TAX ID / EIN APPLICATION (2024)New Jersey Tax ID (EIN) Number Application Guide
Looking to register an employer identification number in the state of New Jersey? You can get a Tax ID (EIN) number in the state by using the power of the internet. Apply online to receive your tax ID number in a matter of minutes. The New Jersey Tax ID Application Instructions will give you the guide to get everything you need through a submission quickly. It does not matter the type of company you are. Whether it is a Corporation, Trust, Partnership, LLC, Estate of Deceased, or Non-Profit, you need to prepare information on all owners to submit for an official Tax ID (EIN) Number in New Jersey.
Steps to Obtain your Tax ID (EIN) Number in New Jersey:
- Prepare Required Information
- Apply for a New Jersey Tax ID Online
- Apply for a New Jersey Tax ID by Phone, Mail or Fax
- Do I Need an EIN Number?
- How Do I Get an EIN Number in NJ?
- How Do I Get a New Jersey State Tax ID Number?
1. Prepare Required Information
Everything starts with you preparing all the information required to complete the tax ID number application. If you don’t have all the details at the ready, you could end up delaying the process and making things more complicated for yourself. Instead, be proactive and make sure you have all the right details on your business.
For starters, you’ll need to record the full legal names and legal addresses of all your founding business members, including yourself. You’ll also need to record their social security numbers (SSNs).
2. Apply for a New Jersey Tax ID Online
When you’ve gathered all those pieces of information, you can begin the application process for your tax ID. There are a few different methods available to you, including traditional methods like applying through mail, over the phone, or via fax. However, it’s much faster and more convenient to apply for your tax ID using the online application method.
The online application itself isn’t much different than the application as you’ll find it in other formats. However, it’s much more accessible and easier to navigate. Assuming you have all the details in front of you already, per the previous section, you should be able to complete the online tax ID application in 5 minutes or less. When you’re done with the application, you’ll receive your tax ID via email in less than an hour, making it by far the fastest method you can use to obtain a tax ID.
3. Apply for a New Jersey Tax ID by Phone, Mail or Fax
Every business owner should be using the online application method to receive their tax ID since it’s faster and more convenient. However, there are other methods available. If you fill out a paper application, you can mail it or fax it in. If you feel like answering questions in an interview with a representative over the phone, you can do that. These methods have certain restrictions attached to them, and will take you more time to complete. Plus, they’ll leave you waiting 4 to 6 weeks to get your tax ID by mail, instead of the mere hour you’ll have to wait with the online application.
4. Do I Need an EIN Number?
You may be confused about whether you truly need a tax ID number, and what a tax ID number is, exactly. This is especially true because the terminology can get complicated. The general term tax ID most commonly refers to your federal EIN number, which is also sometimes called an employer identification number, or EIN. This is a 9-digit unique, identifying number assigned to your business when you register with the federal government.
This number is a requirement for the majority of New Jersey businesses. It’s mandated for any business that has multiple partners, like you’d find in a partnership, LLC, or corporation. It’s also necessary for any business that plans on hiring employees, since it’s used to register for employment taxes. In addition, you’ll need this number for most of the applications you’re going to fill out. For example, you’ll need it when applying for a business bank account, a business loan, or a line of credit. You’ll also need it when applying for any business licenses or permits your business might require.
In short, you’ll almost certainly need an EIN number for your New Jersey business.
5. How Do I Get an EIN Number in NJ?
Your New Jersey business needs an EIN, but how are you supposed to get it? There are several methods available, but they all follow the same basic formula. You’ll answer a handful of questions about your business, including the names, addresses, and SSNs of all your founding members and register with the federal government. However, some of these application methods are strictly better than others.
Applying via a traditional method, like over the phone, by mail, or by fax, is possible, but these methods can take up to 4 to 6 weeks to get you your tax ID. Instead, it’s better to apply online. Not only is it more convenient for the majority of new business owners, it’s also much faster; you can complete the application in 5 minutes or less, and when you’re done, you should get your tax ID in less than an hour. Getting your tax ID faster means you’ll be able to start your business sooner and start generating revenue.
6. How Do I Get a New Jersey State Tax ID Number?
In addition to your federal tax ID number, you may also need to get a New Jersey state tax ID number, which functions at the state level and is assigned to you when you register your business with the state government of New Jersey. You’ll need one of these if you’re going to hire any employees in the state of New Jersey, if you’re going to sell taxable products and services in New Jersey, or if you’re going to owe state-level excise taxes on regulated goods like alcohol and tobacco.
To get a state tax ID number in New Jersey, you’ll first need to get a federal tax ID number, which you can get through an online application. Once you have that, you can apply for a state tax ID number through a traditional method like phone, mail, or fax, or apply online. As you can guess, applying online is the superior option. It’s much faster and easier to access, and when you’re done with the application, you’ll receive your state tax ID in just 4 to 6 weeks, which is still faster than other application methods.