID number, or EIN, is required for several business functions. For example, it’s a requirement for every business that has multiple members, like a partnership or a corporation. It’s also required if you’re going to hire any employees, regardless of where you’re operating. This number is frequently required by banks and financial institutions if you’re applying for loans, lines of credit, or a business bank account, and it’s required to apply for many business licenses, permits, and certifications. It’s also valuable to have one (even if it isn’t specifically required) so you can use it on various forms and pieces of paperwork.
To get one, you’ll have to fill out an application, answering various questions about your business and its founding members. You can fill out this application in multiple ways, but the best way is to apply online. Applying online is faster and easier for most prospective business owners, but more importantly, it gets you your tax ID faster. After completing the application (which should only take a few minutes if you have your information ready), you’ll receive your tax ID in less than an hour.
6. How Do I Get a New Hampshire State Tax ID Number?
Your New Hampshire state tax ID number is a separate matter. Remember, most New Hampshire businesses will need both a federal EIN number and a state tax ID number. If you’re hiring employees in New Hampshire or will owe special taxes on products you’re selling, registering with the state government of New Hampshire is a must.
First, you’ll need to have your federal tax ID number in place (which you can get via online application). Then, you’ll be able to register with the state government of New Hampshire in multiple different ways. Traditional application methods, like applying over the phone or by mail, do exist, but it’s better to apply online. Much like the federal tax ID number application, it only takes a few minutes to complete. After that, you’ll get your New Hampshire state tax ID number in a matter of 4 to 6 weeks.