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How to Obtain a Tax ID for Your Business If you're about to start operating your business, you may need to hold off until you know where you stand in terms of your tax situation. Business owners often think that all they need to do in terms of tax purposes is to label themselves as an LLC or corporation. However, that is not enough. You will also need to obtain your Employer Identification Number or EIN. This number is similar to a Social Security number, and it’s used by the IRS to identify your business. Read on to learn how to obtain your own tax ID. Do You Even Need a Tax ID? There are certain circumstances where your company may not need a tax ID from the IRS. You will need an EIN if you withhold taxes from the wages you pay or your operational costs or if you're filing under a corporation/partnership. If you're unsure about your company's position, you may always seek the services of an accountant in Las Vegas to make sure you know where you stand. How to Apply for an EIN The good news for business owners is that obtaining an EIN is relatively easy to do. You first need to complete an application for your business through the IRS website. You may also apply for it via fax or over the phone. Once your application is completed and reviewed, you will receive your EIN.